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

AURORA, Ont. _ 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.

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.