Volkswagen to Open Research Centre for Self-Driving Cars in Silicon Valley

Date : 01/09/2020 @ 9:41AM
Source : Dow Jones News
Stock : Volkswagen AG (VOW)
Quote : 157.9  -0.4 (-0.25%) @ 1:13PM
Volkswagen share price Chart

Volkswagen to Open Research Centre for Self-Driving Cars in Silicon Valley

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   By Kim Richters 
 

Volkswagen AG (VOW.XE) said Thursday that it will open a research centre with a focus on self-driving cars in Belmont, California.

The German car maker said the new research centre will be part of its subsidiary Volkswagen Autonomy GmbH and it will hire 50 to 100 employees for the center this year.

Volkswagen didn't comment on the costs of the site but said it is planning to open an additional research centre in China soon.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

January 09, 2020 04:26 ET (09:26 GMT)

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