Autolatina was a joint venture between the Argentine and Brazilian divisions of Volkswagen and Ford which was created in 1987 and disbanded in 1996. Volkswagen held 51% of the company and Ford 49%; Volkswagen managed the Car Division, and Ford the Truck Division. The jointly developed automobiles were released under VW and Ford brands ("badge engineering"). Also a bank, the (Banco Autolatina / Autolatina Financiadora) existed.