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

  • EV rental agreement for Europe
    April 17, 2012
    Opel/Vauxhall, one of Europe’s largest automakers, and leading car rental company Europcar, have announced an agreement to introduce the Opel/Vauxhall Ampera as a rental car throughout Europe. The intention is to deploy the first vehicles in Europcar rental outlets in Germany in November of this year, followed soon afterwards by Belgium and the Netherlands. The Opel/Vauxhall Ampera will then be rolled out throughout France, Italy, Portugal, Spain and the UK from the beginning of 2012.
    Read More
  • Ertico is looking east: here’s why
    March 3, 2020
    The first Central Eastern Congress on ITS is to be held in Russia in September. Jacob Bangsgaard, CEO of Ertico – ITS Europe, tells Adam Hill why the event is necessary – and what visitors can expect
    Read More
  • Teledyne to acquire Flir for $8bn
    January 6, 2021
    The two companies' various camera and sensor products have 'minimal overlap', they insist
    Read More
  • Intelligent intersection control
    April 12, 2013
    Intelligent intersection control systems have a growing role to play in making urban traffic more efficient. Robin Meczes reports. The idea of every traffic light turning green as you approach it has long been a dream for many an urban driver – and none more so than those driving heavy goods vehicles (HGVs), which are slow and difficult to bring to a halt and then accelerate back to normal travel speed. But that dream has become a reality for some drivers in a small number of cities around Europe in the las
    Read More

Highlighted Content