The firms aim to make next-level technology widely available by the middle of the 2020s.
In an announcement on Thursday, the auto giants said their initial focus would be on the development of"next-generation technologies" for automated driving on highways, driver assistance systems and parking features.
At Level 5, automated driving features can drive a vehicle under all conditions. At Levels 3 and 4, automated driving features allow technology to drive a vehicle under certain, limited conditions. Thursday's announcement comes a week after BMW and Daimler announced anew one billion euro mobility partnership.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Daimler and BMW announce $1.1 billion partnership in a bid to take on UberThe German auto makers want to link up urban transport around the world using autonomous cars and app-based services.
Read more »
BMW, Daimler pool resources on automated driving technologyDaimler and BMW deepened their alliance on Thursday to share development costs f...
Read more »
Daimler, BMW Team Up to Build Self-Driving Car TechnologyDaimler and BMW, two of the world’s biggest manufacturers of high-end vehicles, are expected to unveil plans to expand existing cooperation to include the development of self-driving vehicle technology.
Read more »
BMW, Daimler Join Forces In $1.1 Billion Ride-Hailing, Car-Sharing DealBMW and Daimler are combining for a joint venture funded by $1.1 billion to compete with Uber, Lyft and other ride-sharing firms
Read more »
The Story Behind BMW Designworks And The North Face Futurelight CamperThe Futurelight by BMW Designworks and The North Face is a lightweight, breathable and waterproof designer camper inspired by the progressive BMW GINA concept.
Read more »
German Carmakers Could Face Huge Profit Hit If Trump Imposes 25% TariffIf President Trump imposes a 25% tariff on auto imports, European carmakers like BMW, Mercedes, and Volkswagen’s Audi and Porsche would lose about 90% of their high profit margin sales of imported luxury vehicles, according to a report from UBS.
Read more »