Ford and Volkswagen Will Partner to Make 8 Million Commercial Vehicles
Ford Motor Company (NYSE: F) and Volkswagen AG (OTC: VWAGY) said on Wednesday that they will collaborate to make up to 8 million commercial vehicles as part of an alliance announced last year.
The automakers will collaborate on a small commercial van to be built by Volkswagen, a midsize (one-ton) cargo van to be built by Ford, and a midsize pickup for Volkswagen that will be based on the Ford Ranger. Both of the vans will be offered under the Ford and VW brands. The companies expect to produce up to 8 million of the vehicles in total over the products' lifecycles.
"Commercial vehicles are fundamental to Ford today and an area where we will accelerate and grow, and working with Volkswagen on these platforms will provide both of us significant financial advantages in things like engineering, and plants and tooling," Ford chief operating officer Jim Farley said in a statement.
Source Fool.com
