Bulletin
Investor Alert

New York Markets Close in:

Associated Press Archives | Email alerts

June 23, 2020, 7:05 p.m. EDT

Mercedes, Nvidia will partner to create new automated driving system

Mercedes-BMW deal shelved last week

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    NVIDIA Corp. (NVDA)
  • X
    Daimler AG (DAI)
  • X
    Bayerische Motoren Werke AG (BMW)

or Cancel Already have a watchlist? Log In

By Associated Press


Bloomberg News
Jensen Huang, president and chief executive officer of Nvidia Corp.

DETROIT — Four days after shelving an autonomous vehicle agreement with BMW, Mercedes has announced a deal to work with chip and software maker Nvidia /zigman2/quotes/200467500/composite NVDA +0.01%  .

The companies said Tuesday that the two will create a computing and artificial intelligence system for automated driving. It will be rolled out starting in 2024 in the next generation of Mercedes vehicles, allowing them to be upgraded with more automated driving functions.

The German automaker and Silicon Valley tech company say a main feature will be automated driving from address to address on regular routes. There also will be future safety and convenience functions, they said in a statement.

Last week Mercedes, which is owned by Daimler AG /zigman2/quotes/205332368/delayed DE:DAI +0.87%  , and BMW /zigman2/quotes/209548467/delayed DE:BMW +0.14%  announced they had put on hold a deal with to jointly develop an autonomous driving system. The companies said the timing wasn’t right for the cooperative agreement.

/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 523.57
+0.06 +0.01%
Volume: 4.36M
Nov. 23, 2020 11:55a
P/E Ratio
85.50
Dividend Yield
0.12%
Market Cap
$324.05 billion
Rev. per Employee
$792,595
loading...
/zigman2/quotes/205332368/delayed
DE : Germany: Frankfurt
55.87
+0.48 +0.87%
Volume: 18,839
Nov. 23, 2020 5:39p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€560,333
loading...
/zigman2/quotes/209548467/delayed
DE : Germany: Frankfurt
74.14
+0.10 +0.14%
Volume: 4,696
Nov. 23, 2020 5:28p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€723,779
loading...

Get news alerts on NVIDIA Corp. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.