D20 Stock Index Closes Out 2016 With a Slight Dip
The Driverless Transportation Weekly Stock Index (D20) retreated from an all-time high and three consecutive weeks of gains by dropping 2.41 points, or 1.4 percent, to close the week (and the year) at 174.04.
Fourteen price losers and only six price gainers ensured that the D20 followed the Dow, which slumped 0.9 percent, and the S&P 500, which fell 1.1 percent.
Mobileye (MBLY) had a great week, closing the year by announcing that it had partnered with HERE to provided crowd-sourced High Definition (HD) mapping. Its stock rose 9.73 percent to close at $38.12. Audi, Mercedes and BMW purchased HERE, a detailed mapping data provider, from Nokia in early 2016.
Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.
Up-and-Comers:
Automile, a Palo Alto-based startup, has secured $7.5 million in Series A funding to build out and expand its fleet logistics and management business. It is a telematics play allowing fleet managers to easily install a device under the dash to report back mileage logs, trip statistics, real-time location tracking and accident alerts, as well as plan predictive maintenance.
D20 constituent company, Magna (MGA) has teamed up with LiDAR-maker Innoviz to complete its suite of sensing technologies for driverless vehicle systems. Innoviz is developing a solid-state LiDAR system that has a target cost of $100 per unit and a small physical footprint. Magna is a key Tier 1 supplier to almost every major automaker.