Car industry: VW and Ford announce cooperation

Volkswagen and Ford have agreed on a global alliance – but initially it remains in the light commercial vehicle segment
limited. Starting in 2022, the corporations want to start working together and transport
to develop medium-sized pick-ups, as Volkswagen CEO Herbert Diess and the head of US rival Jim Hackett said.

Both companies hope their cooperation will abate
 2023 improved their operating result. Also checked is a possible
Cooperation in electromobility, autonomously driving cars and
Mobility services. A job reduction because of the cooperation with VW
Hackett does not expect.

Some experts see alliances big car makers like VW and Ford
 as trend-setting for the entire industry. The industry stands
in view of the thin profit margins and high investments with rising costs
 Pressure to concentrate forces. In particular, the change too newer
Technologies such as electric drives
or robotic cars is so expensive that it can make new alliances necessary.

Diess
 said, given the change in the entire industry
makes sense to share investments and pool innovation. For him, cooperation in autonomous driving is crucial: "From the point of view of Volkswagen, cooperation with an American company in this area would be extremely useful," said Diess.

The brands stay separate

The goal of the partnership is to contribute
Development and construction easier commercial vehicles Save costs. To
Assessment of Diess are both manufacturers in the segment too
small to play a major role worldwide. A mutual
 Equity participation of the two companies he further excluded.

Together
 In 2018, both companies have a total of around 1.2 million light units
Commercial vehicles sold. Thus, the new alliance would be the industry according to VW
 highest volume of collaboration in the segment. Hackett and Diess
stressed, jointly developed vehicles should be under separate
Brands at the start. According to the VW bosses could in the Ford factory
 in Turkey common vehicles arise.

Ford is to develop and build mid-size pickups for both companies, which are expected to be launched in 2022. Ford executives
 Jim Farley said it was all about vehicles for South America, Africa
 and Europe. In addition, Ford wants to develop and produce larger vans for the European market. Volkswagen will then bring a city delivery van for both partners on the market.

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