Volkswagen in Talks To Acquire Huawei’s Autonomous Driving Unit: Report
Shortpedia
Content Team
Image Credit: brecorder
German motor vehicle manufacturer Volkswagen is in talks with Huawei to acquire its autonomous driving unit for billions of dollars, the media reported. According to Germany's Manager Magazin, Volkswagen and Huawei are negotiating a "billion-dollar deal in China". Volkswagen promises "unconventional solutions" for its new market China and "maybe taking over a Huawei subsidiary will help. The talks are ongoing," the report said.
