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Monday, 02/13/2017 11:08:12 PM

Monday, February 13, 2017 11:08:12 PM

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Mobileye NV (MBLY) Stock Jumps on Volkswagen Partnership
Shares edged higher after the bell as well
Feb 13, 2017, 5:57 pm EST

Volkswagen and Mobileye (NYSE: MBLY) are planning to implement a new navigation standard for autonomous driving starting in 2018. Future Volkswagen models will use the camera-based map and localisation technology Road Experience Management™ (REM™) from Mobileye. Representatives of the two companies signed an agreement to this effect on 10 February. The wide-ranging cooperation was approved by Professor Amnon Shashua, Chairman and Chief Technology Officer of Mobileye, and Dr Herbert Diess, Chairman of the Board of Management of the Volkswagen brand. Mobileye and Volkswagen are taking the next step towards autonomous driving. In the future, both will be jointly collecting data and utilising this for a new generation of highly intelligent maps.
Interesting that SWIR has also inked a deal with VW noted in a PR last week
Volkswagen Prefers Sierra Wireless to Enable Next-Generation Connected Vehicles With 4G LTE Embedded Modules
Sierra Wireless AirPrime® AR Series embedded modules and Legato® platform will enable Car-Net connectivity for Volkswagen automobiles beginning in 2018
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