Ford Motor and Volkswagen said Tuesday that they planned to work together to develop medium-size pickup trucks and light commercial vans that they expected to sell around the world as soon as 2022.
The announcement was the first step in what the automakers foresee as a broad global alliance under which they will share costs in areas like autonomous and electric vehicles.
The agreement “will not only drive significant efficiencies and help both companies improve their fitness, but also gives us the opportunity to collaborate on shaping the next era of mobility,” Ford’s chief executive, Jim Hackett, said in a statement.
Volkswagen’s chief executive, Herbert Diess, said the alliance would “be a cornerstone for our drive to improve competitiveness.”
The agreement does not include cross-ownership between the companies. It will be carried out by a joint committee led by Mr. Hackett and Mr. Diess.
Ford will engineer and built the medium-size pickups for the companies, and it has agreed to develop a large commercial vans for European customers. Volkswagen intends to develop a small delivery van for use in crowded cities.
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