Daily Management Review

Volkswagen to expand cooperation on self-driving cars with Mobileye


Volkswagen intends to extend its partnership with Mobileye, a company connected to Intel, to a program including autonomous vehicle technology.

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