VW acquires minority interest in AV software company

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The Volkswagen Group has acquired a non-controlling interest in FDTech, a company with 30 employees that develops algorithms for automated driving and was founded in 2017 in Chemnitz, Germany.

Friedrich Eichler, head of chassis development at VW, said, “We are working flat out to integrate highly automated driving in the next generation of Volkswagen cars. Through our participation in FDTech, we have gained further essential expertise. The company from Saxony is a fantastic example of the innovative power of German small and medium-sized companies. We will combine this innovative power with our performance capabilities as a global mobility company.”

Karsten Schulze, MD of FDTech, said, “We are a young, dynamic company with more than 20 years of experience in the field of driver assistance and automated driving. Our mission is to make automated, networked mobility available to everyone. The participation of Volkswagen will assist us in realizing our ambitious growth plans. We want to be one of the driving forces in automated driving in the technology region of Saxony.”

By Illya Verpraet

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