Daimler and BMW are teaming up to develop autonomous driving technology and create market standards that will help shape future regulation of driverless car industry.
Cooperation of BMW and Daimler that was motivated by spiraling development costs for self-driving cars, will allow the companies to share both the financial and engineering burden.
Manufacturers of autonomous cars take on potential liability risks arising from accidents, forcing the industry to define technological standards which can be used by regulators for drafting rules.
In the coming four months, BMW and Daimler will form committees for the selection of potential technology suppliers and will attract other automakers to develop market standards. Partners intend to develop advanced next-generation advanced driver assistance systems for cars.