Jim Hackett

VW, Ford team up on pickups, explore deal on electrics

Volkswagen and Ford are forming a global alliance to develop commercial vans and medium-sized pickups together while exploring broader cooperation on future battery-powered and autonomous vehicles and services.

Volkswagen CEO Herbert Diess and Ford CEO Jim Hackett said Tuesday that the first jointly developed vehicles could hit the market as early as 2022 and that the linkup would offer efficiencies that would mean stronger profits starting in 2023.

Ford Motor Co., based in Dearborn, Michigan, would make the medium-sized pickups, one of its strengths, as well as larger vans. Volkswagen would develop and build a small van for crowded cities. Cooperation on development...

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