We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Toyota (TM) Nominates ZF & Mobileye for Advanced Safety Technology
Read MoreHide Full Article
Toyota Motor Corporation (TM - Free Report) recently picked German Tier 1 supplier ZF and Mobileye, an Intel Corporation (INTC - Free Report) company, for the development of Advanced Driver Assistance Systems (ADAS) to meet global safety regulations for use in upcoming Toyota vehicles.
Mobileye is a developer of chips for car cameras and driver-assistance features. ZF is a leading producer of automotive cameras driven by Mobileye technology.
As part of the collaboration, ZF and Mobileye will jointly work to produce advanced camera technology integrated with ZF radar technology to power advanced driver assistance platforms in Toyota vehicles. Mobileye’s EyeQ 4 will be merged with ZF’s Gen21 mid-range radar technology to comprehend the environment around Toyota vehicles. These technologies, in collaboration, will help alleviate accidents, while resulting in superior vehicle control. Moreover, these innovative technologies will deliver robust performance for ADAS functions.
Per the agreement, ZF will also take the onus if supplying its Gen21 mid-range radar and integrating camera and radar in Toyota vehicles. ZF’s Gen21 mid-range radar is a high-performance front radar, assisting in pedestrian detection with features like automatic emergency braking and adaptive cruise control.
The latest agreement marks the first time that ZF and Mobileye have been nominated by Toyota. Both ZF and Mobileye are ecstatic about the new relationship with Toyota as it will help the companies extend the reach of Mobileye and ZF safety technology worldwide.
For Toyota, this agreement is a victorious deal as ZF and Mobileye are considered an undefeatable combination for safety technology. This is because the two companies have a state-of-the-art approach toward enhancing road safety with features like automatic emergency braking and lane keeping. Moreover, the development of ADAS integrated with vision and radar sensors is a key step toward fully-automated self-driving systems.
The new systems will be integrated in a variety of Toyota cars, trucks and utility vehicles over the coming few years. Reportedly, these systems can further be upgraded with additional sensors and technologies, such as laser-based lidar and dynamic mapping.
Notably, shares of the company have appreciated 35.9% in the past year compared with its industry’s rise of 42.8%.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
Toyota (TM) Nominates ZF & Mobileye for Advanced Safety Technology
Toyota Motor Corporation (TM - Free Report) recently picked German Tier 1 supplier ZF and Mobileye, an Intel Corporation (INTC - Free Report) company, for the development of Advanced Driver Assistance Systems (ADAS) to meet global safety regulations for use in upcoming Toyota vehicles.
Mobileye is a developer of chips for car cameras and driver-assistance features. ZF is a leading producer of automotive cameras driven by Mobileye technology.
As part of the collaboration, ZF and Mobileye will jointly work to produce advanced camera technology integrated with ZF radar technology to power advanced driver assistance platforms in Toyota vehicles. Mobileye’s EyeQ 4 will be merged with ZF’s Gen21 mid-range radar technology to comprehend the environment around Toyota vehicles. These technologies, in collaboration, will help alleviate accidents, while resulting in superior vehicle control. Moreover, these innovative technologies will deliver robust performance for ADAS functions.
Per the agreement, ZF will also take the onus if supplying its Gen21 mid-range radar and integrating camera and radar in Toyota vehicles. ZF’s Gen21 mid-range radar is a high-performance front radar, assisting in pedestrian detection with features like automatic emergency braking and adaptive cruise control.
The latest agreement marks the first time that ZF and Mobileye have been nominated by Toyota. Both ZF and Mobileye are ecstatic about the new relationship with Toyota as it will help the companies extend the reach of Mobileye and ZF safety technology worldwide.
For Toyota, this agreement is a victorious deal as ZF and Mobileye are considered an undefeatable combination for safety technology. This is because the two companies have a state-of-the-art approach toward enhancing road safety with features like automatic emergency braking and lane keeping. Moreover, the development of ADAS integrated with vision and radar sensors is a key step toward fully-automated self-driving systems.
The new systems will be integrated in a variety of Toyota cars, trucks and utility vehicles over the coming few years. Reportedly, these systems can further be upgraded with additional sensors and technologies, such as laser-based lidar and dynamic mapping.
Toyota, peers of which include Honda Motor (HMC - Free Report) and Daimler AG , currently carries a Zacks Rank of 3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Notably, shares of the company have appreciated 35.9% in the past year compared with its industry’s rise of 42.8%.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>