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Volvo, Uber strike deal to develp autonomous cars

2016-08-18 20:10:00| Telecompaper Headlines

(Telecompaper) Volvo Cars and ride-sharing company Uber have established a joint project to develop autonomous driving cars. The base vehicles will be manufactured by Volvo Cars and then purchased from Volvo by Uber. The companies will contribute a combined USD 300 million to the project, which they view as the beginning of a longer term industrial partnership.

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