Volkswagen board formally okays Ford alliance projects

Volkswagensaid on Thursday its supervisory board had approved several projects in a multibillion-dollar alliance with Ford Motorthat was first announced last July.Among the shared projects specified by VW are a midsize pickup to be developed by Ford; a city delivery van to be developed by VW; a larger commercial van to be developed by Ford, and a new electric vehicle for Ford of Europe, to be built on VW's electric vehicle architecture.Regarding official approval of the agreements, a Ford spokes