German automaker Volkswagen is in talks with Chinese telecommunications equipment maker Huawei to acquire a self-driving technology division. This was reported by the publication Manager Magazin, claiming that we are talking about a deal for “billions of euros.”
Automakers and technology firms are now investing heavily in the development of self-driving technologies in an effort to take the lead in what many see as the future of mobility.
Volkswagen CEO Herbert Diess said yesterday that he expects self-driving technology to be widely adopted over the next 25 years. The German company is looking to build new partnerships to increase its self-sufficiency in the software industry.
Group leaders have been negotiating a deal for several months now, according to Manager Magazine, citing its own sources inside Volkswagen.
Source: ixbt
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