SEBI Registration NO.---- INA000001530 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS or messenger.

Volkswagen to Spend about half a billion euros on Digital Trucks by 2020

Volkswagen to Spend about half a billion euros on Digital Trucks by 2020

Berlin: Volkswagen`s truck division will expend about half a billion euros by the end of the decade to enhance digital features of heavy-goods vehicles as truck makers increase their focus on automation in road haulage, it said on Monday.

German rival Daimler has been at the forefront of self-driving truck proponents, citing improvements in driver safety and fuel efficiency while predicting the tech to overcome legal hurdles in road freight transport.

Volkswagen (VW), which begin to beef up its truck operations before its emissions scandal broke last September, is pushing digitization and new mobility technologies as part of efforts to re position itself and overcome the scandal.

VW`s Truck & Bus group said it would spend a “mid-range 3-digit million-euro amount” over the next five years on digital features as it aims to advance communication of on-board sensors with automatic braking and other systems.

2
 
error: Content is protected !!