Boris Roessler | picture alliance | Getty Images
14 January 2019, US, Detroit: Jim Hackett (r), CEO of Ford, and Herbert Diess, CEO of VW, talk about the fair together. Industry experts expect the announcement of a cooperation between VW and Ford in the light commercial vehicle sector.
Ford and Volkswagen plan to collaborate on making commercial vans and medium-sized pickup trucks as early as 2022, the two companies said Tuesday.
The partnership is expected to boost annual pre-tax operating results starting in 2023, the two companies said in announcing the agreement on the second day of the North American International Auto Show in Detroit.
They also signed a “memorandum of understanding” to work together on autonomous vehicle research.
This is a breaking news story. Please check back for updates.
Source : CNBC
