Volvo Cars to supply Uber with up to 24,000 self-driving cars

Niklas Pollard, Heather Somerville, writing for Reuters;

Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars.

Volvo XC90 from volvocars.com

From Volvo’s website, the base model XC90 T5 FWD Momentum have a $49,240 MSRP, while the top of the line 2018 XC90 T8 Plug-in Hybrid eAWD R-Design will have a $70,540 MSRP.

That’s more than $1.2 Billion in sales for Volvo in a span of 3 years (between 2019 and 2021).

Intel buys autonomous vehicle technology firm MobilEye

Daniel Morial, writing for Yugatech;

For $15.3B, Intel agreed to but Israeli autonomous vehicle technology firm MobilEye on Monday to develop driverless systems for automakers. MobilEye is one of the largest players in autonomous vehicle tech and it recently teamed with Intel on BMW’s iNext self-driving platform.

Another major technology company pouring tons of money in autonomous vehicle technology.