Volvo, Autoliv to form self-driving car software company
Volvo Cars today announced a partnership with Swedish-American vehicle safety systems supplier Autoliv Inc. to form a new jointly-owned company to develop autonomous driving software.
The planned company, which has yet to be named, will have its headquarters in Gothenburg, Sweden and an initial workforce of about 200 taken from both firms. The new company is expected to start operations in early 2017, and then grow to more than 600 employees.
Autoliv develops and sells automotive safety systems for all major automotive manufacturers around the globe; it has 80 facilities with 60,000 employees in 29 countries.
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