Delphi Automotive’s (DLPH) price jump of 6.6 percent, driven by analysts’ expectations of soon-to-be-announced strong quarterly earnings, wasn’t enough to carry the sagging Driverless Transportation Weekly Stock Index (D20). The D20 lost 1.05 points, or 0.7 percent, to close the week at 157.46, following the Dow, which dipped 0.8 percent, and the S&P 500, which slumped 0.7 percent.
Delphi’s other big news was that it announced a partnership with Mobileye (MBLY) to develop a fully autonomous driving systems for demonstration at CES 2017 and available for production by 2019. The Delphi and Mobileye partnership creates a formidable force in Driverless Transportation technology, combining Delphi’s sensor and vehicle computing hardware platform with Mobileye’s vision, mapping, and driving policy software.
Mobileye’s stock price rose 2.3 percent on the announcement, closing at $47.77 for the week.
The balance of the D20 was a mixed bag, with price losers outnumbering gainers 13 to seven. Tesla Motors’ (TLSA) stock price tumbled for the fourth consecutive week, closing at $219.99, down 2.2 percent as the market waits for Tesla’s 3Q production figures.
Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.
Nutonomy launched a self-driving taxi service in Singapore. The three-year-old startup, led by MIT alumni, beat Uber to the punch by offering its driverless taxis in a 2.5-square-kilometer area in Singapore’s business district. Singapore’s Economic Development Board took part in NuTonomy’s $16-million Series A financing in May of this year.
Yandex, Russia’s largest search engine company, is partnering with Russian truck maker Kamaz and Daimler to create a self-driving shuttle, not unlike Olli, which is operating near Washington, D.C. Yandex’s shuttle can seat 12 and has a range of 200 km (124 miles).