FRANKFURT (Reuters) – Daimler <DAIGn.DE> on Friday said it had put on hold a development alliance in the area of automated driving between its luxury brand and rival German luxury carmaker BMW <BMWG.DE>.
“Following extensive review, the two companies have arrived at a mutual and amicable agreement to concentrate on their existing development paths, which may also include working with new partners,” Daimler said in a statement.
Daimler said the cooperation, which was announced in 2019, may resume at a later date.
(Reporting by Edward Taylor, editing by Thomas Escritt)
