Magna joins BMW, Intel to develop self-driving vehicle technology by 2021

The resulting tech is expected to be adoptable by multiple automakers

Canadian auto parts maker Magna International Inc. (TSX:MG) says it’s joining BMW and Intel Corp. to develop a self-driving system for the global vehicle marketplace by 2021.

Magna says the autonomous driving technology will be flexible and adoptable for integration by multiple automakers.

Related: Cyber security, liability concerns at the forefront of autonomous vehicles: RIMS Canada Conference

BMW says the Aurora, Ont.-based company has long-term experience in integrating complex systems seamlessly onto individual vehicle platforms.

Magna has been a contract vehicle manufacturer for the BMW Group for more than 15 years.

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Transcontinental Media G.P.