VW’s Traton Group strikes a deal with TuSimple to develop autonomous trucks

The Traton Group, Volkswagen AG’s heavy-truck business, has taken a minority stake in TuSimple  as part of an agreement between the two companies to develop self-driving trucks.

Neither company disclosed the financial terms of the partnership or the percentage of the minority stake. Traton did make a direct capital investment into TuSimple, according to one unnamed source familiar with the deal. It’s unclear if it also included in-kind contributions.