Europe

VW and Renault end talks to develop affordable EV


Automotive

Reuters exclusively reported that Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, in a setback for the EU carmakers’ efforts to fend off Chinese rivals.

Market Impact

A potential partnership between Volkswagen and Renault would have brought together household names of Europe’s top two economies and formed a counterweight against Asian rivals muscling into the local market.

Article Tags

Topics of Interest: Automotive

Type: Reuters Best

Sectors: Transport & Logistics

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story



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