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

  • CES 2023: for more info see Here
    January 6, 2023
    ADAS, mapping and road safety alerts are among the tech firm's launches in Las Vegas
    Read More
  • Driverless vehicles just around the corner?
    February 28, 2013
    umors that self-driving taxis are about to hit the streets of Las Vegas have turned out to be untrue… but the age of the driverless vehicle is only just around the corner, as Pete Goldin finds out. From Herbie the Love Bug to Knight Rider to the cast of the Pixar film Cars, the autono­mous auto has long been a beloved icon in the entertainment industry. But how close is the fiction to fact? The general public might be surprised to find out just how soon autonomous vehicles could be driving on our roadways.
    Read More
  • Volvo selects V-Traffic services
    June 24, 2013
    Volvo Cars Finland is to enhance its 2014 models by including Mediamobile’s V-Traffic TMC real time traffic information on all cars equipped with Sensus infotainment and RTI navigation systems. The V-Traffic Premium TMC service provide drivers with real-time information on traffic incidents on the Finnish main road network and improves turn by turn navigation by estimating the best route and estimated travel time depending on traffic conditions. "The Volvo Sensus infotainment system with its many options is
    Read More
  • Hamburg’s on-demand alternative to commuting by car
    December 5, 2017
    As Hamburg is confirmed as the host for the 2021 ITS World Congress, David Crawford looks at the city’s moves towards enabling MaaS-type operations. Germany’s second-largest city, Hamburg, is pinning its civic reputation on having its promised all-electric, on-demand, shuttle bus ridesharing service up and running by 2018. Partners in the three-year project are regional metro and bus service provider Hamburger Hochbahn and Volkswagen Group’s Berlinbased mobility innovation subsidiary Moia, which was set
    Read More

Highlighted Content