Tag: $Mobileye

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.