Volvo invests in DriveCam to bear down on truck accidents 25 February 2013
Volvo has made a strategic investment in DriveCam, with the objective of helping to deliver innovative safety systems for the commercial vehicle industry.
California-based DriveCam describes itself as a driver risk management company, and Volvo Group now becomes a minority shareholder.
"Volvo Group and DriveCam have a common vision – to reduce traffic accidents worldwide," comments Johan Carlsson, president of Volvo Group Venture Capital.
"This strategic investment enables the commercial vehicle industry to benefit from our collaborative development efforts, while it also supports the Volvo Group's vision to become the world leader in sustainable transport solutions," he adds.
"Volvo Group and DriveCam both believe that there is only one acceptable number of accidents in driving – zero," states DriveCam chairman and CEO Brandon Nixon.
"And, since the human element plays a role in nine out of 10 accidents, the driver risk management solutions that DriveCam has pioneered are essential to both companies reaching our common goal," he says.
Carlsson makes the point that Volvo has been studying accidents involving trucks for years, and says that the information gleaned has been, and still is, one of the most important bases for its truck designs.
Volvo Group UK Ltd
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