(FILES) This file photo taken on January 27, 2016 shows a Volkswagen logo at the 2016 Washington Auto Showin Washington, DC. Canadian drivers of Volkswagen vehicles whose diesel engines were equipped with devices to cheat emissions tests will share up to Can$2.1 billion in a lawsuit settlement announced December 19, 2016. / AFP PHOTO / Mandel Ngan
Volkswagen AG’s next step into autonomous driving looks like it could be disappointing. But it’s also probably the best option the German giant has if it’s going to become a serious player in driverless technology.
The world’s largest automaker is in talks to invest in Argo AI at a US$4bil (RM16.28bil) valuation, the automated car company backed by Ford Motor Co, Bloomberg News reported. The deal could be finalised in the next few months.
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