Uber Will Soon Have Thousands of Self-Driving Volvos

Swedish automaker Volvo Cars said on Monday that it has signed an agreement to sell "tens of thousands" of self-driving-capable Volvos to ride-hailing giant Uber Technologies.

It's a big step for Uber, which began working with Volvo last year to develop vehicles that can be retrofitted with Uber's proprietary self-driving system. And, of course, it's a plum for Volvo and its corporate parent, Chinese automaker Geely Automotive Holdings (NASDAQOTH: GELYF).

Here's what we know.

Source: Fool.com