By sharing data and technology, the two companies hope to produce autonomous cars. Although this is a lofty goal, Volkswagen has deep pockets. The world’s biggest automaker has 15 billion euros ($18.2 billion) dedicated for investments in ride-hailing, autonomous driving, digitalization, electric mobility, and other services in China by 2022.
Source: fortune.com
In the eyes of insurers, today’s self-driving vehicles are treated no differently than conventional cars when they’re involved in a collision, according to Maureen Brown of Munich Reinsurance America, a firm that insures a number of companies testing autonomous vehicles. And states that allow companies to test self-driving vehicles require them, as with human drivers, to have insurance. Every autonomous Uber vehicle, for example, is covered by commercial auto liability insurance that covers bodily injury (including death) and property damage.
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