Volkswagen and Ford Announce Global Alliance
Volkswagen and the Ford Motor Company have announced an alliance. This alliance initially plans the joint development of light commercial vehicles.
Car manufacturers Volkswagen and Ford intend to commence their cooperation with the development of vans and medium-sized pick-up trucks for the global market from 2022 onwards. This was confirmed by Dr. Herbert Diess, Chairman of the Board of Management at Volkswagen, and Jim Hackett, Ford CEO. The car manufacturers are expecting economies of scale and increased efficiency as well as "vehicle architectures that deliver distinct capabilities and technologies."
Both companies are expecting a global increase in the demand for medium-sized pick-up trucks and commercial vans over the next five years. Ford will engineer and build the medium-sized pick-up trucks that will then be brought on to the market in conjunction with Volkswagen in 2022.
Volkswagen and Ford could expand alliance
Volkswagen and Ford have also signed a memorandum of understanding. According to this memorandum of understanding, both companies intend to explore further cooperation in the areas of highly automated vehicles, mobility services and electric vehicles. "Volkswagen and Ford will harness our collective resources, innovation capabilities and complementary market positions to even better serve millions of customers around the world," says Volkswagen Chairman Diess.