Ford and Mobileye to Expand Partnership
Mobileye, a subsidiary of Intel (NASDAQ: INTC), will provide Ford Motor Company (NYSE: F) with the technology to power the automaker's next generation of driving and safety features. It will go into Ford vehicles across the globe, and will extend the existing collaboration between the two.
Under terms of the deal, Ford's next-generation cars and trucks will feature Mobileye's EyeQ technology, a camera-based system that aids drivers with pedestrian and vehicle detection as well as lane-keeping features. It will also include Active Drive Assist, the hands-free driving technology coming to Ford's all-new F-150 and the Mustang Mach-E.
"By customizing Mobileye's excellent software and sensing technology, Ford's great driver-assist features will continue to evolve and provide customers with confidence on the road throughout the life of their vehicles," said Lisa Drake, Ford's chief operating officer and vice president of global purchasing.
Source Fool.com
