Economy

Fiat Chrysler in talks with Aurora on autonomous vehicles

Fiat Chrysler in talks with Aurora on autonomous vehicles

Just days after breaking off merger talks with French carmaker Renault, Fiat Chrysler Automobiles has reached an agreement to source self-driving technology from a California startup, Aurora Innovation.

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 in this space to address the needs of consumers in a rapidly changing industry", said FCA CEO Mike Manley.

Aurora's co-founders, Sterling Anderson had led the design, development of Tesla Model X and led the team that delivered the Tesla Autopilot and Chris Urmson helped found, lead and the served as chief officer for self-driving cars at Alphabet, now the parent company of Google. It designs, manufactures, and sells or distributes vehicles under the Chrysler, Dodge, Jeep®, Ram, FIAT and Alfa Romeo brands, as well as the SRT performance designation.

Fiat Chrysler has an existing partnership with Waymo, Alphabet's self-driving unit, in which it supplies Chrysler Pacifica hybrid minivans for Waymo's driverless fleet, which is now in operation in Arizona.

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But a document published Wednesday on Duda's official website entitled "Joint Declaration on Defense Cooperation Regarding U.S. With the Kremlin vowing to respond with new nuclear missile deployments, president Barack Obama abandoned the project.

FCA's merger proposal called for the creation of a company 50 percent owned by FCA shareholders and 50 percent by Renault shareholders. FCA US is a member of the Fiat Chrysler Automobiles N.V. (FCA) family of companies.

Fiat Chrysler will form an alliance with autonomous vehicle start-up Aurora to develop technology for commercial vehicles that could range from hands-free taxis to driverless delivery trucks.

Aurora is developing hardware, software and data services.

The partnership is the latest in a steady stream for Aurora, which already has deals in place with Volkswagen, Hyundai and Byton. Earlier this year it raised $530 million through a Series B funding round, with Amazon one of its key investors.