Ford Motor Co. and Volkswagen Group on Tuesday said they will collaborate on commercial vans and midsize pickups, and are exploring the joint development of autonomous and electric vehicles as part of a broad partnership designed to save both companies money.

The automakers have been exploring ways to collaborate since at least June. Both sides released details of their talks and planned a conference call with media featuring Ford CEO Jim Hackett and VW CEO Herbert Diess. Both men met briefly Monday at Ford's stand at the Detroit auto show.

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#NAIAS: Ford And Volkswagen Begin Alliance Sharing Pickups And Commercial Vans

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