Ford and Volkswagen to explore a strategic alliance

Volkswagen and Ford have announced that they have signed a Memorandum of Understanding. Both say that they are exploring a strategic alliance designed to strengthen each company’s competitiveness and better serve their customers globally.

The companies are exploring potential projects across a number of areas, including developing a range of commercial vehicles together to better serve the evolving needs of customers.

It appears that the potential alliance would not involve equity arrangements, including any cross ownership stakes. The companies say that they will provide updates and additional details as talks progress.