BMW and Mercedes Put Self-Driving Alliance On Hold
BMW (OTC: BMWYY) and Mercedes-Benz are shutting down their joint self-driving effort, at least for the moment — though they might work together again in the future.
BMW and Daimler (OTC: DMLRY), the corporate parent of Mercedes-Benz, said in a statement on Friday that the timing of their cooperative effort to develop self-driving vehicle technology is "not right," because of the effort and expense required to merge their existing technologies into a single platform.
Both BMW and Mercedes-Benz had been working on automated-driving technology separately for years before agreeing to a technology-sharing partnership in 2019. After reviewing one another's efforts, the partners decided that the challenge and expense of combining the existing work on autonomous driving was too great given the current economic conditions.
Source Fool.com
