Volvo, Uber partner on self-driving cars

An Uber driver sits in his car near San Francisco International Airport on July 15, 2015. Uber and Volvo will invest a combined 300 million into a joint project to develop self-driving vehicles, the companies announced Thursday. In a statement, the companies said they will equip base vehicles with autonomous driving technology, ultimately moving toward manufacturing self-driving vehicles. Volvo will make the vehicles, while Uber purchases those vehicles and implement its own self-driving tech. "Over one million people die in car accidents every year," said Uber CEO Travis Kalanick in a statement.