Magna joins BMW, Intel to develop self-driving vehicle technology by 2021
A man walks in front of a new plant of the international automotive supplier Magna in the Magna Exteriors and Interiors (Meerane) GmbH in Meerane, eastern Germany, Wednesday, April 24, 2013. (AP / Jens Meyer)
The Canadian Press
Published Tuesday, October 10, 2017 1:09PM EDT
AURORA, Ont. - Canadian auto parts maker Magna International Inc. (TSX:MG) says it's joining BMW and Intel Corp. to develop a self-driving system for the global vehicle marketplace by 2021.
Magna says the autonomous driving technology will be flexible and adoptable for integration by multiple automakers.
BMW says the Aurora, Ont.-based company has long-term experience in integrating complex systems seamlessly onto individual vehicle platforms.
Magna has been a contract vehicle manufacturer for the BMW Group for more than 15 years.