Volvo Signs Deal To Sell Upto 24,000 Autonomous Cars To Uber
Ride Hailing Giant- Uber swung one of the largest deals for autonomous vehicles on Monday, ordering 24,000 vehicles from Volvo — a move that is expected to advance the case for self-driving cars on American streets.
Passengers can already hail a ride inside a driverless taxi in a small number of U.S. cities most prominently Pittsburgh — but not without a human operator inside the vehicle. The agreement will allow Uber to buy Volvo’s XC90 sport-utility vehicles with autonomous technology from 2019 to 2021
This deal could set the stage for something entirely new: thousands of autonomous vehicles ferrying paying customers to their destinations without a human operator, the beginning of a multibillion-dollar robot revolution that could dramatically reconfigure how people get from one place to another.
The deal also puts Volvo into a dilemma, as it would be selling cars to Uber — whose goal is to dramatically reduce the number of people who own cars. But the auto manufacturer, which is headquartered in Sweden but owned by a Chinese investment group, said it could no longer avoid the inevitable.