Delphi buys self-driving technology firm nuTonomy for US$450 million

Delphi buys self-driving technology firm nuTonomy for US$450 million

A self-driving car being developed by nuTonomy, a company creating software for autonomous vehicles, is guided down a street near their offices in Boston, Massachusetts, U.S., June 2, 2017. REUTERS/Brian Snyder
DETROIT: Delphi Automotive Plc will buy self-driving software startup nuTonomy for US$450 million, it said on Tuesday, helping the auto supplier put automated vehicles into commercial use in 2019, a year earlier than planned.Boston-based nuTonomy is developing software systems to operate self-driving cars and manage commercial fleets of those vehicles.Both Delphi and nuTonomy have been testing self-driving cars in Singapore and Boston.Delphi said nuTonomy would continue to operate as an independent unit in Boston, in cooperation with Delphi's Ottomatika software unit in Pittsburgh.
Source: Reuters
 Source : http://www.channelnewsasia.com/news/business/delphi-buys-self-driving-technology-firm-nutonomy-for-us-450-million-9340684