Toyota Motor and U.S. chipmaker Qualcomm are among the 27 companies forming a global consortium to bring self-driving technology onto the road.
The group aims to lead a private-sector push to establish safety standards and other rules for varying degrees of autonomous driving. The World Economic Forum, which formed a working committee in May to discuss the future of self-driving cars, had called for such an initiative.
The auto industry represents 12 of the participants, including Toyota, Nissan Motor, General Motors, Volkswagen, BMW, Hyundai Motor and Volvo Car. Insurers include Liberty Mutual Group and Japan’s Sompo Holdings, with Qualcomm and Sweden’s Ericsson among the information technology companies. Uber Technologies, the company behind the ride-hailing app, and U.S. logistics giant UPS are also taking part.