Ford and Volkswagen are collaborating to produce midsize pickup trucks, commercial, and electric vehicles to meet increasing global demand.
The companies said in a joint statement on Wednesday that the alliance will build a commercial van for city delivery based on the latest Caddy model by 2021, a medium pick-up truck called Amarock by 2022, and an electric vehicle for Europe by 2023. Through the lifecycle of these products, the companies plan to produce a total of close to eight million units of the pick-up trucks and commercial vans and over 600,000 electric vehicle.
Both companies have also collaborated individually with Agro Al to build autonomous self driving vehicles with high technologies. Volkwagen and Ford do not have cross-ownership and will still lead as competitors in the marketplace.
The companies noted that the collaboration would drive down development costs and allow borader global distribution of these vehicles.