Volkswagen AG y Ford Motor Company they signed a Memorandum of Understanding and they are exploring a strategic alliance designed to strengthen each other's competitiveness and better serve customers globally.
The companies are exploring potential projects in various areas, including the joint development of a variety of commercial vehicles. to better serve the changing needs of customers. The potential alliance would not involve equity agreements, including cross-ownership interests.
"Ford is committed to improving our fitness as a company and leveraging adaptable business models, which includes working with partners to improve our effectiveness and efficiency." said Jim Farley, President of Ford Global Markets. “This potential alliance with the Volkswagen Group is another example of how we can become more fit as a business, while creating a winning global product portfolio and expanding our capabilities. We look forward to exploring with the Volkswagen team in the coming days how we can work together to better serve the changing needs of commercial vehicle customers and much more. ", Agregó.
El Dr. Thomas Sedran, Strategy Director of the Volkswagen Group, assured: “Markets and customer demand are changing at an incredible speed. Both companies already have strong and complementary positions in different commercial vehicle segments. To adapt to the challenging environment, it is of utmost importance to gain flexibility through alliances. This is a central element of our Volkswagen Group Strategy 2025. The potential industrial cooperation with Ford is seen as an opportunity to improve the competitiveness of both companies globally. "
The companies will provide updates and additional details as the conversations progress.