BMW Said to Team With Intel, Mobileye on Self-Driving Cars
- Mobileye shares rise most since August 2014 on announcement
- Nissan, GM, Volkswagen already partners on road mapping tech
BMW, Intel, Mobileye Team Up on Driverless Car Tech
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BMW AG, Intel Corp. and Mobileye NV are working to develop autonomous-car technology, said people familiar with the matter.
Senior executives from each company will hold an event on Friday to discuss the driverless-vehicle initiative, said the people, who asked not to be named because the details are private. Mobileye shares jumped 12 percent, the most in almost two years, to $46.90 at 11:41 a.m. in New York.