Update: Mobileye, Volkswagen Working Together to Develop Self-Driving Vehicle; Mobileye Shares Rise-March 2024-www.financetom.com

Update: Mobileye, Volkswagen Working Together to Develop Self-Driving Vehicle; Mobileye Shares Rise

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Update: Mobileye, Volkswagen Working Together to Develop Self-Driving Vehicle; Mobileye Shares Rise

Mar 20, 2024 8:43 AM

11:22 AM EDT, 03/20/2024 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.)

Mobileye Global ( MBLY ) shares were rising almost 6% in recent trading Wednesday after it entered into a cooperation agreement with Volkswagen ADMT to develop a self-driving system for Volkswagen's ID.Buzz electric vehicle.

Volkswagen said Mobileye will develop and supply software, hardware and digital maps for the ID.Buzz.

Financial terms were not disclosed.

Price: 30.05, Change: +1.68, Percent Change: +5.92

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