Volvo Cars and Autoliv JV to develop autonomous driving software

Automaker Volvo Cars and automotive safety systems supplier Autoliv are to set up a new jointly owned company to develop next-generation autonomous driving software. The planned new company will have its headquarters in Gothenburg, Sweden, and an initial workforce taken from both companies of around 200, increasing to more than 600 in the medium term. The company is expected to start operations in the beginning of 2017.
September 8, 2016 Read time: 2 mins

Automaker 7192 Volvo Cars and automotive safety systems supplier 4171 Autoliv are to set up a new jointly owned company to develop next-generation autonomous driving software.

The planned new company will have its headquarters in Gothenburg, Sweden, and an initial workforce taken from both companies of around 200, increasing to more than 600 in the medium term. The company is expected to start operations in the beginning of 2017.

The joint venture will create a new entrant in the growing global market for autonomous driving software systems. It marks the first time a leading premium car maker has joined forces with a tier-one supplier to develop new ADAS and AD technologies.

The new company, which has yet to be named, will develop advanced driver-assistance systems (ADAS) and autonomous drive (AD) systems for use in Volvo cars and for sale exclusively by Autoliv to all car makers globally, with revenues shared by both companies.

The joint venture will bring together two global leaders in automotive safety, underlining the contribution ADAS and AD can make to road safety, and speeding up the development and introduction of fully autonomous cars.

Both Autoliv and Volvo Cars will licence and transfer the intellectual property for their ADAS systems to the joint venture. From this base, the company will develop new ADAS technologies and AD systems. It expects to have its first ADAS products available for sale by 2019, with AD technologies available by 2021.

Location Based Systems

For more information on companies in this article

Related Content

  • News from transportation associations around the world
    February 6, 2012
    Why is the International Road Federation (IRF) moving into the ITS sector? Caroline Visser, road finance specialist from the IRF's Geneva Programme Centre explains
    Read More
  • Over 700,000 crashes avoided every year in the US thanks to ADAS, predicts new report
    May 19, 2017
    A new study by Ptolemus Consulting Group predicts that advanced driver assistance systems (ADAS) will have a considerable impact on safety and the potential to reduce accidents. The firm’s Autonomous Vehicle Global Study provides a comprehensive analysis of the timeline, volumes and impacts of the upcoming automation revolution. It quantifies country-by-country the roll-out of ADAS and autonomous vehicles (AVs) and estimates their impact on driver safety. By 2030, Ptolemus forecasts that there will be more
    Read More
  • Include ITS in policy decisions from the start, not as an afterthought
    February 1, 2012
    DG TREN's Fotis Karamitsos, on why the European Commission's new ITS Action Plan is looking to the past for future direction. The European Commission's (EC's) new Action Plan for the Deployment of Intelligent Transport Systems in Europe, which was announced as 2008 drew to a close, intends that transport and travel become 'cleaner; more efficient, including energy efficient; and safer and more secure'. At first sight, that wording might be interpreted as marking a significant policy shift within Europe, wit
    Read More
  • Road safety systems on show at ITS World Congress
    January 30, 2012
    A vast array of new products and systems for aiding road safety were displayed at the ITS World Congress in October. David Crawford assesses a selection of safety initiatives exhibited in Orlando. Vital roles for ITS applications in road traffic safety emerge clearly from a new report from the US Transportation Safety Advancement Group. The report has been carried out for the Next Generation 911 What's Next Forum, which is preparing the way for future development of the US national 911 emergency single call
    Read More

Highlighted Content