Magna joins BMW-Intel self-driving car project
In this article (5)
Canadian auto parts producer Magna International Inc said on Tuesday it had joined a consortium including BMW and Intel Corp to develop a self-driving vehicle platform for the use of auto makers by 2020.
The move comes as automakers are increasingly seeking alliances to share the high costs of developing self-driving vehicle technology, which requires extensive research and development and software expertise outside the traditional domain of carmakers.
Magna is the latest addition to the BMW-Intel alliance, which aims to develop new technology that could put self-driving cars on the road by around 2021. (reut.rs/2y9llha)
The consortium also includes Mobileye, Fiat Chrysler and auto suppliers Delphi Automotive and Continental AG.
Earlier this year, Intel bought Mobileye, the world’s largest supplier of systems used in automotive collision detection systems, for $15 billion.
Magna will also help automakers industrialize the platform designed by the consortium, the Canadian company in a statement.
Questions & Answers
Q.What is the primary objective of the consortium Magna has joined?
What is the primary objective of the consortium Magna has joined?
The consortium aims to develop a self-driving vehicle platform for use by various automakers. This technology could facilitate the introduction of self-driving cars to the road by approximately 2021.
Q.Why are automakers increasingly forming alliances for self-driving technology development?
Why are automakers increasingly forming alliances for self-driving technology development?
Automakers are seeking alliances to share the significant costs associated with developing self-driving vehicle technology. This development requires extensive research, development, and software expertise that often lies outside traditional car manufacturing.
Q.Which companies are part of this self-driving car consortium?
Which companies are part of this self-driving car consortium?
The consortium includes BMW, Intel Corp, Magna International, Mobileye, Fiat Chrysler, Delphi Automotive, and Continental AG. Intel acquired Mobileye earlier this year, integrating its collision detection system expertise into the group.
Q.What specific role will Magna International play within the consortium?
What specific role will Magna International play within the consortium?
Beyond joining the development efforts, Magna will assist automakers in industrialising the self-driving platform designed by the consortium. This suggests a role in bringing the developed technology to practical production.
Reader pulse
Magna's consortium entry:
23,458 votes so far