Volvo Group invests in Israeli cyber security firm, establishes separate autonomous-transport division

Volvo

Volvo Group said its venture capital arm has invested in Israeli automotive cybersecurity specialist Upstream Security. It also announced that it would form a dedicated new business arm for autonomous vehicles.

Volvo Group said its venture capital arm has invested in Israeli automotive cybersecurity specialist Upstream Security. It also announced that it would form a dedicated new business arm for autonomous vehicles. Volvo Group CEO Martin Lundstedt said the establishment of a dedicated business unit with a separate P&L responsibility was “a logical next step.”

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