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Detroit auto show organizers are preparing for the announcement of a highly anticipated trans-Atlantic partnership between Ford Motor Co. and Volkswagen — with CEOs Jim Hackett and Herbert Diess both expected to be in town for a public announcement at the Detroit Auto Show.

The Detroit Free Press reported that while the two carmakers continue their talks, which began last summer and are covered by confidentiality agreements, sources following the negotiations say the companies appear to have “reached agreements.”

It looks like the German and American companies will, in fact, announce a collaboration on commercial vans and midsize pickups initially, and then continue reviewing opportunities to cooperate on electrification and driverless technology. Ford Transit vans are the best-selling commercial vans in the world. The Ford Ranger, the world’s second-best-selling pickup of that size, also is a global product used by consumers and small business owners worldwide. 

The deal is expected to be announced in pieces, a “formal launch of alliance,” sources said. Things not yet confirmed next week will still be considered possible as discussions move ahead.