VW Teams with Daimler, BMW for AVs

Aug. 22, 2019
Three OEMs are making alliances to offer autonomous vehicle models.

Aug. 22, 2019—Volkswagen has teamed up with its rivals, BMW and Daimler, according to a report by the China Daily. Automakers are also enlisting the help of technology companies like Cruise, Argo and Aurora (which is backed by Amazon), who license their know-how to them.

Arun Kumar, director in the automotive and industrial practice at AlixPartners LLP, a consulting firm, told the newspaper that cost is driving the newly formed alliances.

In fact, automakers have reported investments of about $300 billion to work on autonomous cars. Ford and Volkswagen announced in July they are expanding their global alliance to include electric vehicles and to introduce autonomous vehicle technology in the U.S .and Europe.

VW, meanwhile, will invest $2.6 billion in Ford's autonomous-car partner Argo AI in a deal that values the Pittsburgh startup at more than $7 billion. 

Sponsored Recommendations

Best Body Shop and the 360-Degree-Concept

Spanesi ‘360-Degree-Concept’ Enables Kansas Body Shop to Complete High-Quality Repairs

How Fender Bender Operator of the Year, Morrow Collision Center, Achieves Their Spot-On Measurements

Learn how Fender Bender Operator of the Year, Morrison Collision Center, equipped their new collision facility with “sleek and modern” equipment and tools from Spanesi Americas...

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...

Coach Works implements the Spanesi Touch system

Coach Works Uses Spanesi Equipment to Ensure a Safe and Proper Repair for Customers