VW and Ford may work together on commercial vehicles to share expenses
The strategic alliance aims primarily to enable the two to share the burden of meeting tougher environmental rules
Frankfurt/Southfield, Michigan — Volkswagen (VW) and Ford Motor are considering a strategic alliance to work together on a range of commercial vehicles, a move that would enable two of the world’s largest vehicle makers to share the burden of meeting tougher environmental rules. The potential alliance on several projects, including vans and other commercial vehicles, won’t lead to an exchange of equity or cross-ownership stakes, the companies said in a joint statement Tuesday. The companies didn’t provide a timeline for when they hope to formalise their relationship, instead saying they "will provide updates and additional details as talks progress". Vehicle makers across the globe are exploring ways to share expenses for developing light commercial vehicles, including electrified models, as cities, including Paris and Shanghai, push to improve air quality. The tightening restrictions come at the same time that demand is rising for delivery of goods due to increasing popularity of o...
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