Volvo to Sell Part of Connected Driving Program

Dec. 19, 2018—Volvo has agreed to sell 75.1 percent of WirelessCar, a digital service developer specializing in connected driving, to Volkswagen for $121.5 million, reported Reuters.

The deal will allow Volvo to focus on commercial vehicles, its core business since it sold Volvo Cars in 1999.

WirelessCar has its own technology platform and develops digital services like billing and safety and emergency breakdown services for customers including Jaguar Land Rover, Daimler, Nissan  and Volvo Cars.