Ford, Volkswagen explore strategic alliance, including potential development of commercial trucks

Ford, Volkswagen explore strategic alliance, potential development of commercial trucks

business-handshake-generic

Volkswagen AG and Ford Motor Co. announced that they have signed a Memorandum of Understanding and have plans to explore a potential strategic alliance.

Among the areas the two companies are exploring is the potential to develop a range of commercial vehicles together. VW and Ford said any strategic alliance would not involve equity arrangements, including cross ownership stakes. Separately, Volkswagen’s Truck and Bus group recently announced that it will be renaming itself the Traton Group.

“Ford is committed to improving our fitness as a business and leveraging adaptive business models—which include working with partners to improve our effectiveness and efficiency,” said Jim Farley, Ford’s president of 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 extending our capabilities.

“Markets and customer demand are changing at an incredible speed. Both companies have strong and complementary positions in different commercial vehicle segments already. To adapt to the challenging environment, it is of utmost importance to gain flexibility through alliances,” said Dr. Thomas Sedran, head of Volkswagen Group strategy. “This is a core element of our Volkswagen Group Strategy 2025. The potential industrial cooperation with Ford is seen as an opportunity to improve competitiveness of both companies globally.”

You May Also Like

Decisiv adds SRM Sentinel Managed Care to TICO Edge

According to Decisiv, the new addition to the service management platform lets customers to proactively meet service needs and improve uptime.

Decisiv-TICO-TMC-2024-Dick-Hyatt

Decisiv Inc., a provider of Service Relationship Management (SRM) solutions, announced at the TMC 2024 Annual Meeting, that its Decisiv SRM Sentinel Managed Care application has been added to the TICO Edge platform. Decisiv says the addition of SRM Sentinel allows the manufacturer’s dealer network, customers and the TICO Uptime Center to collaborate in real-time for service and repairs.

Noregon announces ZF tractor, trailer telematics collaboration

The two companies demonstrated an early version of the paired telematics collaboration at the TMC 2024 Annual Meeting.

Noregon-TMC-ZF-partnership-telematics
The new Volvo VNL’s connectivity aims to boost productivity, streamline maintenance

Real-time fleet monitoring, remote updates, and extended service intervals for optimized truck performance.

Volvo-connectivity-service-TMC-1400
Pressure Systems International introduces new Geotab Marketplace offering

TireView LIVE integrates with Geotab, providing real-time tire monitoring, analytics and tire management.

PSI-TireViewLive-Geotab-TMC
Serjon highlights cybersecurity training as tech connects trucks

After successful attacks on large fleets, Serjon says it’s important to keep all employees trained on detecting cybersecurity threats.

Trailer Telematics-cybersecurity-attacks-hacking-safety

Other Posts

Heavy-Duty Leadership Group responds to national charging corridor plans

The group applauded the White House’s plans to accelerate a phased-in development of a freight charging network across the U.S. by 2040.

Trucks-fleet-freight-charging-infrastructure-EV-chargers-generic
Ford announces upgrades to E-Transit, charging, software

E-Transit will have an overall estimated range of 159 miles on low-roof cargo van models, in addition to new charging options.

Intangles introduces diesel particulate filter solution to optimize regeneration

The new solution offers real-time soot monitoring, regeneration quality insights and predictive performance analytics.

Intangles-diesel-particulate-filter-TMC-1400
Technical Achievement Awards finalists

The panel selected 3 product finalists for the award, and will announce the winner at this year’s TMC meeting.

Truck-writers-technical-acheivement-award-2023-winner