Škoda Auto says Tata Motors joint venture talks over

New 2017 Skoda Octavia Review In motion

New 2017 Skoda Octavia Review In motion

An official statement from Tata Motors, however, today formally brought an end to the possibility of any such potential partnership in the future.

Tata Motors, Volkswagen and Skoda had agreed to form a non-equity based partnership to work on areas like cost-effective products for low-priced markets like India. Skoda Auto was to take the lead on behalf of the VW Group to drive forward work towards development of vehicle concepts in the economy segment.

State says Trump on 'same page' as U.S. officials
We sanctioned Russian Federation just last week and it felt pretty great. they threaten us in a way you never will! "Maybe you should threaten other countries too".

Cooperation talks between Germany's Volkswagen Group and Tata Motors about the joint development of a cheap vehicle for emerging markets have been ended amicably, a Volkswagen Group source said on Thursday.

Skoda engineers, the magazine reported, had convinced the top management that with such an investment, it's possible to develop and localise the VW Group's MQB-A platform.

Real Madrid remain hungry for titles after win over Manchester United
Zidane could also bring in playmaker Isco , and return to a 4-3-3 system by giving Cristiano Ronaldo a first start of the season. Casemiro struck an opener before Isco - a player once linked with a move to Old Trafford - doubled Los Blancos' lead.

The change in strategy comes after a radical shift in plans adopted by Tata Motors which looks to catapult the company's disappointing financials and achieve a turnaround in 2 years. Nevertheless, the two companies have chose to keep in touch for future areas of collaborations.

The decision to call off the agreement comes amid mounting losses at Tata Motors' India operations and efforts to turn around the business by Guenter Butschek, managing director and chief executive at the firm. In doing so, both companies have concluded that at present, neither the technical nor the economic synergies are achievable to the extent desired by both parties. "However, we remain positive of exploring future opportunities with the Volkswagen group, given the relationship of mutual respect that we witnessed during the phase of our cooperation discussions", he added.

Trump's claims on nuclear modernization crumble under scrutiny
The nonpartisan Congressional Budget Office has estimated that nuclear forces will cost $400 billion between 2015 and 2024. The modernization also entails refurbishing nuclear warheads and improving the aging facilities where the work is done.

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