Daimler: puts cooperation with BMW 'on hold'
(CercleFinance.com) - BMW and Mercedes-Benz are temporarily suspending their cooperation in the development of a new generation technology for automated driving.
Both groups say that they could resume their cooperation at a later date.
BMW Group and Mercedes-Benz AG are both working separately on automated driving and have made major progress in this field.
They consider that, in view of the costs involved in creating a common technology platform, added to the current economic and commercial environments, the situation is by no means the best for this cooperation to be successful.
Markus Schäfer, Member of the Board of Management of Daimler AG and Mercedes-Benz AG, said, "To prepare for the future challenges of a rapidly changing environment, we are currently also sounding out other possibilities with partners outside the automotive sector."
Copyright (c) 2020 CercleFinance.com. All rights reserved.
Both groups say that they could resume their cooperation at a later date.
BMW Group and Mercedes-Benz AG are both working separately on automated driving and have made major progress in this field.
They consider that, in view of the costs involved in creating a common technology platform, added to the current economic and commercial environments, the situation is by no means the best for this cooperation to be successful.
Markus Schäfer, Member of the Board of Management of Daimler AG and Mercedes-Benz AG, said, "To prepare for the future challenges of a rapidly changing environment, we are currently also sounding out other possibilities with partners outside the automotive sector."
Copyright (c) 2020 CercleFinance.com. All rights reserved.