Mobileye is closing its aftermarket division, which provides collision warning and lane departure warning systems. 130 employees will be laid off, 90 of them in Israel.
Almost all car manufacturers are already installing warning systems on the production line, and the company's systems unit for installation in existing and used vehicles has become loss-making. Mobileye itself is not meeting its sales targets due to a decrease in the rate of orders for its autonomous driving systems, says Prof. Amnon Shashua, President and CEO of Mobilay.