Volkswagen AG and Ford Motor Company Launch Global Alliance

• Alliance leverages the two global automakers’ strengths to better compete, innovate and serve customers
• Alliance does not involve cross-ownership between the two companies
• Companies to first deliver medium pickup trucks for global customers, aiming to start in 2022, and intend to follow with commercial vans in Europe
• Van and pickup agreements are targeted to deliver scale and efficiencies for each company starting in 2023
• Volkswagen and Ford also are committed to exploring potential collaboration on EVs, autonomous vehicles and mobility services

Full press release.