Daimler and BMW are teaming up to develop autonomous driving technology to cut c...
GENEVA - Daimler and BMW are teaming up to develop autonomous driving technology to cut costs and set an industry standard that can help to shape future regulation for self-driving cars, senior executives said on Wednesday.
Spiraling development costs for self-driving cars have forced BMW and Daimler to team up to share the financial and engineering burden, executives explained at a press conference in Geneva. “We should not invent this complicated wheel twice. On the path to setting these standards, it makes sense to share some of these investments,” Daimler board member Ola Kaellenius said.
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