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The business chose to withdraw its investment in Argo AI, a startup that develops autopilot technology. Two sources familiar with the company's strategies have reported on the extended relationship.
Cariad, a branch of VW's software division, already collaborates with Mobileye, which creates driving automation systems.
One of the sources stated, "It makes sense to continue cooperating with a partner in other areas if we have had success with them in the past."
VW did not comment on the news.
source: bloomberg.com
Cariad, a branch of VW's software division, already collaborates with Mobileye, which creates driving automation systems.
One of the sources stated, "It makes sense to continue cooperating with a partner in other areas if we have had success with them in the past."
VW did not comment on the news.
source: bloomberg.com
