Volkswagen AG and Ford Motor Company Launch Global Alliance
Volkswagen AG and Ford Motor Company today
announced the first formal agreements in a broad alliance that positions
the companies to boost competitiveness and better serve customers in an
era of rapid change in the industry.
Volkswagen CEO Dr. Herbert Diess
and Ford CEO Jim Hackett confirmed that the companies intend to develop
commercial vans and medium-sized pickups for global markets beginning as
early as 2022. The alliance will drive significant scale and
efficiencies and enable both companies to share investments in vehicle
architectures that deliver distinct capabilities and technologies.
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