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Strategies & Market Trends : The New Economy and its Winners

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From: Bill Harmond

2/13/2017 12:44:37 PM

of 57684

12:37

VLKAY Volkswagen AG confirms agreement with Mobileye (MBLY); future Volkswagen models will use Mobileye's camera-based map and localisation technology (31.75 +0.59)

Volkswagen and Mobileye are planning to implement a new navigation standard for autonomous driving starting in 2018. Future Volkswagen models will use the camera-based map and localisation technology Road Experience Management from Mobileye. Representatives of the two companies signed an agreement to this effect on 10 February. The wide-ranging cooperation was approved by Professor Amnon Shashua, Chairman and Chief Technology Officer of Mobileye, and Dr Herbert Diess, Chairman of the Board of Management of the Volkswagen brand. Mobileye and Volkswagen are taking the next step towards autonomous driving. In the future, both will be jointly collecting data and utilising this for a new generation of highly intelligent maps.

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