Volvo Cars and Autoliv to create joint venture for autonomous driving
1:00 PM | September 6 2016

Volvo Cars and Autoliv to create joint venture for autonomous driving

Volvo Cars, the global premium carmaker, and Autoliv Inc., the worldwide leader in automotive safety systems, have announced the formation of a joint venture to develop next generation autonomous driving and advanced drivers assistance systems.

Håkan Samuelsson, president and chief executive of Volvo Cars, said: “By combining our know how and resources we will create a world leader in AD software development. This means we can introduce this exciting technology to our customers faster.”

The new company will have its headquarters in Gothenburg, Sweden, and provide systems for use in Volvo Cars and for sale exclusively by Autoliv to all carmakers globally.

Jan Carlson, chairman, chief executive and president of Autoliv, said: “There are no two companies that can claim to have done more for automotive safety worldwide than Autoliv and Volvo. This new company is a recognition of the fact that autonomous driving is the next step to transform road safety.”

Autoliv will be the exclusive supplier and distribution channel for all the new company’s products towards third parties, except Volvo Cars which will source directly from the new company. Its management will comprise of representatives from Autoliv and Volvo Cars.