The companies see an alliance as a way to keep up with advances in self-driving vehicle technologies in the U.S. and China. "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.
In related news, Germany's Handelsblatt says BMW and Daimler have been examining whether to cooperate on product development for autonomous vehicles as a way to reduce the billions of dollars in expected development costs and establish a common industry standard. The publication also reports BMW and Mercedes are discussing co-developing a new platform for small cars to underpin the next-generation 1 Series and A-Class.
Such a move could cut billions in costs, insiders tell Handelsblatt, but because both companies just released new versions of their compact cars, any new co-developed platform wouldn't debut until at last 2025. It would also test the two companies' deep-seated rivalry. But they are reportedly taking a cue from Ford and Volkswagen's recent announcement that they will share the costs of developing commercial, electric and self-driving vehicles as a sign of the times for automakers.
Information from Reuters was used in this report.