Tesla to Rival Ford After Partnering With Intel's Mobileye: Next-Gen Driving Technology is Coming Soon

Ford wants to rival Tesla by partnering with Intel's (INTC) autonomous driving unit Mobileye to develop the next-generation driving technology. Yahoo Finance reported that Mobileye continues to "park some big business wins in its garage."

The financial details for the two companies' partnership were not provided yet. As part of the deal, Ford will be displaying the brand of Mobileye on its vehicle's infotainment screens. Camera-based technology systems are important to avoid car crashes. Mobileye's EyeQ is critical for active safety measures to prevent crashes. It can also enhance driver-assist systems such as General Motors' Super Cruise and Tesla's Autopilot feature.

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