Volkswagen far from picking ally for hybrids -CEO


BERLIN, May 24 (Reuters) - Volkswagen's chief executive on Tuesday played down speculation that Europe's biggest carmaker could soon join forces with sports automaker Porsche to develop hybrid-engine technology. "We are still far away from saying we will cooperate on this or that technology," Bernd Pischetsrieder told reporters on the fringes of a ceremony marking the 100 millionth VW vehicle. He made clear Volkswagen had not yet decided on a potential cooperation partner for hybrids, ...

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