Volvo Cars and Veoneer, the automotive safety equipment company, have completed the process of dividing up Zenuity, the 50-50 joint venture focused on the development of assisted and autonomous driving software.
Volvo Cars, the premium car maker, has completed the first strategic investment via its newly founded investment fund by taking a stake in Luminar, a leading start-up in the development of advanced sensor technology for use in autonomous vehicles.
Volvo Cars, the premium car maker, Autoliv, the world-leading automotive safety company, and NVIDIA, the AI and visual computing company, are teaming up to develop advanced systems and software for self-driving cars.
Volvo Cars, the premium car maker, believes governments and car makers should join hands in sharing traffic data to improve global traffic safety, Håkan Samuelsson, president and chief executive, told a conference at the European Commission in Brussels on Monday.
Sweden’s famed Nordic Model, which brings together the public sector, private sector and academia, provides a template for the rapid introduction of autonomous driving technologies worldwide, Håkan Samuelsson, president and chief executive of Volvo Cars, will say at a seminar on autonomous driving in Sweden this week.