The deal stipulates that the two will work together on developing a base vehicle that can be retrofitted with the latest and greatest automatic-driving tech as it advances. The cars will be manufactured by Volvo, and then purchased by Uber. It's a boon for both companies: Uber gets spiffy new vehicles to test out the bold and innovative self-driving systems it's been iterating since 2015, and Volvo gets a good chunk of money to put toward furthering its own autonomous-driving technologies.
If you make your living driving for Uber, it might be time to put feelers out for a new gig: the company's been pretty upfront about its plans to eventually replace its million-plus human drivers with a fully autonomous fleet. Its ultimate goal, according to CEO Travis Kalanick, is to make the roads safer for everybody, pointing to how self-driving tech can help eliminate some of the million-plus deaths caused by car accidents every year. "Volvo is a leader in vehicle development and best in class when it comes to safety. By combining the capabilities of Uber and Volvo we will get to the future faster, together," he said.