The world's biggest automaker is coming to India
The two automakers announced the formation of a new "strategic alliance" on Friday aimed at developing components, and possibly new vehicles. Volkswagen (VLKAF) CEO Matthias Mueller said the partnership would help it "achieve sustainable and profitable growth in very different parts of the world." Tata Motors (TTM), the owner of Jaguar Land Rover, has been under pressure at home. It has a reputation for making cheap cars, but wants to move upmarket to capitalize on the growing market.
We think you’ll love these