BMW and Daimler announce partnership for self-driving cars

12 Jul
BMW Vision iNext conceptBMW and Daimler joined forces to develop self-driving car technology. The two typical rivals said in separate announcements last week that the partnership is a long-term contract to help bring autonomous vehicle technologies to market quicker. Specifically, the agreement aims to put Level 4 self-driving cars on the road as early as 2024. Level 4...

Smart to leave US market after 2019

30 Apr
2019 Smart FortwoThe Smart city car experiment in the U.S. will conclude at the end of this year. Daimler, the parent company of Smart and Mercedes-Benz, will pull its its tiny cars from the U.S. and Canadian markets after the 2019 model year. In an email, Smart spokesperson Catherine Gebhardt cited a "declining micro-car market" in the U.S. and Canada as part of...

BMW and Daimler team up for self-driving car development

2 Mar
BMW and Mercedes-Benz self-driving car conceptsBMW and Daimler, the German automaker that owns Mercedes-Benz on Thursday tied the knot by cooperating on advanced next-generation driver-assistance technologies to pave the way for self-driving cars. Long term, the partnership between the two former foes will help bring Level 3, 4, and 5 self-driving cars to market. Level 5 self-driving cars are...

Daimler, BMW merge mobility operations with $1.1B investment

25 Feb
BMW Group CEO Harald Krüger (left) and Daimler CEO Dieter ZetscheGerman rivals BMW and Daimler said Friday that they've merged their car-share operations in a bid to challenge Lyft, Uber, and others in the burgeoning mobility sector. BMW and Daimler, which owns Mercedes-Benz, invest $1.1 billion combined into the joint venture. The cooperation is organized into five global units: Reach Now, Charge Now, Park...

In quest for tech, Chinese automaker Geely grabs 10 percent of Mercedes parent Daimler

26 Feb
2018 Mercedes-Benz SLC-Class (Mercedes-AMG SLC43)Daimler AG announced last week that Li Shifu, the founder of Chinese automaker Geely, had acquired almost 10 percent of the shares in the company. Li didn't buy 9.7 percent of Daimler all at once; the outspoken CEO has been accumulating shares on the open market since last fall. The German industrial giant counts Mercedes-Benz and Smart among its...