Parts Supplier to Challenge VW, Ford With $14 Billion Push Into Self-Driving Cars

Parts Supplier to Challenge VW, Ford With $  14 Billion Push Into Self-Driving CarsVolkswagen AG and Ford Motor Co. are set for more competition in the race to role out self-driving vehicles as parts supplier ZF Friedrichshafen AG develops its own offering in the latest sign of how technology shifts are upending traditional roles in the auto industry. ZF plans to invest 12 billion euros ($ 14 billion) over the next five years on electric and autonomous vehicle technology. The spending of about 2.4 billion euros annually outpaces the 2.2 billion euros ZF spent in overall research and development last year.

Yahoo Finance

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