By Nathan Allen

Daimler AG (DAI.XE) said Wednesday that its truck business will establish a new unit to develop automated-driving technology.

The new unit, known as the autonomous technology group, will focus on research and development, as well as setting up operations infrastructure for the production of automated trucks, Daimler said.

Earlier this year the German auto maker presented plans to invest 500 million euros ($558.9 million) in bringing automated commercial trucks to the roads within a decade.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

May 29, 2019 08:30 ET (12:30 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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