August 22, 2019 / 9:56 AM / 2 months ago

Audi to join Mercedes, BMW development alliance - paper

FILE PHOTO: The logo of Audi carmaker is seen at the entrance of a showroom in Nice, France, April 8, 2019. REUTERS/Eric Gaillard

FRANKFURT (Reuters) - Audi (NSUG.DE) is set to join an alliance with rivals Daimler (DAIGn.DE) and BMW (BMWG.DE) to develop advanced driving assistance systems, German weekly Wirtschaftswoche said on Thursday.

The companies are developing highly automated driving functions to enable so-called level 3 autonomous driving on highways as well as automated parking.

Audi, a unit of Volkswagen (VOWG_p.DE) will announce the alliance at the Frankfurt auto show in early September, Wirtschaftswoche said.

Volkswagen will continue to develop fully autonomous vehicles in cooperation with Ford (F.N), Wirtschaftswoche said.

Reporting by Edward Taylor; Editing by Thomas Seythal

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