FRANKFURT, Nov 18 (Reuters) – Volkwagen, Europe’s largest carmaker, is as much as two years of improvement work behind Alphabet Inc’s Waymo within the space of self-driving vehicles however is dedicated to catching up, the German group’s chief govt advised newspaper Welt am Sonntag.
“We now have to confess that Waymo, the Google enterprise, is forward of us, arguably by one or two years. However we’re decided to catch up. The sport isn’t but misplaced. Quite a bit relies upon additionally on regulation,” CEO Herbert Diess was quoted as saying by the Sunday paper.
VW has earmarked virtually 44 billion euros ($50 billion) for growing electrical vehicles, autonomous driving and new mobility providers by 2023 and can discover additional areas of cooperation with U.S. automaker Ford.
Reporting by Ludwig Burger, enhancing by Louise Heavens