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Oct 10 (Reuters) - Canadian auto parts producer Magna International Inc MG.TO said on Tuesday it had joined a consortium including BMW BMWG.DE and Intel Corp INTC.O to develop a self-driving vehicle platform for the use of auto makers by 2020.
The move comes as automakers are increasingly seeking alliances to share the high costs of developing self-driving vehicle technology, which requires extensive research and development and software expertise outside the traditional domain of carmakers.
Magna is the latest addition to the BMW-Intel alliance, which aims to develop new technology that could put self-driving cars on the road by around 2021. (http://reut.rs/2y9llha)
The consortium also includes Mobileye (OTC:MBBYF), Fiat Chrysler FCHA.MI and auto suppliers Delphi Automotive DLPH.N and Continental AG CONG.DE . this year, Intel bought Mobileye, the world's largest supplier of systems used in automotive collision detection systems, for $15 billion.
Magna will also help automakers industrialize the platform designed by the consortium, the Canadian company in a statement.