👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

Ford, Volkswagen to make about 8 million commercial vehicles

Published 06/10/2020, 07:58 AM
Updated 06/10/2020, 08:40 AM
© Reuters. The corporate logo of Ford is seen at Brussels Motor Show
F
-
VOWG_p
-

(Reuters) - Ford Motor Co (N:F) and Volkswagen AG (DE:VOWG_p) said on Wednesday they would make up to 8 million units of medium pickup trucks and commercial vans during the lifecycle of the vehicles as part of an alliance announced last year.

The automakers will collaborate on a city van built by Volkswagen, a 1-ton cargo van developed by Ford, and a Volkswagen medium pickup built on the Ford Ranger platform, from 2022.

The No. 2 U.S. automaker will also make a new electric vehicle for Europe by 2023, built on Volkswagen's Modular Electric Drive toolkit, and could deliver more than 600,000 units over several years.

© Reuters. The corporate logo of Ford is seen at Brussels Motor Show

Ford and VW announced their partnership in January 2019, as carmakers around the globe join forces to invest in electric and self-driving technology to help save billions of dollars.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.