Green Car Congress

APRIL 18, 2017

Zenuity, the joint venture between Volvo Cars and Autoliv, Inc. Zenuity is a new entrant in the growing global market for autonomous driving software systems. At the same time Volvo Cars will contribute intellectual property, know-how and personnel into the joint venture. earlier post ) has begun operations.

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Green Car Congress

DECEMBER 20, 2016

Volvo Cars has raised SEK5 billion (US$533 million) from the sale of newly-issued preference shares to a group of Swedish institutional investors. The issuance has been conducted to further diversify Volvo Cars’ long-term funding sources. Operating profit for the first nine months of the year was SEK7.7

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Volvo Cars Sale Europe 150

Green Car Congress

DECEMBER 14, 2016

Uber is expanding its self-driving pilot to San Francisco, California, using specially-converted self-driving Volvo XC90 premium SUVs. Volvo Cars and Uber are contributing a combined US$300 million to the project. Both Uber and Volvo will use the same base vehicle for the next stage of their own autonomous car strategies.

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Green Car Congress

JANUARY 3, 2017

Volvo Cars, and Autoliv signed a final agreement to establish a new joint venture called Zenuity to develop software for autonomous driving (AD) and driver assistance systems (ADAS), based on the letter of intent announced during fall 2016. As previously announced, Autoliv and Volvo Cars will own the joint venture 50/50.

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Cars That Think

OCTOBER 1, 2021

In early 2019, Reuters estimated that the top 29 global auto manufacturers had already pledged to invest more than $300 billion towards developing electric vehicles (EVs) and supporting technologies including autonomous driving capability. Yet, even with the global EV market share projected to grow from only about 2.6

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