Ideally positioned to benefit from VW and Ford's planned collab is Brazilian workshop VolksFord. |
Volkswagen CEO Dr. Herbert Diess and Ford CEO Jim Hackett confirmed the two companies intend to develop the vehicles together from 2022.
The alliance will drive significant scale and efficiencies and enable both companies to share investments in vehicle architectures that deliver distinct capabilities and technologies.
The companies estimate the commercial van and pickup cooperation will yield improved annual pre-
tax operating results, starting in 2023.
tax operating results, starting in 2023.
The alliance, which does not entail cross-ownership between the two companies, will be governed by a joint committee. This committee will be led by Hackett and Diess and will include senior executives from both companies.
The companies’ collective light commercial vehicle volumes from 2018 totaled approximately 1,2 million units globally, which could represent the industry’s highest-volume collaboration as production scales.
Of course, joining Ford and Volkswagon could have resulted in 'FordWagon', until one remembers the lumbering Ford Wagon of the 1960s, then it simply cannot. |
Demand for both medium pickups and commercial vans is expected to grow globally in the next five years. The alliance will enable the companies to share development costs, leverage their respective manufacturing capacity, boost the capability and competitiveness of their vehicles and deliver cost efficiencies, while maintaining distinct brand characteristics.