Daimler, BMW seek to define self-driving rules

Daimler and BMW want to set an industry standard that can help to shape future regulation for self-driving cars, senior executives said.

The automakers last month signed a memorandum of understanding to jointly develop the next generation of autonomous vehicles. Spiraling development costs for self-driving cars led to the companies teaming up to share the financial and engineering burden, executives explained on Wednesday at a press conference on the sidelines of the Geneva auto show.

“It is a chicken and egg situation. Somebody has to standardize the technology and regulation will follow,” said Klaus Froehlich, BMW’s board member responsible for development.