Automotive

VW and Renault end talks to develop affordable EV

17 May 2024, 10:01 am 1 minute

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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