Fifteen price gainers ensured the Driverless Transportation Weekly Stock Index (D20) would rise for the second straight week, while we prepare for Autoliv to join the index.
The D20 added 2.53 points to close at 221.82 for a 1.2-percent gain. It doubled up the Dow, which gained 0.6 percent to finish the week at 21,812.67, and also beat the S&P 500, which rose 0.7 percent.
Leading price percentage gainers Blackberry (BBRY) and Magna International (MGA) each added 3.6 percent to their stock prices this week.
With Intel completing its acquisition of Mobileye (MBLY) soon, the D20 will be deciding upon a new stock to replace it in the index.
Mobileye was a pure play in the driverless field, as its only products were driverless or assisted driving systems. One consideration was to replace it with Intel (INTC), who is buying Mobileye. But this would make the D20 act more like the big indexes, as Intel is a member of both the Dow and S&P500.
Another thought was to replace them with another auto manufacturer like Toyota (NYSE:TM), but with six car companies already, the D20 is over-represented with automobile manufacturers.
In the end, we at DriverlessTransportation.com decided AutoLiv will replace Mobileye in the D20.
Autoliv is a global firm headquartered in Sweden and traded on the NYSE. There is large enough volume of trades to make their stock active enough to add to the D20. Their products are automotive safety-related. They have two divisions–passive safety, which manufactures airbags, seatbelts and steering wheels, and active safety, which designs and delivers collision avoidance, radar and vision systems.
Autoliv recently formed a joint venture with Volvo called Zenuity to sell driverless cars based on NVIDIA’s Drive PX platform.
Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.
Cubic Telecom, a Dublin, Ireland startup, announced that is has raised $46.5 million in a Series C venture round to increase the size of its engineering team. Cubic’s software solution enables car manufacturers to build cars with common “connected” hardware and be able to sell them in countries with different “connected” protocols and service providers. Audi and Qualcomm were investors in this round.