#Ford-VolkswagenAlliance

The fledgling alliance between Ford and Volkswagen took another step towards jointly-developed products Thursday, with VW signing an initial contract for a Ranger-based replacement for VW’s aging, midsize Amarok.

Commercial vans and pickups were top of mind when the automakers officially partnered up back in January, with electric vehicles and autonomous driving serving as (potential) future collaborations. More news on that front arrived today, too.

Like stern parents who just don’t understand, Wall Street analysts are playing hard to please when it comes to the alliance forged between Ford and Volkswagen. The two automakers made their deepened relationship official at last week’s North American International Auto Show, promising to breed a new generation of commercial vans for the European market, a Volkswagen-badged Ranger pickup, and perhaps much, much more.

While financial onlookers are of two minds on the tie-up, Ford’s stock has its mind made up. It’s staying in its room, as stubbornly depressed as before.

Months of speculation and rumors came to an end in Detroit Tuesday, as auto giants Ford Motor Company and Volkswagen Group officially announced they will take their relationship to the next level.

After signing a Memorandum of Understanding last year, initially to explore joint commercial vehicle production, the two automakers now say their pact will birth a midsize pickup truck for global markets. Volkswagen Ranger, anyone?