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Wells Fargo Positive on Mobileye (MBLY), Delphi (DLPH) Mobility Partnership; Affirms at 'Outperform'

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Mobileye and Delphi to Establish Partnership for SAE Level 4/5 Automated Driving Solution for 2019

August 23, 2016 1:00 AM EDT

JERUSALEM, Israel and GILLINGHAM, England, Aug. 23, 2016 /PRNewswire/ -- Mobileye (NYSE: MBLY) and Delphi Automotive PLC (NYSE: DLPH) announced today a partnership to jointly develop a complete SAE Level 4/5 automated driving solution. The program will result in an end-to-end production-intent fully automated vehicle solution, with the level of performance and functional safety required for rapid integration into diverse vehicle platforms for a range of customers worldwide. The partners' CSLP platform will be demonstrated in combined urban and highway driving at the 2017 Consumer Electronics Show in Las... More