SAN FRANCISCO Uber Technologies has signed another deal with a major automaker as the popular ride service accelerates efforts to build out one of the world’s first fleets of autonomous vehicles.Uber on Tuesday announced a partnership with Germany’s Daimler AG, maker of the luxury Mercedes-Benz cars and trucks. In the coming years, Daimler plans to incorporate its own self-driving Mercedes-Benz into Uber’s growing fleet of self-driving cars.Uber did not offer a specific timeline. Daimler is the first auto company to join Uber as it opens up its platform for manufacturers to introduce their own self-driving cars.Relationships with automakers are imperative to the San Francisco company’s self-driving car efforts. Although the ride-hailing service is pouring resources into developing autonomous technology a key component of its business strategy to rely less on human drivers it is not equipped to build the cars itself.”Auto manufacturers like DaimÂler are crucial to our strategy because Uber has no experience making cars and in fact, making cars is really hard,” Uber CEO Travis Kalanick said in a blog post.Such alliances are increasingly common between automakers and startups, as more traditional vehicle manufacturers perceive Silicon Valley firms as threats to their industry.Uber has self-driving car pilots available to riders in Pennsylvania and Arizona. The newest cars in those fleets are Volvos, the result of a $300 million deal between the two companies to develop autonomous cars together. The Volvos are equipped with self-driving technology created by Uber.However, unlike the Volvo deal, Uber will not own or manage the Daimler cars, and it will not be involved in the research and development of the self-driving technology for those cars.An Uber spokesman declined to comment on financial terms of the agreement.
Shares in U.S. private prison operators CoreCivic Inc and Geo Group, already buoyed by hopes they would profit from a Republican administration, may rise further on immigration curbs and narrow a valuation gap with REIT […]
BERLIN — Ivanka Trump said on Tuesday she was still in the process of defining her role as an informal White House adviser to her father Donald, and wanted to use her influence to help […]
Innovation, education and a culture of collaboration are key drivers of the Triangle’s success and should give us hope for recovery beyond the pandemic. We continue to see growth across the life sciences, technology and […]