New Volkswagen Unit Aims For Market-Ready Self-Driving Tech
October 28 2019 - 7:35AM
Dow Jones News
By Max Bernhard
Volkswagen AG (VOW.XE) said Monday that it has established a new
subsidiary to bring a self-driving system to market maturity and
build up know-how.
The German car maker said the new unit, Volkswagen Autonomy
GmbH, will focus on autonomous vehicle technology from level four.
The Society of Automobile Engineers classifies self-driving
technology by levels zero to five, where level five means no human
intervention is required at all during driving.
"The first application cases are planned in the commercial
sector. Volkswagen Commercial Vehicles...will develop and build
special-purpose vehicles such as robo taxis and robo vans,"
Volkswagen said.
The new business will be headquartered in Wolfsburg and Munich
and have a subsidiary in Silicon Valley, while the establishment of
another subsidiary is planned in China for 2021.
"We plan to start commercializing autonomous driving at a large
scale around the middle of the next decade," said Alexander
Hitzinger, who will be managing the new unit.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
October 28, 2019 07:20 ET (11:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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