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Aug 19, 2016  :   The Swedish carmaker, Volvo has recently announced that it will team up with taxi service provider Uber in a $300 million joint venture to develop and test autonomous automobiles. “Both Uber and Volvo will use the same base vehicle for the next stage of their own autonomous car strategies,” Volvo Cars, owned by China's Geely, said in a statement. It added, “This will involve Uber adding its own self-developed autonomous drivi ng systems to the Volvo base vehicle.” Read More Read Less

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