Ford to expand alliance with Volkswagen to make about 8M commercial vehicles
No. 2 U.S. automaker also said it would build a new electric vehicle for Europe
(Reuters) - Ford Motor Co said on Wednesday it would expand its alliance with Volkswagen AG to produce up to 8 million commercial vehicles.
The No. 2 U.S. automaker also said it would build a new electric vehicle for Europe and, starting 2023, it could deliver more than 600,000 units.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| F | FORD MOTOR CO. | 12.16 | -0.59 | -4.61% |
| VWAPY | VOLKSWAGEN AG ADR | 12.25 | -0.65 | -5.04% |
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(Reporting by Sanjana Shivdas in Bengaluru; Editing by Vinay Dwivedi)