Volkswagen's New CEO Puts Self-Driving Car Plans Under Review

WSJ.com: WSJD - Technology 

BERLIN--Volkswagen AG Chief Executive Oliver Blume has put plans for a self-driving vehicle under review in the first sign since his appointment two months ago that he is walking back some of his predecessor's most ambitious technology ventures. Mr. Blume is likely to delay the Trinty self-driving electric car project and could cancel plans to build a new factory for the vehicle near its headquarters, people familiar with the matter said. In a message Thursday that was seen by The Wall Street Journal, Mr. Blume and VW brand CEO Thomas Schäfer told employees, "We are using this opportunity to review all projects and investments and determine whether they are viable." The move shows how Mr. Blume, who took the helm in September after the board ousted Herbert Diess, is beginning to reorder VW's most ambitious--and fraught--endeavors to focus on near-term implementation of key software and technology for coming models. A personal, guided tour to the best scoops and stories every day in The Wall Street Journal.

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