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Audi to join Mercedes, BMW development alliance - paper

Audi to join Mercedes, BMW development alliance - paper
FILE PHOTO: The logo of Audi carmaker is seen at the entrance of a showroom in Nice, France, April 8, 2019. REUTERS/Eric Gaillard -
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FRANKFURT (Reuters) – Audi <NSUG.DE> is set to join an alliance with rivals Daimler <DAIGn.DE> and BMW <BMWG.DE> to develop advanced driving assistance systems, German weekly Wirtschaftswoche said on Thursday.

The companies are developing highly automated driving functions to enable so-called level 3 autonomous driving on highways as well as automated parking.

Audi, a unit of Volkswagen <VOWG_p.DE> will announce the alliance at the Frankfurt auto show in early September, Wirtschaftswoche said.

Volkswagen will continue to develop fully autonomous vehicles in cooperation with Ford <F.N>, Wirtschaftswoche said.

(Reporting by Edward Taylor; Editing by Thomas Seythal)

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