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Will Mobileye (MBLY) Stock Be Helped by Autonomous Systems Deals?

NEW YORK (TheStreet) -- Mobileye (MBLY - Get Report) has reached agreements with two automakers to supply systems for fully autonomous cars in 2019, the Wall Street Journal reports.

The Israel-based supplier of autopilot components declined to name the car companies that have signed up for the technology, but CTO Amnon Shashua told the Journal the deals are "fully committed" and "real programs" that will represent an inflection point for the industry.

Additionally, Mobileye is selling five auto makers including Volkwagen (VLKAY), BMW and GM a system that will allow 2018 vehicles to operate autonomously only when driving on the highway, the Journal notes.

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