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Volkswagen and Ford confirm interest in strategic alliance

|About: Volkswagen AG ADR (VWAGY)|By:, SA News Editor

Volkswagen (VLKAY) and Ford (NYSE:F) confirm that they are exploring a strategic alliance designed to strengthen each company’s competitiveness and better serve customers globally.

The two automakers plans to work on joint development of a range of commercial vehicles.

VW and Ford don't plan to take equity stakes in each other.

F +0.25% after hours to $11.92.

Source: Press Release

Previously: Volkswagen and Ford in talks over commercial van partnership (June 19)

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