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Continental joins BMW, Intel, Mobileye platform for self-driving cars

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Continental (CONG.DE) said on Tuesday it would join a self-driving platform developed by BMW (BMWG.DE), Intel (INTC.O) and Mobileye (MBLY.N) with the German auto parts and tire maker handling integration of components and software.

The costs to integrate hardware, software and data and the accelerating pace of development of self-driving vehicles has sparked a growing number of alliances between automakers and suppliers.

Continental, the world's second-biggest supplier to carmakers by sales, said it would play a key role in commercializing the new platform, which is to be sold to other auto manufacturers.

"We can meet the steep demands in autonomous driving through an industry-wide collaboration more comprehensively, rapidly and at lower costs than by going alone," Chief Executive Elmar Degenhart said in an emailed statement.

 

http://www.reuters.com/article/us-continental-autonomous-idUSKBN19B0TP?utm_campaign=trueAnthem:+Trending+Content&utm_content=59490f7104d301461d0ee142&utm_medium=trueAnthem&utm_source=twitter

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