Volkswagen and Ford have announced initial agreements for a broad-based-collaboration. The goal is to strengthen the competitiveness of both companies and to further improve the product range for customers.
As a first concrete step, the CEOs Herbert Diess (Volkswagen) and Jim Hackett (Ford) confirmed the planned development of vans and medium-sized pick-ups starting from 2022 onwards. Both companies expect the cooperation to lead to annual improvements in earnings from 2023 onwards.
“Volkswagen and Ford will jointly use their resources, their innovative strength, and their complementary market positions to serve millions of customers around the world even better than before,” says Herbert Diess, stressing that “For Volkswagen, this alliance is also an important cornerstone for improving our competitiveness.”
Both Ford and Volkswagen are well positioned for light commercial vehicles with models such as Transit and Ranger and Transporter, Caddy and Amarok. Over the next five years, global demand for medium-sized pick-ups and vans is expected to rise. The alliance will enable both companies to share development costs, make optimal use of manufacturing capacity, improve vehicle performance and competitiveness, cut costs, and preserve the distinctive characteristics of their brand.