Auto industry – VW now wants to work with Mobileye – economy

According to insiders, Volkswagen wants to expand its cooperation with Mobileye after withdrawing from the startup Argo AI for robot cars. It boils down to the subsidiary of the Intel group as a partner, it said. The software subsidiary Cariad from VW is already working with the Israeli specialist for self-driving vehicles. “If you have good experiences with a partner, it makes sense to work with them in other fields as well,” said an insider. Volkswagen and the US carmaker Ford announced their exit from Argo on Wednesday, with the start-up company losing its main shareholders. Both partners had recently each held 40 percent in Argo, which was pursuing ambitious plans for self-driving vehicles. Ford probably gave the impetus for the withdrawal. The hopes associated with Argo were not fulfilled as quickly as hoped.

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