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VW, Bosch to cooperate on automotive software program, report says

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Cariad ranks excessive on VW Group’s transformation agenda, with CEO Herbert Diess taking over accountability for the unit on the group’s administration board as a part of a reshuffle.

Diess sees software program as the important thing future battleground of the automotive business, starting from working techniques to allow autonomous driving to software program providers that may be put in over the air.

Cariad, which will get 2.5 billion euros ($2.8 billion) in funds from VW annually, declined to remark.

Bosch was not instantly accessible for remark.

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