2019-03-29 Economy
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Why Ford and Volkswagen Will Team Up on a Pickup
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[Motley Fool] Volkswagen AG (NASDAQOTH:VWAGY) has signed a deal to develop a new pickup truck with Ford Motor Company (NYSE:F), a VW executive said, and the two automakers may soon agree to cooperate on mobility services and autonomous-vehicle technology.
While Volkswagen and Ford confirmed last year that they are exploring a "strategic alliance" and said in January that a pickup and some commercial vans are in the works, it hasn't been clear exactly what else their alliance will entail.
The remarks by VW's commercial-vehicles chief, Thomas Sedran, reported by Reuters, are a signal to investors that a number of possibilities are still under discussion -- and at least one now seems to be nailed down.
About that jointly developed pickup.
While it's not familiar to most Americans, Volkswagen's commercial-vehicles division has offered a midsize pickup called the Amarok in some regions since 2010. The Amarok competes against trucks like Toyota's Hilux and Ford's Ranger in South America, Europe, and a few other regional markets around the world. Like the Ranger, it's available in several versions ranging from a simple work truck to a personal vehicle with some off-road ability.
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