Daimler Trucks & Buses to acquire a majority stake in Torc Robotics.

Daimler Trucks, a division in the Daimler Group, the inventor of the truck and world’s largest manufacturer of heavy and medium trucks, agreed to acquire a majority stake in Torc Robotics, a pioneer in autonomous driving solutions. Financial terms were not disclosed. Torc team will work closely with Daimler Trucks’ developers, particularly with the Research & Development team of Daimler Trucks North America in Portland, Oregon. Torc will continue to develop its Asimov self-driving software and testing at its Blacksburg facility. At the same time, DTNA will focus on further evolving automated driving technology and vehicle integration for heavy-duty trucks at its Automated Truck Research & Development Center in Portland. “Torc is not a start-up, but one of the world’s most experienced companies for vehicle automation. Torc takes a practical approach to commercialization and offers advanced, road-ready technology, plus years of experience in heavy vehicles. Torc’s Level 4 system has been shown to operate well for both urban and highway driving in rain, snow, fog, and sunshine,” Roger Nielsen, Daimler CEO.