January 7, 2019 / 5:04 PM / 10 days ago

Daimler to invest 500 million euros in autonomous trucks

FILE PHOTO: The Daimler is seen during a press conference on the second press day of the Paris auto show, in Paris, France, October 3, 2018. REUTERS/Regis Duvignau/File Photo

FRANKFURT (Reuters) - German luxury carmaker Daimler will invest 500 million euros (£450 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.

Reporting by Christoph Steitz; editing by Thomas Seythal

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