Ford and Volkswagen form global alliance, will start by building trucks and vans

Ford and the Volkswagen Group are combining forces in a global alliance, and they will start by making pickup trucks together, the two automakers announced on Tuesday. The companies will also build commercial vans together, and are exploring collaborations on autonomous and electric vehicles as well as new mobility services.

Neither company is taking an ownership stake in the other, which is the case in the Renault-Nissan-Mitsubishi alliance. But the Ford and Volkswagen partnership will be overseen by a joint committee with an equal number of people representing each automaker. The medium-sized pickup truck will be built for both companies as early as 2022.