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VW, Tata cooperation talks ended amicably: Source

further blow to Volkswagen's efforts to develop a cheap vehicle platform for Asian markets

Reuters  |  Frankfurt 

Cooperation talks between Germany's Volkswagen Group and Tata Motors about joint development of a car for emerging markets have ended amicably, a Volkswagen Group source said on Thursday. The collapse of the talks is a further blow to Volkswagen's efforts to develop a cheap vehicle platform for Asian markets, after an earlier alliance with Japanese partner Suzuki also fell apart. Volkswagen was not immediately available for comment. In March, Tata Motors and Volkswagen announced a Memorandum of Understanding (MoU) for a long-term partnership to explore joint ...

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First Published: Thu, August 10 2017. 16:11 IST
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