
Fiat Chrysler is speeding up its bid to develop autonomous driving technology, by signing on to a joint venture with the BMW Group, Intel Corp. and Mobileye that's expected to lead to a fully autonomous production vehicle by 2021.
Fiat Chrysler is speeding up its bid to develop autonomous driving technology, by signing on to a joint venture with the BMW Group, Intel Corp. and Mobileye that's expected to lead to a fully autonomous production vehicle by 2021.
Intel-owned Mobileye will start building a fleet of 100 fully autonomous vehicles with a Level 4 of autonomy requiring driver interaction only to prevent an accident that the company will test in the U.S., Europe, and Israel, Intel has announced.
Silicon Valley chipmaker Intel has completed its acquisition of Mobileye, the Israeli autonomous driving technology provider, by purchasing 84% of the outstanding shares, Intel has announced.
Intel will acquire Israeli autonomous driving technology provider Mobileye for $15 billion under an agreement announced March 13 that brings the Silicon Valley chipmaker into the emerging autonomous-driving sector.
The three companies formed a partnership last July, and have since developed an BMW 7 Series that utilizes the autonomous technology of both Intel and Mobileye.
Ben Carter has assumed fleet management responsibilities for Intel Corp.'s global fleet. Carter has served in the role of sales operations manager for the Silicon Valley technology company.
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