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

  • U-blox acquires 4M Wireless
    April 24, 2012
    Switzerland-headquartered U-blox has announced the acquisition of UK-headquartered 4M Wireless, a company that designs and develops leading software and test solutions that are crucial for developing fourth generation (4G) mobile wireless devices based on the latest Long Term Evolution (LTE) standards. The acquisition will give U-blox ownership of advanced protocol stacks that are licensed to chipset vendors whose products enable 4G user equipment for applications with needs for high speed data connectivity
    Read More
  • UN regs for safe Level 3 lane-keeping agreed
    July 14, 2020
    Strict requirements adopted for driver-assist in passenger cars
    Read More
  • VMS can counter small screens’ big problems
    June 9, 2015
    Lacroix Trafic’s Steve Collins believes the improving trends in road safety could go into reverse unless authorities make full use of the latest LED technology to meet drivers’ information needs. Road authorities and vehicles manufacturers could and should be far more active in countering some of the transportation industry’s major problems, according to Steve Collins export sales director at Lacroix Trafic.
    Read More
  • More than half of UK’s new cars sold with autonomous safety tech
    April 4, 2016
    Self driving cars may seem years away, but more than 1.5 million UK motorists a year now leave showrooms in cars featuring self-activating safety systems, according to analysis revealed by the Society of Motor Manufacturers and Traders (SMMT).

    Data from SMMT and JATO Dynamics shows that more than half of new cars registered in 2015 were fitted with safety-enhancing collision warning systems, with other technologies such as adaptive cruise control, autonomous emergency braking and blind spot monitoring also surging in popularity.
    Read More

Highlighted Content