By William Boston

BERLIN--BMW AG (BMW.XE) is planning to announce a joint initiative with Mobileye NV (MBLY) and Intel Corp. (INTC) that could see the German luxury auto maker and the technology companies cooperate in developing self-driving car technology, analysts said.

The three companies have invited journalists to a joint news conference on Friday, July 1, at 1400 GMT at BMW's technology center near Munich.

Isreal's Mobileye is a provider of software that processes information from a car's sensors and cameras to be used in collision avoidance and other driver assistance systems.

Intel is the world's leading chip maker and has been pushing into the automotive industry to take advantage of the growing market for semiconductors that regulate basic automotive functions.

Though it is not clear how extensive the cooperation between the three companies could be, the initiative brings together a software provider in the evolving field of autonomous vehicles with the world's leading chip maker and the world's leading premium-car manufacturer.

Write to William Boston at william.boston@wsj.com

(END) Dow Jones Newswires

June 30, 2016 04:50 ET (08:50 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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