BMW Reportedly Working With Mobileye and Intel on Self-Driving Car Technology

Shares of Mobileye (MBLY) are higher in Thursday's session on news that BMW is working with the company and Intel (INTC) - Get Report to develop self-driving car technology, according to a Bloomberg report. The Israel-based company has been a leader in developing vision-based advanced driver assistance system. Senior executives from each company are scheduled to hold an event on Friday to discuss the driverless vehicle initiative.

This article was written by a staff member of TheStreet.