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| Name | Symbol | Market | Type |
|---|---|---|---|
| Mercedes Benz Group AG (PK) | USOTC:DMLRY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.32 | 14.00 | 14.45 | 0.00 | 01:00:00 |
From May 2019 to May 2024
By Cristina Roca
Bayerische Motoren Werke AG (BMW.XE) and Daimler AG (DAI.XE) are partnering up on automated driving, the two car makers said Thursday.
The German companies signed an agreement for long-term strategic cooperation, which will focus on developing technologies for driver assistance, automated driving on highways and automated parking, they said.
BMW and Daimler expect the technologies they jointly develop to be available on the market from 2024. The technologies will be implemented in the car makers' respective products independently, they said.
BMW and Daimler's cooperation is nonexclusive and is open to other manufacturers and technology partners, the companies said.
Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca
(END) Dow Jones Newswires
July 04, 2019 05:30 ET (09:30 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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