COMMISSION APPROVES FORD/VOLKSWAGEN AGREEMENT ON MULTI-PURPOSE VEHICLES* The Commission has exempted, by a formal decision under Article 85(3) of the EEC Treaty, an agreement between the car manufacturers Ford and Volkswagen to set up a joint venture in Portugal for the common development and production of a multi-purpose vehicle (MPV). Ford and VW will build a plant near Setúbal with a capacity of 190,000 units per annum, which is to begin production in 1995. The MPVs will be sold in differentiated versions by Ford and VW under their own trademarks and through their separate sales networks. MPVs are a relatively new and distinctive product. They are
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The EU Commission approves an agreement between car manufacturers to set up a joint venture in Portugal for the common development and production of a multi-purpose vehicle (Ford / Volkswagen)
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