USA: Volkswagen Group of America (VWGoA) announced the expansion of its automotive research initiatives with the contribution of $1.7 million to Stanford University.
The latest investment broadens an existing partnership as Volkswagen Group continues to explore the next frontier in automotive innovation. With this contribution, new research will begin in the areas of virtual intelligence, material research, data security, and vehicle dynamics. In addition to research projects, the contribution will go towards programs to help educate future engineers in computer science and electromechanical design giving them the tools to push the boundaries of automotive innovation.
Highlighting its commitment to the North American market, Volkswagen plans to invest more than $5 billion in North America over the next three years in new products, technologies and infrastructure aimed at helping the company reach its long-term goals for the region.
In addition to the research partnership, Volkswagen Group announced the appointment of Prof. Dr. Martin Winterkorn, chairman of the board of management, Volkswagen, to Stanford Engineering's Advisory Board. As a member of the Stanford Advisory Board, Prof. Dr. Winterkorn will offer perspective from the vantage point of a leading global corporation on broad strategic issues facing the school, its programs, and resources.