The race for attaining top position in the driverless commercial vehicle segment has become a highly competitive one with each auto giant and tech firm aiming to make a big name in it.
Italian-American automaker, Fiat Chrysler is coming together with Silicon Valley located start-up Aurora to get the big push in their efforts to make driverless cars. This deal the financial details of which remain undisclosed comes against the background of their failed deal with French automaker Renault which fell apart less than a week ago. The deal which if it had gone through would have helped the two auto makers to obtain strategy alignment on advances such as self-driving and electric cars.
Fiat Chrysler and Aurora signed on the dotted line on Monday and laid the foundation to a strong partnership in the driverless car segment. Aurora disclosed that the agreement would help them to enlarge their range of self-driving software and provide a wide array of options to valued clients in transit, logistics and other applications.
Fiat Chrysler CEO Mike Manley was all praise for Aurora which brought to the table a one-of-a-kind skillset and sophisticated technology that was in line and uplifted their philosophy on driverless vehicles.
The Palo Alto based Aurora had backing of strong names like e-commerce giant Amazon and venture capital company Sequoia when it raised $530 million in the earlier part of the current year. The company lays claim to having top talent who have worked with tech giants like Tesla, Alphabet and Uber.
Not to be left behind, Apple in the previous week was said to be thinking of buying self-driving shuttle service Drive.ai. The autonomous driving segment of the firm, Project Titan had restructured its organization in a major way in the earlier part of the current year which had about 200 employees laid off.