Volvo is set to join forces with Uber to force advance driverless technology and the development of an autonomous taxi service.
It is expected the automaker will invest around $300 million to work with Uber and the autonomous vehicle will be based on the Volvo XC90 SUV.
Volvo’s chief executive, Hakan Samuelsson, said: “Volvo is a world leader in the development of active safety and autonomous drive technology, and possess an unrivalled safety credibility. This alliance places Volvo at the heart of the current technological revolution in the automotive industry.”
The chief executive of Uber, Travis Kalanick, said: “Over one million people die in car accidents every year. These are tragedies that self-driving technology can solve, but we can’t do this alone. That’s why our partnership with a great manufacturer like Volvo is so important.”