VW and Renault End Talks To Develop Affordable EV

Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, Reuters reported Friday, citing sources familiar with the situation, in a setback for the EU carmakers' efforts to fend off Chinese rivals. From the report: The collapse of negotiations could mean the German carmaker may have to go it alone in developing its own affordable electric vehicle (EV). Renault will continue designing its electric Twingo, scheduled to hit the market in