AutoComplete: Intel buys Mobileye for $15B to boost self-driving effortsPlus: Nio releases a new concept at SXSW, and Porsche issues three recalls.
Here's what making news on Road Show. Intel's making a big move into the world of autonomous cars. The company's purchasing Israeli self-driving tech firm Mobileye for about 15 billion. Mobileye currently covers about 70% of the driver assistance market. So Intel picks up a powerful chunk of the supply chain While lending its chip making efforts to a company that could use an in house solution. The deal is expected to close within nine months. You wouldn't think South by Southwest would be a place for a vehicle debut but NIO thinks otherwise. It used the festival to launch its EVE, an autonomous electric concept that boasts a fully reclining rear seat and touch operated glass displays. It previews a model NIO is hoping to bring to market by 2020, although that one will probably include actual windows and a steering wheel. Porsche has issued a trio of recalls for safety issues that relate to collisions. The first covers just 21 convertibles, for windshields that may pop out during an accident. The second covers 120 vehicles for a front passenger airbag that may not deploy in a collision. The third and final recall is the biggie, involving 17,000 plus examples of its popular Macan crossover, for a sensor that may deactivate the passenger airbag, even when an occupant is present. Find more on these stories over at theroadshow.com. We'll talk to you tomorrow.