Daimler Trucks said Monday it has bought a majority stake in Torc Robotics, a Virginia company developing technology for self-driving vehicles.
Daimler said in January it would hire 200, mostly at its North American headquarters in Portland, to develop self-driving semis. The company hopes to have trucks with a significant level of automation on the road by 2030.
Daimler didn’t say how much it is paying for Torc, which employs about 100, or just how much of the company it will own. Daimler said it will pair Torc’s software with its own hardware technology.
