May 1, 2020 / 10:53 AM / a month ago

Volkswagen trucks boss sees autonomous investments under pressure: Spiegel

FILE PHOTO: A general view of the Volkswagen construction plant which reopened after closing down last month due to the coronavirus disease (COVID-19) outbreak in Bratislava, Slovakia April 28, 2020. REUTERS/Radovan Stoklasa/File Photo

FRANKFURT (Reuters) - Autonomous vehicle technologies will be among the first to be starved of investment as the auto and truck industry seeks to conserve cash to survive the coronavirus pandemic, Volkswagen’s (VOWG_p.DE) truck unit Traton (8TRA.DE) told Der Spiegel.

“If investments get postponed, then it will be into autonomous driving,” Traton Chief Executive Andreas Renschler told the German paper.

Reporting by Edward Taylor; Editing by David Goodman

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