Automakers Ford Motor and Volkswagen plan to share production of 8 million commercial vehicles with assembly expected to begin as early as next year and continue through the life cycles of the products.
Products will include a city van created and built by Volkswagen; a 1-ton cargo van engineered by Ford; and a Volkswagen medium-sized pickup that will use the platform of the Ford Ranger.
“In light of the Covid 19 pandemic and its impacts on the global economy, more than ever it is vital to set up resilient alliances between strong companies,” Volkswagen CEO Herbert Diess said in a release. “This collaboration will efficiently drive down development costs, allowing broader global distribution of electric and commercial vehicles, and enhance the positions of both companies.”
Read the article at CNBC.