BMW Group, Mercedes-Benz AG put joint AV venture on hold | Auto Finance News | Auto Finance News

BMW Group, Mercedes-Benz AG put joint AV venture on hold

Photographer: SeongJoon Cho/Bloomberg

BMW Group and Mercedes-Benz AG’s self-driving car initiative is on hold, the companies announced today. After “extensive review,” the companies concluded it is not the right time to launch a joint venture, due to forecasted expense and current economic conditions, although they stressed that future cooperation in the endeavor is still on the table.   The two European automakers had each been working on their own automated-driving technology separately with current and potentially new partners. They had signed a contract in July 2019, […]

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