Daimler's 2017 agreement with automotive supplier Robert Bosch GmbH to develop self-driving taxis that customers can hail with a smartphone app is called a

Question

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A joint venture is a business arrangement where two or more companies come together and pool their resources to develop a new project or undertake a specific task. In this case, Daimler and Robert Bosch GmbH have formed a joint venture to develop self-driving taxis that can be hailed with a smartphone app. This means that the two companies will work together to develop the technology and bring the product to market.

Daimler's 2017 Agreement with Automotive Supplier Robert Bosch GmbH to Develop