© Reuters.  Volvo to supply Uber with self-driving cars© Reuters. Volvo to supply Uber with self-driving cars

  • Volvo (OTCPK:GELYF) strikes a deal to supply Uber (Private:UBER) with tens of thousands of self-driving cars after autonomous models from the automaker are ready for production.
  • “Everything we’re doing right now is about building autonomous vehicles at scale,” says Uber exec Jeff Miller in a dramatic statement.
  • Uber and Volvo have been partnering on autonomous R&D for over two years. Uber also has partnership with Daimler (OTCPK:DDAIF), while rival Lyft (Private:LYFT) has tie-ups with General Motors (NYSE:GM), Jaguar Land Rover and Ford.
  • Now read: Geely: Long-Term Prospects Still Undervalued

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