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Volvo and Autoliv join forces to develop driverless car tech

Wednesday 07 September 2016, By AutoVolo

Volvo and Autoliv join forces to develop driverless car tech

Volvo and Autoliv join forces to develop driverless car tech

Volvo has announced a tie-in with automotive safety systems firm Autoliv, which will see the two companies collaborate to develop software for autonomous vehicles.

A letter of intent has been signed by the two firms as they bid to become leaders in the field of driverless cars.

The joint venture is yet to be named, but Volvo has said that it will be based in Gothenburg and headed up by Dennis Nobelius, who is currently Volvo Switzerland’s managing director. The company is expected to employ around 200 people when it begins work in 2017.

According to a Volvo statement, the new firm will be tasked with developing advanced driver-assistant systems (ADAS) and autonomous drive (AD) software for Volvo’s future autonomous vehicles. These will then be sold to other car makers, with the profits split between Volvo and Autoliv.

Volvo hopes the joint venture will help promote the capabilities of ADAS and AD in terms of improving road safety, as well as bringing autonomous cars closer to fruition.

Volvo’s president and chief executive, Håkan Samuelsson, said: “By combining our know-how and resources, we will create a world leader in AD software development. This means we can introduce this exciting technology to our customers faster.”

Jan Carlson, chairman, chief executive and president of Autoliv, added: “There are no two companies that can claim to have done more for automotive safety worldwide than Autoliv and Volvo. This new company is a recognition of the fact that autonomous driving is the next step to transform road safety.”