https://phys.org/news/2019-01-vw-ford-team-pickups-explore.html

Ford Motor Co., based in Dearborn, Michigan, would make the medium-sized pickups, one of its strengths, as well as larger vans. Volkswagen would develop and build a city van. Cooperation on development lets carmakers spread their costs over more vehicles, lowering their average costs.

The two companies also signed a memorandum of understanding to look into cooperation on electric and autonomous cars and were willing to consider additional projects, but without taking shares in each other.