Autoliv, a provider of advanced driver assistance systems, and Volvo Cars, the car maker, have agreed to form a new jointly-owned company to develop next generation autonomous driving software.
The planned new company will have its headquarters in Gothenburg, Sweden, and an initial workforce taken from both companies of around 200, increasing to over 600 in the medium term. The company is expected to start operations in early 2017.
Once finalized, the joint venture will be a new entrant in the growing global market for autonomous driving software systems. It will mark the first time a leading premium car maker has joined forces with a tier one supplier to develop new advanced driver assist systems and autonomous driving technologies. [Read more…] about Volvo and Autoliv to create joint venture to develop autonomous driving technology