Volkswagen board formally okays Ford alliance projects

FRANKFURT (Reuters) - Volkswagen said on Thursday its supervisory board had approved several projects in a multibillion-dollar alliance with Ford Motor that was first announced last July.The German carmaker said various contracts between the two companies were nearing completion and would be signed soon.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..