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Video: BMW's automatic parking system

Germany's VOX television channel has a special on BMW's new iDrive-based automatic parking system. The video shows the car automatically parallel-parking itself in a very tight space, with the single press of a button. The system appears to be radar-based, and provides a clear visual representation of the surroundings on the iDrive screen. Once a spot is found, the car automatically backs in and straightens itself. Are technologies like this work the premium? You decide...