Volkswagen Taps Former SAP Cloud Chief as Software Unit CTO

Date : 12/18/2019 @ 11:29AM
Source : Dow Jones News
Stock : Volkswagen AG (VOW)
Quote : 168.15  -2.3 (-1.35%) @ 4:35PM
Volkswagen share price Chart

Volkswagen Taps Former SAP Cloud Chief as Software Unit CTO

Volkswagen (XE:VOW)
Historical Stock Chart

3 Months : From Nov 2019 to Feb 2020

Click Here for more Volkswagen Charts.
   By Max Bernhard 
 

Volkswagen AG (VOW.XE) said Wednesday that it has appointed Bjoern Goerke as chief technology officer of its software business unit Car.Software.

Mr. Goerke previously was chief technology officer and head of SAP SE's (SAP.XE) cloud platform business. The appointment is effective from Jan. 1.

Mr. Goerke will define a "cross-brand standard for the software architecture of the connected vehicle and digital ecosystems," the German car maker said.

Volkswagen plans to significantly boost the share of software that it develops in house, to more than 60% from less than 10% currently.

By 2025, the company plans to invest more than 7 billion euros ($7.8 billion) in the Car.Software division. By standardizing software across its brands, Volkswagen aims to cut the costs of software per vehicle, it said.

 

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

December 18, 2019 06:14 ET (11:14 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200222 01:47:00