Volkswagen Is In Talks to Buy Autonomous-Driving Unit From Huawei, Manager Magazin Reports
February 17 2022 - 8:15AM
Dow Jones News
--German car maker Volkswagen AG is in talks to acquire an
autonomous-driving unit from China's Huawei Technologies Co.,
Manager Magazin reports, citing sources.
--Huawei's subsidiary has 700 employees and the potential price
tag ranges between a low to high single-digit billion amount,
Manager Magazin reports.
--The companies confirmed the talks, according to Manager
Magazin. Huawei confirmed talks about a cooperation with Volkswagen
to Dow Jones Newswires. Volkswagen declined to comment.
Full story (German): https://bit.ly/3LFyJPk
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
February 17, 2022 08:00 ET (13:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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