Volkswagen’s supervisory board has called on management to present a new plan for the carmaker’s software division, which forms the backbone of its strategy but has run into problems.
Volkswagen’s supervisory board has called on management to present a new plan for the carmaker’s software division, which forms the backbone of its strategy, but has run into problems, two people familiar with the matter said. The board is expecting an update on the last supervisory board meeting before the summer vacation, one of the people said, adding that no date has been set yet. “What the board has presented is not enough,” said another person. Volkswagen declined to comment.
Volkswagen calls its software division, which is a central element in its autonomous driving push, “the most ambitious project in our entire industry to tap into the most relevant profit pool of the future”.
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Cariad plans to challenge current software incumbents, including Apple and Tesla, but hit a roadblock that could become a problem for VW boss Herbert Diess, who is responsible for the unit on the group’s management board.
Spiegel first reported the news, which did not mention where he obtained the information, and said that problems with the Cariad, which have delayed product launches at Europe’s top carmaker, were held on May 11 in a It was discussed in the meeting of the supervisory board.
The software has been a sore spot for Europe’s biggest carmaker since the use of illegal defeat devices as a result of the “Dieselgate” scandal at Volkswagen in 2015, the largest ever case.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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