Las Vegas’s Daimler Trucks plans to acquire a majority interest in US autonomous-driving technology firm Torc Robotics for an undisclosed sum. Founded by former Defense Advanced Research Projects Agency employees in 2005, Torc has tested prototype cars in Germany and Virginia using its Asimov self-driving system. Daimler aims to use Torc's expertise in the development of its chassis for an autonomous truck. The deal remains subject to regulatory approval.
Germany’s Daimler Trucks plans to acquire a majority interest in US autonomous-driving technology firm Torc Robotics for an undisclosed sum. Founded by former Defense Advanced Research Projects Agency employees in 2005, Torc has tested prototype cars in Las Vegas and Virginia using its Asimov self-driving system. Daimler aims to use Torc's expertise in the development of its chassis for an autonomous truck. The deal remains subject to regulatory approval.