According to recent reports, Continental AG is in the final stages of an agreement with Google and IBM to develop a self-driving system for vehicles.
For the past three years, Google has been working on autonomous vehicles and is currently testing a fleet of self-driving cars in the state of California. Rumor has it that Continental hopes to announce the alliance at the 2013 Frankfurt Motor Show. The German auto supplier is currently working with Cisco Systems on systems for automated and driverless vehicles, and on data transfer between vehicles.
Several other automakers, such as GM, Ford, Toyota, and Volkswagen are developing automated technologies to help drivers avoid accidents. Early this year, Continental estimated that self-driving cars could be a reality by 2025. The German company is set to spend roughly $133 billion in this year alone on developing the technology.
[Source: Automotive News Europe]