Autos

Volkswagen sets up autonomous driving subsidiary, plans US site

0


Sean Gallup | Getty Images News | Getty Images

Volkswagen Group announced the creation of a subsidiary called Volkswagen Autonomy (VWAT) on Monday, with the German car giant saying it planned to “make autonomous driving market-ready.”

With offices in Munich and Wolfsburg, Volkswagen said that VWAT would aim to “bring a self-driving system… to market maturity.” As well as its sites in Germany, Volkswagen said it also planned to establish companies in Silicon Valley and China in 2020 and 2021 respectively.

Alexander Hitzinger, the Volkswagen Group’s senior vice president for autonomous driving, will manage the new company.

“We want to establish Volkswagen Autonomy as a global technology…



Source cnbc.com

Most stock-market-timing newsletters fail, comprehensive study shows

Previous article

Profit beats as Keytruda sales surge

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Autos