FRANKFURT (Reuters) – Volkswagen’s software program unit Cariad and automotive provider Bosch are nearing an settlement to cooperate on automotive software program, Handelsblatt reported, citing firm sources.
Volkswagen plans to speculate a triple-digit million euro quantity as a part of the deal, the paper added.
Volkswagen has bundled all its software program efforts into Cariad, hoping it will possibly problem Tesla and Alphabet in a area through which it has not historically been lively.
Cariad ranks excessive on Volkswagen’s transformation agenda, with CEO Herbert Diess taking over accountability for the unit on the group’s administration board this week as a part of a reshuffle.
Diess sees software program as the important thing future battleground of the automotive trade, starting from working programs to allow autonomous driving to software program companies that may be put in over the air.
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