Volkswagen to work with Mobileye on automated driving after Argo exit – sources

Volkswagen to work with Mobileye on automated driving after Argo exit - sources
© Reuters. Professor Amnon Shashua, senior vice president at Intel Corporation and president and chief executive officer of Mobileye, and Intel CEO Pat Gelsinger celebrate after ringing the opening bell for Mobileye Global Inc., the self-driving unit of chip maker I

BERLIN (Reuters) – Volkswagen (ETR:VOWG_p) plans to expand its cooperation with Intel (NASDAQ:INTC)’s Mobileye to include its automated driving program after Wednesday’s decision to no longer invest in self-driving startup Argo AI, two sources familiar with the plan told Reuters on Thursday.

Mobileye, which develops autonomous driving technologies, already cooperates with VW’s software unit Cariad.

“If you have obtained good results with one partner, it makes sense to work with them in other fields as well,” said one of the sources.

Volkswagen declined to comment.

Source: Reuters