Uber plans to buy 24000 self-driving cars from Volvo

Volvo sells'tens of thousands self-driving cars to Uber

Its primary rival, Lyft, just struck a research agreement with Waymo this year, as well as secured deals with Ford, Nutonomy, and Silicon Valley startup Drive.ai to incorporate self-driving cars into its growing fleet.

Anthony Levandowski, who used to work for Waymo, left the company in January 2016 to found self-driving start-up Otto, which Uber swiftly purchased in July a year ago for $700m (£558m).

That includes Uber, which Monday announced a new deal with Volvo.

The statement said that "Volvo Cars' engineers have worked closely together with engineers from Uber to develop the XC90 premium SUVs that are to be supplied to Uber".

The Swedish automaker confirmed it had entered into an agreement to supply Uber with up to 24,000 of its flagship XC90 SUVs cars, complete with autonomous technology. The Volvo XC90 is already the base of Uber's current self-driving test auto.

Airbus Just Outdid Boeing with a Massive Airplane Deal
Emirates now relies exclusively on the Airbus 380 and the Boeing 777 for its flights, making it the largest operator of both. American Airlines in 2011 ordered 460 new planes in a single deal, but that was spread between both Boeing and Airbus .

Miller said the company hasn't determined which cities the self-driving Volvos will operate in, but noted that the company's initial focus will likely be in the United States, where Uber has test fleets in San Francisco, Phoenix and Pittsburgh.

No financial details were disclosed for the purchase, which would be a massive new investment for Uber and mark a change from Uber's long-standing business model where contractor drivers buy or lease and maintain their own cars.

Without the cost of having to pay a driver, self-driving taxis are expected to cost significantly less than traditional taxi and Uber rides. The non-exclusive and non-binding deal would take things a giant step forward and allow Uber to launch autonomous operations on a commercial level starting in 2019.

Virtually every major automaker is now working on some form of autonomous program, as are numerous automotive suppliers and new entries into the automotive world.

Uber, which didn't put a time frame on when it might introduce driverless rides, said its approach means anyone in the industry can "deploy its tech".

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