Germany-based car maker Porsche is in talks to buy a 10% stake in Mobileye, a US-based developer of vision-based driver assistance systems, according to news provider Calcalist.
Mobileye has a wide range of tier one partners, including Autoliv, Delphi, Continental AG/Siemens VDO, Magna Electronics, Leopold Kostal, TRW Automotive Mando Corporation and SL Corp
MobilEye has had no disclosed purchaser after raising $157m since 1998 from Goldman Sachs and Motorola among others.