Daimler and BMW have suspended cooperation

Daimler and BMW have suspended cooperation

June 20, 2020 0 By autotimesnews

The two largest German auto giants announced the cessation of the joint development of new autonomous technologies. After a thorough evaluation, Daimler and BMW came to the conclusion that they would rather go their own way, although they do not deny that the project can be resumed. Thus, there will be no cooperation between Daimler and BMW now

At the beginning of last year, it was announced that the two German manufacturers will join forces to jointly develop autonomous technologies for financial reasons. At that time, it was a billion dollar deal. However, more than a year later, the joint project seems to have come to a standstill.

After lengthy discussions with experts and suppliers, it was concluded that the costs of creating such a self-propelled platform are untimely. Therefore, the manufacturers, in their own words, agreed mutually that individually they can better concentrate on their existing development projects.

Interestingly, the emphasis is on the fact that at a later stage, cooperation can be resumed. Markus Schaefer, a member of the board of directors of Daimler AG, says that Daimler is now mostly looking for partners outside the automotive sector.