The Car and Truck Fleet and Leasing Management Magazine

Volvo, Autoliv Team to Develop Autonomous Driving Software

January 03, 2017

(l-r) Jan Carlson, chairman, chief executive and president of Autoliv, with Hakan Samuelsson, president and chief executive of Volvo Cars. Photo courtesy of Volvo.
(l-r) Jan Carlson, chairman, chief executive and president of Autoliv, with Hakan Samuelsson, president and chief executive of Volvo Cars. Photo courtesy of Volvo.

Volvo Cars and automotive safety system supplier Autoliv have formally agreed to establish a joint venture focused on developing software for autonomous driving and driver assistance systems, Volvo said.

Named Zenuity, the joint venture represents “the first time a leading premium car maker has joined forces with a tier one supplier to develop new advanced driver assist systems (ADAS) and autonomous driving (AD) technologies,” Volvo said in a released statement.

Autoliv’s involvement will include cash investment (1.1 billion Swedish Krona), but Volvo’s contribution will not. The automaker said it will “contribute certain intellectual property assets and human resources to the joint venture, but no cash.” The companies will share ownership, split 50/50.

Zenuity will be headquartered in Gothenburg, Sweden, but will also have operations in Munich, Germany, and Detroit. The initial workforce of 200 people will come from both Volvo Cars and Autoliv.

Zenuity is expected to grow to more than 600 employees. Operations are due to start during the first half of 2017, Volvo said.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Management And Leasing Experts

The expert, Merchants Experts, will answer your questions

View All
Sponsored by

Henry Paetzel was the manager of automotive services at  General Mills until he retired from the company in 2007.

Read more

Accident Costs Calculator

DO YOU KNOW HOW MUCH REVENUE IT TAKES TO OFFSET FLEET ACCIDENT COSTS?
Use this calculator to see how much extra sales revenue your company needs to generate to make up for the profits lost as a result of fleet accidents.
Launch Accident Cost Calculator 

Up Next

More From The World's Largest Fleet Publisher