BMW and Daimler pause joint venture focused on autonomous vehicles

June 24, 2020
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Mercedes and BMW both have their own programs for developing ADAS for passenger vehicles, and this joint venture was targeting "next-generation" autonomous driving, which we presume means Level 4. Lux has previously written that COVID-19 would likely accelerate partnership formation in autonomous driving due to the high cost of development and risk of abandoning development completely. BMW and Daimler are taking the latter route, albeit temporarily, a move unlikely to have occurred but for the financial repercussions of COVID-19, as the announcement was made on the same day BMW cut 6,000 jobs. Clients should note that leaders in the space are unlikely to wind down development. 

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