Partnership Deal between Aurora and Fiat Chrysler to Develop Self-Driving Vehicles
Self-driving vehicles are amongst the most stellar technologies in the automobile industry. Automobile manufacturers are focusing on building seamless and resilient self-driven cars. Autonomous vehicle technologies are continually being evolved across the automotive sector. Aurora entered the business of self-driving technologies with an ambitious roadmap. The company has performed commendably in the domain of self-driving technologies. Aurora has made another key advancement with regards to developing self-driving technologies. The company has entered into a contract with Fiat Chrysler Automobiles with the intent to manufacture self-driving vehicles. These vehicles shall essentially be used to cater to the commercial segments. The partnership between these two automobile experts is expected to pave way for business growth and development. Furthermore, both the companies can leverage each other’s finery with automotive technologies.
Terms of Agreement
Fiat Chrysler Automobiles has been at the forefront of growth in manufacturing commercial vehicles. The company manufactures trucks and cargo vans that are extensively used in the commercial sector. Aurora could combine its technological expertise with the manufacturing dynamics of Fiat Chrysler Automobiles. Self-driving cars are gradually gaining popularity across the globe, and there is a need for cutting-edge technologies. The partnership could help the commercial sector in getting improved self-driven delivery vehicles. The use of newly-developed vehicles by third-parties could help in generating business for the two firms.
Future Developments
Although the financial terms of the deal have not been revealed, the project could generate huge-scale revenues. Companies such as Amazon that require improved delivery vehicles can reap benefits from the partnership. It would be interesting to gauge the business prospects of the deal.