VW, Ford confirm talks on possible commercial vehicle tie-up
June 19, 2018
FRANKFURT (Reuters) - Volkswagen AG (VOWG_p.DE) and Ford Motor Co (F.N) are talking about jointly developing and building a range of commercial vehicles including vans, the companies confirmed on Tuesday.
A Reuters story earlier on Tuesday said VW and Ford were discussing joint production of vans.
In a joint statement late Tuesday, VW and Ford said they were considering a strategic alliance and “investigating several joint projects,” including development of a range of commercial vehicles for global markets.
The companies said the alliance did not involve an equity swap or cross-ownership stakes.
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