- The Geely-owned car company will provide the vehicles, while Uber will provide the yet-to-be-built self-driving system, which is currently under development by Uber’s Advanced Technologies Group. 171 more words
HELSINKI (AP) — Volvo Cars said Monday it will sell tens of thousands of self-driving cars to Uber, which is expanding to become an operator and owner of its own car fleet. 194 more words
Volvo will supply ride-sharing company Uber 24,000 Volvo XC90s with self-driving hardware from 2019 to 2021.
According to Volvo boss, Hakan Samuelsson, “The automotive industry is being disrupted by technology and Volvo Cars chooses to be an active part of that disruption.” Rightfully so, as Volvo is one of the leaders in active safety systems in vehicles, such as being one of the first companies to offer automatic emergency braking in the industry. 853 more words
Starting 2019 Volvo will start delivering on order of 24,000 self-driving vehicles to Uber. A non-binding framework between the two companies was announced today. The cars are XC90, SUVs that Uber already uses today for its self-driving technology development. 218 more words
Volvo announced an agreement today to supply Uber with 24,000 of fully self-driving cars between 2019 and 2021, The Wall Street Journal first reported.
While Volvo didn’t disclose financial terms, but the Journal estimates the deal to be worth just over $1 billion, about 4.5 percent of Volvo’s current annual sales. 296 more words