Intel to acquire self-driving firm Mobileye for $15 billion

Boston Herald

Intel announced Monday it will acquire Mobileye in a deal worth about $15 billion, as the tech giant makes a deeper push into the growing self-driving vehicle market. In a statement, Intel says it plans to acquire Mobileye for $63.54 per share in cash. The equity value of the deal is $15.3 billion, while the enterprise value of the acquisition is $14.7 billion. "Mobileye brings the industry's best automotive-grade computer vision and strong momentum with automakers and suppliers," Intel CEO Brian Krzanich said in a statement. "Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers."


Intel to acquire self-driving firm Mobileye for $15 billion

USATODAY - Tech Top Stories

Intel announced Monday it will acquire Mobileye in a deal worth about $15 billion, as the tech giant makes a deeper push into the growing self-driving vehicle market. In a statement, Intel says it plans to acquire Mobileye for $63.54 per share in cash. The equity value of the deal is $15.3 billion, while the enterprise value of the acquisition is $14.7 billion. "Mobileye brings the industry's best automotive-grade computer vision and strong momentum with automakers and suppliers," Intel CEO Brian Krzanich said in a statement. "Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers."


Ford to invest $4 bln in new self-driving vehicle unit

Daily Mail - Science & tech

Ford said it would invest $4 billion through 2023 in its newly formed autonomous vehicle unit, Ford Autonomous Vehicles, as it looks to produce self-driving cars in the next three years. The No. 2 U.S. automaker said the new unit would include self-driving systems integration, autonomous vehicle research and advanced engineering. It will go up against Google parent Alphabet's Waymo, Uber, Tesla and doxens of other into the lucrative market. Ford recently announced a collaboration with Miami-Dade County in Florida to test its self-driving vehicle business model on the streets of Miami and Miami Beach. The No. 2 U.S. automaker said the new unit would include self-driving systems integration, autonomous vehicle research and advanced engineering.


Ford and Walmart to partner on self-driving deliveries

Engadget

Self-driving car collaborations are becoming increasingly commonplace. The latest team-up comes from Ford and Walmart -- two older-world companies using autonomous tech to combat nascent startup rivals and remain relevant in an ever-changing landscape. The eventual goal is to bring Walmart shopping items to customers in a self-driving Ford with the help of Postmates' delivery infrastructure. Initially, however, the venture will rely on human-driven cars designed to simulate how a self-driving vehicle would operate. Ford has already started testing its autonomous cars in Miami and Washington DC, with plans for commercial production by 2021.


Honda Buys Stake in GM Cruise Self-Driving Unit, to Invest $2 Billion

U.S. News

Honda, which has lagged behind many of its rivals in developing self-driving vehicles, is paying $750 million upfront for the minority stake in Cruise and will invest another $2 billion over 12 years, the companies said on Wednesday. Honda, GM and Cruise will jointly develop self-driving vehicles for deployment in ride services fleets around the world.