Ron Burgundy Posted August 18, 2016 Share Posted August 18, 2016 By Alistair Scrutton STOCKHOLM (Reuters) - Volvo Car Group has agreed a $300 million alliance with Uber to develop self-driving cars, the latest move by traditional vehicle manufacturers to team up with Silicon Valley firms seen as threats to their industry. The partnership will allow the Swedish-based carmaker, owned by China's Geely, and ride-hailing service Uber to pool resources into initially developing the autonomous driving capabilities of its flagship XC90 SUV model. Carpooling firms have formed alliances with large automakers to accelerate efforts to launch an autonomous car, a technology which depends on vehicle software and hardware working together to give a vehicle the right reflexes in traffic. View the full article Quote Link to comment Share on other sites More sharing options...
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