India’s Tata Motors has announced the signing of a memorandum of understanding (MoU) with the Volkswagen Group and its Skoda division, aimed at possible joint product development. The agreement has been signed by Tata Motors CEO Günter Butschek, Volkswagen Group CEO Matthias Müller and Skoda Auto CEO Bernhard Maier.
Source: www.engineeringnews.co.za
Tata Motors signs MoU with VW, Skoda to develop affordable vehicles
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