BMW to collaborate with Intel, Mobileye to develop autonomous cars

Author: Reuters

FRANKFURT: BMW (BMWG.DE) is close to unveiling a development partnership for autonomous cars with Israeli collision detection software maker Mobileye (MBLY.N) and U.S. chip maker Intel (INTC.O), a source familiar with the matter said on Thursday.

Senior executives from each company will hold an event on Friday to discuss the driverless-vehicle initiative, said the people, who asked not to be named because the details are private.

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