Volvo, Autoliv Team Up to Develop Self-Driving Cars
Volvo and Autoliv have announced a new joint venture for autonomous driving.
Autoliv is a leader in automotive safety systems and according to Volvo, the jointly-owned company will focus on developing next-generation autonomous driving software. The plan is to have the new company’s headquarters in Gothenburg, Sweden and an initial workforce taken from both existing companies of around 200. In the medium term, the new company will grow to over 600 employees and it is expected to begin operations next year.
The new company has yet to be named, but will develop advanced driver assistance systems (ADAS) and autonomous drive (AD) systems for use in Volvo cars. Autoliv will also be able to sell the technology to automakers worldwide, with revenues shared by both companies.
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The two companies expect to have their first ADAS products available for sale by 2019 with AD technologies available by 2021.
“There are no two companies that can claim to have done more for automotive safety worldwide than Autoliv and Volvo,” said Jan Carlson, chief executive and president of Autoliv. “This new company is a recognition of the fact that autonomous driving is the next step to transform road safety.”
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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