Volkswagen and Ford join forces – Joint production of vans and pickups planned
Source: Tanjug
Wednesday, 16.01.2019.
08:17


Illustration (Photo: Gyuszko-Photo/shutterstock.com)

Volkswagen CEO Herbert Diess and Ford CEO Jim Hackett said Tuesday that the first jointly developed vehicles could hit the market as early as 2022 and that the linkup would offer efficiencies that would mean stronger profits starting in 2023, AP reports.
Ford would make the medium-sized pickups, one of its strengths, as well as larger vans, whereas Volkswagen would develop and build a small van for crowded cities.
The two companies also said they would look into possibly cooperating on electric and autonomous cars and were willing to consider additional projects, but without taking shares in each other, AP writes.
Tags:
Volkswagen
Ford
Herbert Diess
Jim Hackett
production of cars
production of pickups
production of vans
production of electric cars
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