Volvo has signed a deal with Uber to supply the ride-hailing company with tens of thousands of "autonomous driving compatible" vehicles between 2019 and 2021, the 90-year-old car company announced Monday. The financial terms of the non-exclusive agreement were not disclosed. However, the massive deal, reportedly worth more than $1 billion for 24,000 vehicles, keeps Uber up to speed in the crowded race to bring self-driving vehicles to consumers. "The automotive industry is being disrupted by technology and Volvo Cars chooses to be an active part of that disruption," Volvo CEO Håkan Samuelsson said in a statement. "Our aim is to be the supplier of choice for AD ride-sharing service providers globally.
Nov-20-2017, 19:00:03 GMT