Tag: $Mobileye

Volkswagen Group is working with Valeo and Mobileye to upgrade the advanced driver assistance systems up to Level 2+ (“enhanced partially automated driving”) in its upcoming vehicle portfolio based on the MQB platform.

Shares of Mobileye Global were rising Thursday after majority shareholder Intel said it currently has no plans to divest a majority interest in the autonomous-driving company.

Mobileye (MBLY) saw its shares tumble 10% in premarket trading Thursday after the autonomous driving company reduced its revenue guidance for the full fiscal 2024, missing consensus estimates.

Volkswagen will bring new automated driving technologies to series production as it deepens its partnership with Mobileye in automotive driving technologies, Europe’s biggest carmaker said on Wednesday.

Mobileye stock has had a rocky start to the New Year, so far plunging 30% after the provider of autonomous driving systems provided a disappointing outlook for both the first quarter and the balance of 2024.

Self-driving technology company Mobileye Global  warned on Thursday that a pullback in orders from customers clearing excess inventory will batter its revenue this year, sparking a selloff in the shares of auto chip suppliers.

Mobileye  picked up more self-driving car business on Friday as the EV start-up Polestar Automotive  selected the company to provide the “Mobileye Chauffeur” on its Polestar 4. The price point is worth noting.

Intel Corp is offering 35 million shares of Class A common stock, or about a $1.5 billion stake, in Mobileye Global Inc, according to a regulatory filing on Monday.

Porsche AG and Mobileye Global Inc. announced a partnership Tuesday, saying that future Porsches will be outfitted with Mobileye’s advanced driver-assistance systems.