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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.
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The global automotive supplier will collaborate with BMW Group, Intel and Mobileye to develop a model for highly and fully automated driving.
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General Motors and Mobileye have been granted permission to test autonomous vehicles in Israel following approval from Israel’s Ministry of Transport.
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These fleet professionals were able to improve driver safety by adapting their safety policies to an ever-changing industry.
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The automotive technology supplier enters a partnership that also includes Intel and Mobileye.
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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.
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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.
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Mobileye and HERE will collaborate on several autonomous driving technologies, including high-definition live mapping that could included crowd-sourced data, the companies announced.
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The two companies announce plans to showcase their turnkey, fully integrated automated driving solution next month during CES 2017.
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During the 2016 Fleet Europe Forum, which is taking place in Barcelona, Spain, fleet managers and stakeholders were honored during the Forum’s annual awards ceremony recognizing achievements in fleet management, safety, and technology.
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