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The auto industry faces a new wave of consolidation as cars become electric, connected and add highly automated driving functions, Alexander Hitzinger, head of Volkswagen's Project Artemis said on Wednesday. Project Artemis is VW's attempt to do just that. "Cars are so complex that the traditional concept where you outsource to tier one manufacturers does not work any more," Hitzinger explained in a Webcast.
Continue reading The complexity of new cars will lead to consolidation, says VW's Hitzinger
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The complexity of new cars will lead to consolidation, says VW's Hitzinger
