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Audi to join Mercedes, BMW development alliance - paper

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08/22/2019 | 05:56am EDT
FILE PHOTO: The BMW logo is seen on a car in Nice

FRANKFURT (Reuters) - Audi is set to join an alliance with rivals Daimler and BMW to develop advanced driving assistance systems, German weekly Wirtschaftswoche said on Thursday.

The companies are developing highly automated driving functions to enable so-called level 3 autonomous driving on highways as well as automated parking.

Audi, a unit of Volkswagen will announce the alliance at the Frankfurt auto show in early September, Wirtschaftswoche said.

Volkswagen will continue to develop fully autonomous vehicles in cooperation with Ford, Wirtschaftswoche said.

(Reporting by Edward Taylor; Editing by Thomas Seythal)

Stocks treated in this article : Audi AG, Daimler AG, Volkswagen AG, Porsche Holding, BMW AG
Stocks mentioned in the article
ChangeLast1st jan.
AUDI AG 0.00% 804 Delayed Quote.2.81%
BMW AG -2.07% 63.86 Delayed Quote.-7.85%
DAIMLER AG -2.62% 46.105 Delayed Quote.3.13%
PORSCHE HOLDING -2.48% 60.5 Delayed Quote.20.18%
VOLKSWAGEN AG -2.13% 156.38 Delayed Quote.15.03%
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