Volvo to supply Uber with self-driving cars (Update)

Swedish carmaker Volvo Cars said Monday it has signed an agreement to supply "tens of thousands" of self-driving cars to Uber, as the ride-sharing company battles a number of different controversies. Volvo--which is owned by China's Geely and has yet to build a self-driving system--said in a statement that it would supply Uber with "autonomous driving compatible base vehicles between 2019 and 2021." Uber would then add its own software system to enable the cars to drive pilot-less. When contacted by AFP, a Volvo spokesman did not specify the exact number of cars, but a source familiar with the matter said it could be around 24,000. Neither Volvo nor Uber released financial details, but based on list prices for the cars the deal could be worth more than $1 billion (around 850 million euros).