Carmakers team up for long-term co-operation

Interesting times in the motoring business.

Following on from the Peugeot takeover of Opel, Matthias Muller, chief executive of Volkswagen, Bernhard Maier, chief executive of Skoda Auto and Gunther Butschek, chief executive and managing director of Tata Motors, have signed a memorandum of understanding which forms the basis for exploring long-term strategic co-operation in clearly defined fields.

The goal of the strategic alliance is to bundle the expertise of both car manufacturers with a view to jointly developing vehicle components and possibly also vehicle concepts.