Reuters reports that Volkswagen will work without partners to develop its own hybrid engine technology for the U.S. and European markets. The report cited the company itself as the source.
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However, a new project with its Chinese joint venture partner Shanghai Automotive Industry Corporation (SAIC) will develop hybrid technology solely for the Chinese market, a VW spokesman told Reuters.
“A memorandum of understanding on this is supposed to be signed today,” a spokesman told Reuters.
No further details were available.
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