INTC Intel Corporation

By Sarah Sloat 

BERLIN-- BMW AG, Intel Corp. and Israel's Mobileye NV are teaming up to develop self-driving vehicles, the latest alliance among auto makers and technology companies working to build and commercialize driverless cars.

"Together with Intel and Mobileye, the BMW Group will develop the necessary solutions and innovative systems for highly and fully automated driving to bring these technologies into series production by 2021," the German car maker said.

The partnership combines the world's the best-selling luxury car maker, the world's leading chip maker, and a software provider in the evolving area of autonomous cars. Mobileye, which makes software and components that help prevent collisions, already works with General Motors Co. and Volkswagen AG. It also supplies autopilot components to Tesla Motors Inc.

Intel has also been pushing into the auto industry to tap the growing market for semiconductors that regulate automotive functions. In May, it announced the acquisition of Russia's Itseez, which develops software and services for driver-assistance systems.

BMW said the companies have set a schedule for creating open standards-based platform to bring autonomous cars to market quickly. Near term, they aim to test drive with a highly automated prototype. In 2017, the platform will extend to fleets with extended autonomous test drives, BMW said.

The platform will be made available to other car makers and industries, BMW said.

Write to Sarah Sloat at sarah.sloat@wsj.com

(END) Dow Jones Newswires

July 01, 2016 09:34 ET (13:34 GMT)

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