Volvo to co-develop and sell autonomous driving tech

It’s a more common occurrence for car manufacturers to keep their autonomous driving technology to themselves. But Volvo is breaking away from that and is looking to sell the technology it develops with Swedish automotive safety supplier Autoliv. The two companies will move all their autonomous vehicle software development and intellectual property into this new joint venture. The venture will start off with 200 employees, which is split between existing staff of both companies, and will eventually grow to over 600 people. The company is expected to begin operations at the start of 2017. And they hope to sell the first of its products by 2019 with technologies becoming available by 2021. The joint venture’s headquarters will be in Gothenburg, Sweden a.k.a. Volvo’s hometown.

Source: The Verge