Volkswagen recently announced that it will create a subsidiary group, titled Volkswagen Autonomy. Volkswagen's new subsidiary group will work in Silicon Valley and China, and offices will open between 2020 and 2021. Volkswagen Autonomy will work toward creating autonomous driving technologies that will be implemented in Volkswagen cars in the future. The group will be run by the company's senior vice president, Alex Hitzinger, who has a previous background on electric car projects.
Hitzinger spoke in the creation of the new group and stated that it is essentially, "the world's best-funded start-up."
Before Volkswagen Autonomy will work on developing new technologies, it will first test existing software that was created by Argo AI.
Autonomous Technology Subsidiaries
Volkswagen Autonomy Will Focused on Self-Driving Technology
Trend Themes
1. Autonomous Driving Technologies - Opportunity to innovate and create advanced self-driving technologies for the automotive industry.
2. Silicon Valley Expansion - Opportunity to tap into the tech industry in Silicon Valley and access cutting-edge innovation resources.
3. Cross-industry Collaboration - Opportunity to collaborate with tech companies to combine automotive expertise with Silicon Valley's software advancements.
Industry Implications
1. Automotive - Opportunity for automotive companies to integrate autonomous driving technologies into their product offerings.
2. Technology - Opportunity for tech companies to collaborate with Volkswagen in developing autonomous driving software.
3. Electric Vehicles - Opportunity for electric vehicle manufacturers to incorporate self-driving technology into their vehicles.