Daimler said Friday it had put on hold a development alliance in the area of automated driving between its Mercedes-Benz brand and rival BMW.

"Following extensive review, the two companies have arrived at a mutual and amicable agreement to concentrate on their existing development paths, which may also include working with new partners," Daimler said in a statement.

Daimler said the cooperation, which was announced in 2019, may resume at a later date.

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Daimler And BMW Pause Self Driving Alliance

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