The collapse of negotiations could mean the German carmaker may have to go it alone in developing its own affordable electric vehicle. Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, three sources familiar with the situation said, in a setback for the EU 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 vehicle. Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, three sources familiar with the situation said, in a setback for the EU carmakers’ efforts to fend off Chinese rivals.
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