Apple, Google Car Apps Get Pushback from Ford, Toyota, Stock News – Stock Market Analysis

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CES: Apple, Google Car Apps Get Pushback From Ford, Toyota

  • REINHARDT KRAUSE
  • 1/04/2017

Apple‘s (AAPL) CarPlay and Google’s Android Auto are facing a thrust back from automakers led by Ford Motor Co. (F) and Toyota Motor (TM).

Ford and Toyota on Wednesday said four medium-sized automakers — Mazda Motor, PSA Group, Fuji Strong Industries and Suzuki Motor Corp. — have joined their SmartDeviceLink Consortium, which aims to develop an open-source software platform that app developers can use as an alternative to Apple’s CarPlay and Google’s Android Auto.

Apple and Google have revved up efforts to integrate their smartphone technologies with auto communications systems.

Apple’s CarPlay technology is built around its iOS software. Alphabet (GOOGL)-owned Google unveiled an “autocentric” variant of Android N at its Google I/O developer’s conference in May. General Motors (GM) and Harman (HAR) have announced plans to build Android-based infotainment systems for GM vehicles.

IBD’s TAKE: Apple stock has formed a cup pattern with a technical buy point of 118.79. Learn more on Apple at IBD Stock Checkup.

Toyota plans to launch a fresh infotainment system that integrates SDL in 2018, Bloomberg reported.

QNX Software Systems, a subsidiary of BlackBerry (BBRY), has also shoved into Web-connected infotainment and telematics systems, along with AT&T (T).

Ford and Toyota announced the fresh consortium members at the CES consumer electronics showcase, which is going on all week in Las Vegas. Ford stock hit a five-month high, rising Four.6% to 13.17 in the stock market today, helped by solid December U.S. sales. Toyota stock rose Two.2%.

Google and Fiat Chrysler Automobiles (FCAU), which have teamed on autonomous-driving technology, on Tuesday said they would expand their relationship to create an in-car infotainment system using Google’s software.

Chipmaker Intel (INTC) on Tuesday said it will buy a 15% stake in Here, a developer of digital mapping technology for self-driving cars, deepening its ties to German automakers as well as to auto tech rock-hard Mobileye (MBLY).

Autonomous vehicles and next-generation auto technology again are again taking the spotlight at CES along with the Internet of Things — web-connected consumer and industrial devices.

On Wednesday, Mobileye, Intel and BMW announced that they will roll out autonomous vehicles for testing in the 2nd half of two thousand seventeen as part of their plan to sell self-driving cars to consumers in a few years.

Apple, Google Car Apps Get Pushback from Ford, Toyota, Stock News – Stock Market Analysis

Technology

Visit the IBD Store to get embarked.

Technology

CES: Apple, Google Car Apps Get Pushback From Ford, Toyota

  • REINHARDT KRAUSE
  • 1/04/2017

Apple‘s (AAPL) CarPlay and Google’s Android Auto are facing a thrust back from automakers led by Ford Motor Co. (F) and Toyota Motor (TM).

Ford and Toyota on Wednesday said four medium-sized automakers — Mazda Motor, PSA Group, Fuji Strong Industries and Suzuki Motor Corp. — have joined their SmartDeviceLink Consortium, which aims to develop an open-source software platform that app developers can use as an alternative to Apple’s CarPlay and Google’s Android Auto.

Apple and Google have revved up efforts to integrate their smartphone technologies with auto communications systems.

Apple’s CarPlay technology is built around its iOS software. Alphabet (GOOGL)-owned Google unveiled an “autocentric” variant of Android N at its Google I/O developer’s conference in May. General Motors (GM) and Harman (HAR) have announced plans to build Android-based infotainment systems for GM vehicles.

IBD’s TAKE: Apple stock has formed a cup pattern with a technical buy point of 118.79. Learn more on Apple at IBD Stock Checkup.

Toyota plans to launch a fresh infotainment system that integrates SDL in 2018, Bloomberg reported.

QNX Software Systems, a subsidiary of BlackBerry (BBRY), has also shoved into Web-connected infotainment and telematics systems, along with AT&T (T).

Ford and Toyota announced the fresh consortium members at the CES consumer electronics showcase, which is going on all week in Las Vegas. Ford stock hit a five-month high, rising Four.6% to 13.17 in the stock market today, helped by solid December U.S. sales. Toyota stock rose Two.2%.

Google and Fiat Chrysler Automobiles (FCAU), which have teamed on autonomous-driving technology, on Tuesday said they would expand their relationship to create an in-car infotainment system using Google’s software.

Chipmaker Intel (INTC) on Tuesday said it will buy a 15% stake in Here, a developer of digital mapping technology for self-driving cars, deepening its ties to German automakers as well as to auto tech hard Mobileye (MBLY).

Autonomous vehicles and next-generation auto technology again are again taking the spotlight at CES along with the Internet of Things — web-connected consumer and industrial devices.

On Wednesday, Mobileye, Intel and BMW announced that they will roll out autonomous vehicles for testing in the 2nd half of two thousand seventeen as part of their plan to sell self-driving cars to consumers in a few years.

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