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Volkswagen Group’s Skoda division said talks with India’s Tata Motors on a strategic alliance have ended because the two automakers failed to achieve planned cost savings.
Renault is poised to raise its bet on Russia, voting with other shareholders in troubled AvtoVAZ to launch an 85 billion ruble (1.2 billion euro) recapitalization in which the French carmaker may be the sole cash contributor.
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