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August 31st, 2016
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Business

Mobileye-Delphi to Produce Self-Driving System by 2019

Mobileye-Delphi to Produce Self-Driving System by 2019

Partnership will accelerate the creation of new approaches and capabilities in automobile industry

Mobileye and Delphi Automotive have announced a partnership to jointly develop a complete SAE Level 4/5 automated driving solution. The new technology partnership between these two top auto suppliers is meant to put self-driving cars on the roads by 2019.

“The Mobileye and Delphi relationship started in 2002 with the implementation of what was one of the most advanced active safety systems of the time. Our long history together is key to the success of this ambitious endeavor,” said Professor Amnon Shashua, Mobileye Chairman and Chief Technology Officer. “Our partnership with Delphi will accelerate the time to market and enable customers to adopt Level 4/5 automation without the need for huge capital investments, thereby creating a formidable advantage for them.”

Earlier reports by other automakers and suppliers highlighted 2020-2021 for initial deployment of self-driving cars.

“This partnership will allow us to give our customers an increased level of automated capabilities faster and more cost effectively,” said Kevin Clark, Delphi President and Chief Executive Officer. “The collective expertise of our two organizations will accelerate the creation of new approaches and capabilities that would likely not have been possible working alone. This is a win-win for both companies and our customers.”

Mobileye, based in Jerusalem, is the world leader in computer vision systems, mapping, localization and machine learning focused on the automotive domain. Delphi is a world leader in automated driving software, sensors and systems integration.

Viva Sarah Press
(Israel 21c)

 

Jury: Investment Banker’s Insider Info Netted $1M-Plus

Jury: Investment Banker’s Insider Info Netted $1M-Plus

An investment banker who attended the prestigious Yale University was convicted this past week of insider trading charges after a jury determined that he gave tips about ...

CellSavers – Uber for Smartphone Repairs – Raises $15M

CellSavers – Uber for Smartphone Repairs – Raises $15M

On-demand smartphone repair startup will use new capital to further accelerate growth of its platform and service

Smartphone users in New York, Los Angeles, San Francisco,...

Zuckerberg Sells $95M in FB Shares for Philanthropy

Zuckerberg Sells $95M in FB Shares for Philanthropy

Facebook founder and CEO Mark Zuckerberg and his wife, Priscilla Chan, sell company shares to fund their charitable efforts

Facebook founder and CEO Mark Zuckerberg and hi...

Hedge Fund Manager Nicholas Mitsakos Charged with Scheme to Defraud Investors

Hedge Fund Manager Nicholas Mitsakos Charged with Scheme to Defraud Investors

Preet Bharara, the United States Attorney for the Southern District of New York, announced the arrest and unsealing of a complaint charging Nicholas Mitsakos with securit...

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