Lmc Truck Catalog Ford, Ford and Volkswagen Enter Alliance to Build Trucks and Vans-Ford Motor Co. Volkswagen AG today announced the development and commercialization of commercial vehicles over the next three years.
The association initially focuses on medium-sized and vans, where car manufacturers expect global demand to grow over the next five years. Two companies want to deliver trucks from 2022 worldwide to Europe and continue to transport vehicles. Thanks to this collaboration, Ford can combine resources with major automakers and strengthen its presence in Europe. Volkswagen benefits from Ford’s strength in trucks. Companies share development costs and exploit production opportunities while retaining brand identity.
According to the plan, Ford designs and builds lorries for the largest companies and commercial vehicles in Europe, and develops and builds the Volkswagen class. Ford said in his statement that the union’s goal was to improve earnings before tax from 2023 onwards.
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Ford also stated that the car manufacturers signed a letter of intent on cooperation between electronic and independent vehicles and mobility services. In this case, the partnership would be more favorable, “because it increases investment costs and the revenue in this area is very limited and lasts long,” says Jeff Schuster, analyst at LMC Automotive.
“It seems that VW has won the first round of negotiations by approaching Ford’s Ford-free truck with access to the development of its electric cars,” Schuster said. “Of course, Ford could benefit from VW’s progress in electrification of the vehicle, including the special platform technology of electric cars, but we wondered what VW was expecting to pass on this information if there was no extra.”
The coalition, led by a joint committee of senior executives of both companies, “does not say, according to Ford’s testimony, that these two companies are co-owned.”
“Over time, this alliance will help both companies build value and meet the needs of our customers and society,” said Jim Hackett, CEO of Ford. “It not only delivers significant performance, but helps both companies improve their performance, but also gives us the ability to work together to shape the next mobility period.”
At the same time, both manufacturers invest a lot in future mobility. By 2023, Volkswagen plans to use $ 50 billion for electric cars and other technologies such as digital services, while Ford has announced $ 11 billion for restructuring. Volkswagen announced on Monday that it would invest $ 800 million and create 1,000 new jobs for electric cars in Tennessee, Chattanooga, from 2022 onwards. Last year, Fort and VW sold 1.2 million light vehicles, which could be the highest in the industry: the extent of collaboration at production level, Ford said.
Car company based in Dearborn, Michigan. This is the long-term global weight of the truck industry. The medium-sized Ford Ranger is Europe’s best-selling truck, and the Ford F-150 is the best-selling car in the United States for over 40 years. Volkswagen is stronger than limousines, but it produces nicknames for the world market, including trucks, Caddy and Amarok.
“Volkswagen and Ford are using our collective resources, our ability to innovate and our complementary market positions to serve millions of customers around the world,” said Volkswagen CEO Herbert Diess. “At the same time, the alliance is the cornerstone of our efforts to improve our competitiveness.” ……………