Mobileye rises on deal to supply Stellantis with cloud-based driver assistance tech
BUZZ-Mobileye rises on deal to supply Stellantis with cloud-based driver assistance tech ** Shares of autonomous driving technology company Mobileye Global MBLY.O rise 4.3% to $9.34 premarket
** Co to supply cloud-enhanced driver assistance technology for select future Stellantis vehicles from 2027
** Says the technology supports features including hands-free, eyes-on driving in designated areas and conditions
** The first planned applications are expected in select U.S. models next year
** Up to last close, stock down about 14.3% YTD
(Reporting by Anzar Mehraj in Bengaluru)
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