Auto companies spending billions of dollars on self driving technology

Published: Oct. 27, 2022, 8:16 p.m.

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A startup company backed by Volkswagen and Ford that hoped to put self-driving vehicles on the streets is shutting down. The news comes as federal officials are launching a criminal probe into Tesla into the company's claims about it's vehicles ability to drive themselves.

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For more, Liz Saint john spoke with Bloomberg News autos reporter David Welch.

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