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Daimler to invest $573 million to develop highly autonomous trucks

The move that will create more than 200 jobs

A Daimler sign name is pictured during the company's annual news conference in Stuttgart, Germany
A Daimler sign name is pictured during the company's annual news conference in Stuttgart, Germany
Reuters Frankruft
Last Updated : Jan 08 2019 | 12:04 AM IST

German luxury carmaker Daimler will invest 500 million euros ($573 million) in the coming years to develop highly autonomous trucks, it said on Monday, a move that will create more than 200 jobs.

The spending plans are part of Daimler's "global push to bring highly automated trucks (SAE level 4) to the road within a decade", it said.

Level 4 vehicles are able to drive completely autonomously in most, but not all conditions.

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First Published: Jan 07 2019 | 10:59 PM IST

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