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. 13.79 -0.24 -1.71%
VWAPY VOLKSWAGEN AG ADR 23.97 -0.48 -1.96%

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(Reporting by Sanjana Shivdas in Bengaluru; Editing by Vinay Dwivedi)