- Volkswagen AG’s (OTC: VLKAF) software company Car.Software Organisation extends partnership with Microsoft Corporation (NASDAQ: MSFT) to create a cloud-based Automated Driving Platform (ADP) on Microsoft Azure towards heightened advanced driver assistance systems (ADAS), and automated driving (AD) functions for passenger cars across Volkswagen Group brands.
- Volkswagen and Microsoft have been Volkswagen Automotive Cloud (VW.AC) partners since 2018.
- Volkswagen intends to invest around €27 billion by 2025 in digitalization and in-house software development in the car. The first VW.AC connected test fleets are likely to be rolled out by 2021, and the production rollout is slated for 2022.
- Price action: MSFT shares are up 0.4% at $243.8 in the pre-market session on the last check Thursday.
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