August 10, 2017 / 9:29 AM / 6 months ago

VW Group, Tata cooperation talks have been ended 'amicably' - source

FRANKFURT, Aug 10 (Reuters) - Cooperation talks between Germany’s Volkswagen Group and India’s Tata Motors about joint development of a cheap car for emerging markets, have been ended amicably, a Volkswagen Group source said on Thursday.

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 development of products for customers in India and other markets.

Volkswagen’s entry-level Skoda brand was due to develop an entry level car platform together with Tata. (Reporting by Frankfurt Newsroom; Editing by Georgina Prodhan)

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