VW Confirms Partnership With Ford, Will Jointly Develop Commercial Vehicles

VW and Ford will jointly develop and manufacture a range of light commercial vehicles, the German automaker announced at their annual board meeting.

The two car companies have also identified “additional fields of cooperation outside the light commercial vehicle segment”, where there’s the potential for expanding collaboration but VW didn’t provide any more details.

According to VW, the two companies will remain competitors in the market as their collaboration will not expand in other areas, including commercial, marketing and pricing strategies, putting an end on reports about a possible VW-Ford merger.

“The two companies complement each other very well in terms of both products and regions. The joint development and manufacture of a range of light commercial vehicles is at the core of the envisaged cooperation,” said VW in its statement.

Volkswagen also decided to increase its investment into electric cars and autonomous technologies from $39 million to $50 million over the coming five years to the end of 2023. According to the latest reports, VW is planning on introducing an entry-level electric crossover with a price tag of $23,000 (20,000 euros) in 2022.

“One aim of the Volkswagen Group’s strategy is to speed up the pace of innovation. We are focusing our investments on the future fields of mobility and systematically implementing our strategy”, Herbert Diess, CEO of Volkswagen said after the supervisory board meeting.

more photos...
  • Mr. EP9

    I don’t think they’re going to stop there. They may say it’s just for commercial vehicles but they may change their mind and start joint developing passenger vehicles and trucks.

    • performante

      Let’s hope not.

Lamborghini Valuation Hits $11 Billion Thanks To Strong Urus Sales

Lamborghini could become a viable initial public offering candidate for the VW Group.

FCA And Renault Merger Talks Could Be Back On The Table

The FCA and Renault merger reportedly hinges on Nissan’s backing.

BMW M8 Gran Coupe To Launch At November’s L.A. Auto Show

BMW’s M8 family will be completed with the unveiling of the Gran Coupe in a little over two months.

Lnyk&Co 03 Cyan Shatters ‘Ring Records For FWD And 4-Door Cars – Or Does It?

The 03 Concept lapped the ‘Ring faster than Jag’s XE SV Project 8 and Renault’s Megane RS Trophy-R.

Fiat Will Not Build A Successor To The 124 Spider – And That’s Sad

Fiat believes that the MX-5-based roadster isn’t important in its future and will focus on small cars instead.

F1 Starts Wind Tunnel Testing Of 2021-Spec Aero Pack

The final touches are being made to the overhauled 2021 F1 season regulations that aim to ultimately make overtaking easier.

If Only BMW Made A Street-Legal, V8-Powered i8 Like This Racer

It looks like an i8, but apart from that, it has absolutely nothing in common with BMW’s hybrid sports car.

Glacier White Metallic Audi A7 Sportback Poses At The Forum

In 55 TFSI quattro spec, the A7 Sportback is capable of hitting 60 mph in just 5.2 seconds.

Nissan Still Weighing Its Options On The R36 GT-R’s Powertrain

The successor to the 12-year old GT-R will either be a hybrid or an all-electric. And that’s a definite maybe…

2020 Porsche Taycan Interior Fully Revealed, Even The Passenger Gets A Touchscreen

The Porsche of the future sure is futuristic.