FCA Joins the Autonomous Driving Party with BMW, Intel

Chrysler Headquarters in Auburn Hills Michigan

Chrysler Headquarters in Auburn Hills Michigan

The group says it is on-track to deploy 40 autonomous test vehicles on the road by year-end.

He said that that it is better to make the partnerships crucial among the automakers, technology suppliers and providers rather than thinking of the advanced autonomous driving technology. This FCA development is significant, however, if the BMW/Intel tie-up hopes to help achieve critical mass as a viable option for other global automakers considering their options.

Fiat Chrysler said in May that it would design and engineer about 100 minivans for Google's self-driving technology, essentially doubling the Waymo fleet.

The initiative began just over a year ago when BMW Group, Intel and Mobileye announced they would be collaborating on self-driving vehicles technology to deliver highly automated driving.

BMW, Intel, and Mobileye originally formed the group over a year ago with the goal of producing fully-functioning self-driving vehicles by 2021.

Fiat said teaming up with partners would allow it to benefit from economies of scale, while bringing its own engineering expertise, sales volumes and strong presence in North America to the table.

Mobileye previously developed the vision system for Tesla cars and the company's autonomous driving system, Autopilot.

Fiat Chrysler said it was planning to put autonomous vehicle technology into production no later than 2021, which matches a timeframe that is shared by its rival companies who now are developing their own autonomous vehicles.

"The future of transportation relies on auto and tech industry leaders working together to develop a scalable architecture that automakers around the globe can adopt and customize", said Brian Krzanich, Intel CEO. The company had revenue of $27.93 billion during the quarter, compared to analyst estimates of $29.24 billion.

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Earlier this week, we reported that a Chinese company had offered to buy Fiat Chrysler, but that offer was rejected for not being big enough. Partnering with BMW and Intel may change how the company is viewed by potential suitors.

The Pacifica is already a featured vehicle with Waymo's autonomous program.

New England Institute of Technology (NEIT) will partner with Fiat Chrysler Automobiles (FCA) to establish a Performance Training Center at NEIT's 110 Access Road campus in Warwick. CEO Sergio Marchionne, who sees Fiat-Chrysler as lacking scale, has frequently been cited as a key driver behind the company's push to sell itself.

The source confirmed Geely was no longer interested in FCA, noting that the parent company had only three months ago announced its first push into Southeast Asia with the purchase of 49.9 percent of struggling Malaysian carmaker Proton.

"He's doing exactly what he should - making (FCA) look very appealing", he said.

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