German carmakers, suppliers eye autonomous driving alliance: magazine

[January 23, 2019]   BERLIN (Reuters) - German carmakers Daimler, BMW and Volkswagen <VOWG_p.DE>, and some of their major suppliers are in talks about developing a joint system for autonomous driving, manager magazine reported on Wednesday, citing company sources.

The Volkswagen logo is seen on the front of a car at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst

The potential alliance of German companies, which include Continental and Robert Bosch, would pool their resources to move forward more quickly as they race to keep up with rapid technological advances in the United States and China, the report said.

"If we combine our knowledge and technology, then we can even overtake Waymo," the magazine quoted one of the participants in the talks as saying.

Waymo is part of the Google parent Alphabet.

(Reporting by Andrea Shalal, editing by Tassilo Hummel)

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