Mobileye has decided to wind down its aftermarket solutions unit. The company noted that this move will focus Mobileye's resources on the opportunities for delivering more advanced forms of driver assist technologies and autonomous driving. The company does not expect this action to have any material impact on 2024 results.
Amnon Shashua, President and CEO of Mobileye, said: "The success of Mobileye's built-in ADAS solutions has diminished the opportunities for retrofit solutions to the point where it is no longer viable to continue the retrofit solutions activity."
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.