Work under the newly created joint venture, which will be headquartered in Gothenburg, Sweden, is due to begin in 2017. The team will consist of an initial workforce of around 200 experts taken from both companies, increasing to over 600 in the medium term. The new company will develop ADAS and autonomous drive systems for use in Volvo cars and for sale exclusively by Autoliv to all car makers globally, with revenues shared by both companies.
Meanwhile Volvo Cars is launching one of the largest engineering recruitment drives in its 89-year history, to boost the development of safety, autonomous driving and electrification technologies.
The company plans to recruit around 400 engineers in the next 12 months, primarily in the area of software development. The majority of these new experts will be based at the company’s R&D headquarters in Gothenburg.
In addition, the company has opened a new R&D center in Lund in southern Sweden, where the first 35 of these new employees are based.
September 7, 2016
