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Daimler to invest $573 million to develop highly autonomous trucks

The move that will create more than 200 jobs

Reuters  |  Frankruft 

A Daimler sign name is pictured during the company's annual news conference in Stuttgart, Germany

German luxury carmaker 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.

First Published: Mon, January 07 2019. 22:59 IST