India, Jan. 15 -- Auto giants Volkswagen AG (VKW.L, VLKAF.PK, VOW.BE) and Ford Motor Co. (F) announced the launch of a global alliance to jointly develop commercial vans as well as medium-sized pickups for global markets, beginning as early as 2022. The two automakers will also collaborate on electric vehicles.
For both the companies, Ford will engineer and build medium-sized pickups, and also commercial vans for European customers. Volkswagen plans to develop and build a city van.
The commercial van and pickup cooperation is expected to yield improved annual pre-tax operating results, starting in 2023. Demand for both medium pickups and commercial vans is expected to grow globally in the next five years.
Ford and Volkswagen both have co...