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

Related Content

  • March 14, 2012
    Trends in automotive technology
    Continental has become a leading player in vehicle technology and telematics. The firm’s executive board chairman Elmar Degenhart describes to Jason Barnes Continental’s views on the ‘megatrends’ of the automotive industry Strategic moves to diversify Continental’s business from rubber-related products began in the late 1990s with the acquisition of ITT Teves and its brake business. This brought on board know-how relating to the then new electronic stability control (ESC) systems which today form an import
    Read More
  • February 1, 2012
    Intersection management, cooperative infrastructures - what next?
    What do recent vehicle recalls mean for future cooperative infrastructures? Anthony Smith takes a look. As ITS industry stakeholders converge on Amsterdam for the 2010 Cooperative Mobility Showcase, an unprecedentedly wide range of technologies will be on display demonstrating what might be achievable in the future from innovations based on Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communications.
    Read More
  • March 27, 2015
    University of Michigan’s M City to test autonomous driving
    The University of Michigan is creating the Mobility Transformation Center (MTC), in partnership with government and leading tech companies, as a means to test and develop the infrastructure and in-vehicle components to make autonomous vehicles a reality. M City, the nickname for the MTC, is a mock city that allows developers to test a fully autonomous driving experience in a real-world environment. With completion scheduled for July, the 32-acre facility on U of M’s North Campus will include buildings,
    Read More
  • October 19, 2015
    Motor insurance for autonomous vehicles ‘will shift from drivers to OEMs’
    Autonomous vehicles are likely to increase insurance claims related to product parameters rather than driver liability New analysis from Frost & Sullivan, Impact of Automated Vehicles on Motor Insurance Market, finds that motor insurers will move away from the driver-centric strategy to follow one or a combination of three models as automated vehicles become common: product-centric evaluation; brand-centric evaluation; system-centric evaluation.
    Read More

Highlighted Content