The company logo of German carmaker Daimler and Mercedes-Benz is pictured before the annual shareholders meeting in Berlin on March 29, 2017. / AFP / Tobias SCHWARZ
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Mercedes-Benz parent Daimler and supplier Robert Bosch are teaming up to develop self-driving cars in an alliance primarily aimed at accelerating the production of "robo-taxis".The pact between the world's largest maker of premium cars and the world's largest automotive supplier forms a powerful counterweight to new auto industry players like Uber and Didi which are working on self-driving cars with a business model geared toward clients who want to use rather than own cars. The alliance, which marks an end to Daimler's efforts to develop an autonomous car largely on its own, comes as tech companies and auto makers like BMW are forming rival strategic partnerships.Teaming up with Bosch helps Mercedes throw more engineering resources at autonomous cars, allowing it to bring forward the date for having a production-ready system for autonomous cars by several years.
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