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BMW and Daimler announced Thursday they will work together on developing the automated driving technology expected to transform the industry in the years ahead as automakers try to fend off competition from tech companies such as Uber and Waymo.
The two German companies said it would be a "long-term strategic cooperation" to more quickly come up with advanced driver assistance systems, automated driving on closed spaces such as highways and automated parking.
Partnership - Automakers - Rivals - Business - People
The partnership comes as automakers face new rivals in the business of getting people from one place to another such as Uber and Waymo, which are both working on autonomous driving. BMW and Daimler last week launched a joint venture in auto-related digital services such as car sharing, ride-hailing and ticketless parking. Ford and Volkswagen have said they are talking about teaming up on developing autonomous and battery-powered cars.
BMW and Daimler said that by working together, they can shorten development cycles and make...
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