BMW Say Intel Mobileye Deal Positive for Its Development of iNext Vehicle by 2021
March 13 2017 - 1:04PM
Dow Jones News
By William Boston
BERLIN--BMW AG welcomed Intel Corp's announcement that it would
acquire self-driving tech firm Mobileye as a positive driver for
the car maker's partnership with the two tech companies to develop
a technology platform for self-driving cars.
"We welcome the news about the acquisition and are looking
forward to working together in an even stronger relationship to
bring highly and fully-automated driving to the streets by 2021,
when we launch the iNEXT," BMW said in a statement.
"Following a successful completion of the transaction, we expect
that our cooperation will show even more potential to advance and
that the offer of a non-exclusive platform for the automotive
industry will become even more attractive."
BMW, Intel and Mobileye in July 2016 unveiled plans to work
together to develop technology for self-driving cars.
Write to William Boston at William.Boston@wsj.com
(END) Dow Jones Newswires
March 13, 2017 12:49 ET (16:49 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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