Pakistan, Jan. 16 -- Volkswagen AG and Ford Motor Co on Tuesday set an alliance that combines forces on commercial vans and pickups and said they were exploring expanding into joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars.
Ford and VW announced their partnership against the backdrop of the Detroit auto show. The partnership, which starts with sales of vans and medium-sized pickups in 2022, will not involve a merger or equity stakes, the companies said.
Volkswagen and Ford said they also are exploring potential collaboration on electric vehicles, autonomous vehicles and mobility services.
The two automakers explored closer cooperation as trade frictions force carmakers ...