Fiat Teams With Silicon Valley's Aurora on Self-Driving Tech

Jun 11, 2019 187

BY: Gabrielle Coppola

Fiat Chrysler Automobiles NV is partnering with Silicon Valley startup Aurora Innovation Inc. to develop and deploy a fleet of self-driving commercial vehicles in a bid to catch up with other automakers that have invested heavily in the technology. The two companies signed an agreement to integrate Aurora’s self-driving platform into Fiat Chrysler’s commercial vehicle lines in the U.S. They didn’t disclose the dollar value of the agreement, specify the number of vehicles to be deployed or say by when.

“As part of FCA’s autonomous vehicle strategy, we will continue to work with strategic partners to address the needs of customers in a rapidly changing industry,” Mike Manley, Fiat’s chief executive officer, said in a statement. The announcement comes less than a week after the automaker’s talks to merge with Renault SA of France collapsed, raising questions about its ability to compete as a standalone company in an industry spending billions of dollars on future technologies.

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SOURCE: https://www.bloomberg.com

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