Volkswagen walks away from talks with Renault on building electric car
Volkswagen broke off discussions mainly because Renault had wanted to build the car in one of its plants at a time when VW is seeking to fully utilise its European production network, one of the sources said.
Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, sources said, in a setback for the carmakers' efforts to fend off Chinese rivals.
The collapse of negotiations could mean the German carmaker may have to go it alone in developing its own affordable electric car.
