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BMW says rivals are interested in joining forces on self-driving cars

BMW says rivals are interested in joining forces on self-driving cars

BMW competitions and ride-hailing businesses are thinking about linking its consortium for growing self-driving autos as auto-industry profits appear under increasing pressure, board member Klaus Froehlich mentioned on Tuesday.
“I have had a second German carmaker saying, ‘it appears like we wasted plenty of funds’. I also have experienced contact out of tier one providers that say’let’s do a frequent platform’,” Froehlich said.
BMW, but desired to disperse the amount being spent on expense and began that a consortium that now includes Mobileye, Magna, FCA and car providers Delphi Automotive and Continental A G.
 
The tech is still demonstrating complex and the returns on investment are currently taking longer to materialize, causing investors to scrutinize whether or not sense is made by go-it-alone plans.
 
Froehlich wouldn’t be drawn on who could combine the consortium Outside of saying “there Might Be Some information for the particular next year”
Car makers and ride-hailing companies have sought to build autos being a way to enter smartphone-hailed-robot axis’ business. However, they are coming into a crowded field where famous brands Apple and also Alphabet Inc have been pouring billions of dollars to cars that can drive themselves.
“A few ride-hailing companies have also expressed interest in becoming a member of the consortium.”