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Volkswagen in talks with Huawei on autonomous driving unit: Report

Volkswagen in talks with Huawei on autonomous driving unit: Report

BERLIN (REUTERS) – Germany’s Volkswagen is in talks with China’s Huawei about buying an autonomous driving unit for billions of euros, Supervisor Magazin reported on Thursday (Feb 17).

Automakers and expertise companies are investing billions of {dollars} in autonomous driving, aiming to take an early lead in what many think about the way forward for mobility.

Volkswagen chief government Herbert Diess mentioned on Wednesday he expects the automobile trade to see widespread autonomous driving inside 25 years and that the corporate was pursuing new partnerships to extend its self-sufficiency in software program.

Group leaders have been negotiating the deal, which additionally entails expertise methods Volkswagen just isn’t but proficient in, for a number of months, Supervisor Magazin, a German enterprise journal, mentioned, citing inside sources.

A Volkswagen spokesman declined to remark.

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