Volvo, Uber to Jointly Develop Autonomous Sport-Utility Vehicles - News Summed Up

Volvo, Uber to Jointly Develop Autonomous Sport-Utility Vehicles


Volvo Car Corp. and ride-hailing giant Uber Technologies Inc. have signed a $300 million agreement to co-develop autonomous sport-utility vehicles that will either be used as self-driving taxis or sold to consumers. The two companies will announce the joint project Thursday, saying the Swedish auto maker will conduct much of the initial engineering on a platform for an XC90 SUV that is capable of piloting itself. At some point, Uber...


Source: Wall Street Journal August 18, 2016 11:03 UTC



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