The Volkswagen AG Supervisory Board has approved further contracts under its cooperation with Ford Motor Company announced last year.

Three projects in the areas of electrification and commercial vehicles are now planned to be realised as a first step. These include the use of Volkswagen's Modular Electric Toolkit by Ford for an electric vehicle in Europe, as well as the use of a mid-size pickup developed by Ford, which is to be adapted by Volkswagen Commercial Vehicles in selected markets. Both firms are also to collaborate on a third project, which will see Volkswagen Commercial Vehicles being responsible for the development of a city delivery van, while Ford will oversee the planning for a van in the one-ton loader segment.

Additional projects may follow, as well as the investment in Argo AI, the autonomous vehicle platform company. Through the cooperation, both manufacturers plan to realise significant synergy effects from shared development costs, as well as production synergies.