Ford, Volkswagen Announce Alliance on Vans And Electric Vehicles

Reuters is reporting that Volkswagen and Ford Motor Co will come together on commercial vans and pickups and both companies are exploring shared development of electric and self-driving technology.

The announcement was made at the Detroit North American International Auto Show, and the alliance between these two major automakers will begin with the sales of vans and medium-sized pickups in 2022. It will not involve a merger or equity stakes.

According to Reuters, this alliance, which will be governed by a joint committee that includes the CEOs of both companies, highlights the growing pressure on global automakers to manage the costs of developing electric and self-driving vehicles, as well as technology to meet tougher emissions standards for millions of internal combustion vehicles they will sell in coming years.