Is This Self-Driving Deal Bullish for Fiat Chrysler Automobiles?
Fiat Chrysler Automobiles (NYSE: FCAU) has finally joined the self-driving revolution.
The Italian-American automaker, which hasn't had a significant autonomous-driving research effort of its own, has agreed to join the self-driving research-and-development partnership established last year by BMW AG (NASDAQOTH: BAMXF), chip giant Intel (NASDAQ: INTC), and soon-to-be-Intel-subsidiary Mobileye (NYSE: MBLY).
The partnership intends to bring a scalable self-driving technology platform to market by 2021. Here's what we know about the deal, and what it could mean for FCA's long-suffering shareholders.
Source: Fool.com
Intel Corp. Stock
€18.38
-6.610%
Currently there is a rather positive sentiment for Intel Corp. with 22 Buy predictions and 16 Sell predictions.
Based on the current price of 18.38 € the target price of 38 € shows a potential of 106.79% for Intel Corp. which would more than double the current price.
