The No. 2 U.S. automaker will also make a new electric vehicle for Europe by 2023, built on Volkswagen's Modular Electric Drive toolkit
Vinay's key takeaways:
- Ford Motor and Volkswagen plan to share production of commercial vehicles as part an alliance announced in January 2019. Production of these vehicles is expected to begin next year and continue through the life cycles of the products. Models include a city van designed and built by Volkswagen; a 1-ton cargo van engineered by Ford; and a Volkswagen medium-sized pickup on the Ford Ranger platform.
- Given the current global economic situation, the alliance is urgently looking to drive billions of dollars in cost savings in development costs, as well as provide for broader global distribution of electric and commercial vehicles.