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Mobileye shares set for highest close in nearly a year after driverless-car push

Mobileye NV shares soared Tuesday after the Israeli-based maker of advanced driver-assistance systems and the auto-parts maker Delphi Automotive PLC said they have joined forces in the driverless-car arena.

Mobileye MBLY, +6.79% stock was poised to end at its highest level since Sept. 8, when it closed at $52.61. Tuesday’s bump was the largest for the stock since a 10% increase in late June. Shares are down 22%, however, from a record high of $64.14 hit on Aug. 17, 2015.

See also:Mobileye, Delphi team up to develop self-driving technology

Mobileye and Delphi DLPH, +4.06% said earlier Tuesday they hope their partnership will result in off-the-shelves systems that car makers could put to use in early 2019.

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