Munich/Stuttgart. The BMW Group and Mercedes-Benz AG
are putting their cooperation on development of next-generation
technology for automated driving temporarily on hold. Following
extensive review, the two companies have arrived at a mutual and
amicable agreement to concentrate on their existing development paths
– which may also include working with current or new partners. Both
explicitly wished to emphasise that cooperation may be resumed at a
later date and that the two organisations’ underlying approach to
matters such as safety and customer benefits in the field of automated
driving remains highly compatible.

The BMW Group and Mercedes-Benz AG are both working separately on
current generations for highly-automated driving and have achieved
major progress in this field in the past. However, the BMW Group and
Mercedes-Benz AG were unable to hold detailed expert discussions and
talk to suppliers about technology roadmaps until the contract was
signed last year. In these talks – and after extensive review – both
sides concluded that, in view of the expense involved in creating a
shared technology platform, as well as current business and economic
conditions, the timing is not right for successful implementation of
the cooperation.

“We have systematically further developed our technology and scalable
platform with partners like Intel, Mobileye, FCA and Ansys,” said
Klaus Fröhlich, member of the Board of Management
of BMW AG, responsible for Development. “Our current technology
generation offers very strong, sustainable potential: With extremely
powerful sensors and computing power, our robust modular system puts
us in an excellent position to offer our customers what they need for
many years.”

Markus Schäfer, Member of the Board of Management of
Daimler AG and Mercedes-Benz AG; responsible for Daimler Group
Research and Mercedes-Benz Cars COO: “Our expertise complements that
of the BMW Group very well, as our successful collaborations have
proved. Next to decarbonisation, digitalization is a major strategic
pillar for Mercedes-Benz. To prepare for the future challenges of a
rapidly changing environment, we are currently also sounding out other
possibilities with partners outside the automotive sector.”

Both companies also underlined that they would continue working in
close cooperation in the remaining fields as planned. In 2015, the two
companies joined with Audi AG to acquire the location and technology
platform HERE, which now has a very broad and international
shareholder structure. In early 2019, the BMW Group and Daimler AG
also pooled their mobility services in a joint venture under the
umbrella of the NOW family.

Contacts:

BMW Group

Head of Corporate and Culture Communications

Head of Product & Technology Communications

Global Communications Mercedes-Benz Cars & Vans

Spokesperson Digital Vehicle & Future Techologies

Global Communications Mercedes-Benz Cars & Vans

Mobil: +49 160 8658939

This document contains forward-looking statements that reflect our
current views about future events. The words “anticipate,” “assume,”
“believe,” “estimate,” “expect,” “intend,” “may,” ”can,” “could,”
“plan,” “project,” “should” and similar expressions are used to
identify forward-looking statements. These statements are subject to
many risks and uncertainties, including an adverse development of
global economic conditions, in particular a decline of demand in our
most important markets; a deterioration of our refinancing
possibilities on the credit and financial markets; events of force
majeure including natural disasters, pandemics, acts of terrorism,
political unrest, armed conflicts, industrial accidents and their
effects on our sales, purchasing, production or financial services
activities; changes in currency exchange rates and tariff regulations;
a shift in consumer preferences towards smaller, lower-margin
vehicles; a possible lack of acceptance of our products or services
which limits our ability to achieve prices and adequately utilize our
production capacities; price increases for fuel or raw materials;
disruption of production due to shortages of materials, labor strikes
or supplier insolvencies; a decline in resale prices of used vehicles;
the effective implementation of cost-reduction and
efficiency-optimization measures; the business outlook for companies
in which we hold a significant equity interest; the successful
implementation of strategic cooperations and joint ventures; changes
in laws, regulations and government policies, particularly those
relating to vehicle emissions, fuel economy and safety; the resolution
of pending government investigations or of investigations requested by
governments and the conclusion of pending or threatened future legal
proceedings; and other risks and uncertainties, some of which we
describe under the heading “Risk and Opportunity Report” in the
current Annual Report. If any of these risks and uncertainties
materializes or if the assumptions underlying any of our
forward-looking statements prove to be incorrect, the actual results
may be materially different from those we express or imply by such
statements. We do not intend or assume any obligation to update these
forward-looking statements since they are based solely on the
circumstances at the date of publication.

The BMW Group

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW
Group is the world’s leading premium manufacturer of automobiles and
motorcycles and also provides premium financial and mobility services.
The BMW Group production network comprises 31 production and assembly
facilities in 15 countries; the company has a global sales network in
more than 140 countries.

In 2019, the BMW Group sold over 2.5 million passenger vehicles and
more than 175,000 motorcycles worldwide. The profit before tax in the
financial year 2019 was € 7.118 billion on revenues amounting to
€ 104.210 billion. As of 31 December 2019, the BMW Group had a
workforce of 126,016 employees.

The success of the BMW Group has always been based on long-term
thinking and responsible action. The company has therefore established
ecological and social sustainability throughout the value chain,
comprehensive product responsibility and a clear commitment to
conserving resources as an integral part of its strategy.

Mercedes-Benz AG at a glance

Mercedes-Benz AG is responsible for the global business of
Mercedes-Benz Cars and Mercedes-Benz Vans with over 173,000 employees
worldwide. Ola Källenius is Chairman of the Board of Management of
Mercedes-Benz AG. The company focuses on the development, production
and sales of passenger cars, vans and services. Furthermore, the
company aspires to be leading in the fields of connectivity, automated
driving and alternative drives with its forward-looking innovations.
The product portfolio comprises the Mercedes-Benz brand with the
sub-brands Mercedes-AMG, Mercedes-Maybach and Mercedes me – as well as
the smart brand, and the EQ product and technology brand for electric
mobility. Mercedes-Benz AG is one of the largest manufacturers of
premium passenger cars. In 2019 it sold nearly 2.4 million cars and
more than 438,000 vans. In its two business divisions, Mercedes-Benz
AG is continually expanding its worldwide production network with over
40 production sites on four continents, while aligning itself to meet
the requirements of electric mobility. At the same time, the company
is developing its global battery production network on three
continents. Sustainable actions play a decisive role in both business
divisions. To the company, sustainability means creating value for all
stakeholders on a lasting basis: customers, employees, investors,
business partners and the society as a whole. The basis for this is
the sustainable business strategy of Daimler in which the company
takes responsibility for the economic, ecological and social effects
of its business activities and looks at the entire value chain.

This content was originally published here.