VW to cut tie-up with Aurora following FCA-Aurora merger on self-driving

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VW to cut tie-up with Aurora following FCA-Aurora merger on self-driving

On Tuesday, the 11th of June 2019, world’s largest carmaker in terms of sales, Germany’s Volkswagen, had issued a statement saying that it had concluded its tie-up with Aurora, a US-based autonomous driving software developer.

Latest decision of Germany’s Volkswagen came forth just a couple of days after Italian-American carmaker Fiat-Chrysler had announced its merger with Silicon Valley start-up Aurora on self-driving software development.

In fact, earlier on Tuesday (June 11th), a Financial Times report had revealed that Volkswagen had been engaged in a merger talk with Ford Motor Co. in order to develop software for self-driving cars. Volkswagen’s statement of slashing its tie-up with US-based start-up Aurora came shortly after that, while referring to Aurora, a Volkswagen spokeswoman had been quoted saying “The activities under our partnership have been concluded”.

Adding that the Aurora continued to work with a wide-ranging automaker interested in self-driving technology, as a repercussion to its latest blow from German carmaker Volkswagen, Aurora said in a statement later on Tuesday (June 11th), “Volkswagen Group has been a wonderful partner to Aurora since the early days of development of the Aurora Driver”.

Aurora, which raised about a lump-sum of $530 billion on last February, had partnership with South Korea’s Hyundai Motor Co., and China’s Byton to develop and test self-driving software, aside from its latest tie up with Italian-American carmaker Fiat Chrysler.