VW Team, Tata cooperation talks have been finished &#039amicably&#039: source


Cooperation talks among Germany’s Volkswagen Team and India’s Tata Motors about joint development of a low-cost motor vehicle for emerging marketplaces, have been finished amicably, a Volkswagen Team source reported on Thursday.

Ballpoint pens are viewed during Volkswagen Team annual news convention in Wolfsburg, Germany, April 28, 2016. REUTERS/Fabrizio Bensch

FRANKFURT: Cooperation talks among Germany’s Volkswagen Team and India’s Tata Motors about joint development of a low-cost motor vehicle for emerging marketplaces, have been finished amicably, a Volkswagen Team source reported on Thursday.

Volkswagen was not right away obtainable for comment.

In March, Tata Motors and Volkswagen declared a Memorandum of Comprehending (MoU) for a extended-term partnership to explore joint development of solutions for customers in India and other marketplaces.

Volkswagen’s entry-stage Skoda brand was owing to acquire an entry stage motor vehicle platform together with Tata.

(Reporting by Frankfurt Newsroom Modifying by Georgina Prodhan)



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