Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Volkswagen to test self-driving cars

Leading carmakers have been pouring huge sums into trying to develop self-driving technology. (AFP)
  • The vehicles will collect data during the trials and, in the initial test phase, will have human safety drivers, VW said.
  • "Moving into this next phase will help us test, validate and refine technology," said Christian Senger, a Volkswagen official.

Frankfurt, Germany – German auto giant Volkswagen said Thursday it will start testing self-driving vehicles in Texas this month, and plans a commercial launch in the state in 2026.

Ten ID Buzz electric minivans will be used in the trials in the state’s capital, Austin, the car giant’s first autonomous driving test program in the United States.

They will be fitted with a self-driving platform developed by VW and its partner, technology firm Mobileye, said Volkswagen in a statement.

The vehicles will collect data during the trials and, in the initial test phase, will have human safety drivers, VW said.

Over the next three years, Volkswagen’s American subsidiary plans to grow its test fleet in Austin and expand trials to at least four more US cities.

“Moving into this next phase will help us test, validate and refine technology,” said Christian Senger, a Volkswagen board member responsible for development of autonomous driving.

It will “bring us closer to establishing commercially available transportation offerings,” he added.

A commercial launch of self-driving vehicles in Austin is planned for 2026, Volkswagen said.

The 10-brand group — which includes Porsche, Skoda and Seat — said it selected Austin as its first US hub for self-driving tests as it has a track record of offering a conducive climate for such trials.

Leading carmakers have been pouring huge sums into trying to develop self-driving technology, although they have struggled to meet deadlines.