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Volkswagen Group, Tata Motors end talks on emerging markets cooperation

Reuters  |  BERLIN/NEW DELHI 

By Andreas CremerBERLIN/NEW DELHI (Reuters) - Cooperation talks between Germany's Volkswagen Group and India's Tata Motors about joint development of a car for emerging markets have ended amicably, the two companies said on Thursday.The collapse of the talks is a further blow to Volkswagen's (VW) efforts to develop a cheap vehicle platform for Asian markets, after an earlier alliance with Japan's Suzuki Motor Corp also fell apart.In March Tata Motors and VW announced a Memorandum of Understanding (MoU) for a long-term partnership to explore joint development of products for customers in ...

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First Published: Thu, August 10 2017. 17:00 IST
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