Blog Coverage Fiat Chrysler Automobiles and Google Further their Partnership with an Android Based In-Vehicle Infotainment System

LONDON, UK / ACCESSWIRE / January 4, 2017 / Active Wall St. blog coverage looks at the headline from Fiat Chrysler Automobiles N.V. (NYSE: FCAU) (“FCA”) and Alphabet Inc. (NASDAQ: GOOGL)’s Google teams up following an announcement on January 02, 2016 that they will unveil a next-generation connected car system by integrating FCA’s Uconnect car display console with Google’s Android operating system. The prototype of the new combined Uconnect with Android system will be showcased inside a Chrysler 300 sedan during the CES 2017 technology trade show which is scheduled from January 05-08, 2017 at Las Vegas. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

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FCA is the seventh largest Automotive company based on its annual sales and designs, engineers, manufactures and sells vehicles under the Chrysler, Jeep, Dodge, Ram, and FIAT brands.

Commenting on the new prototype, Chris Barman, Head of Electrical Engineering FCA said:

“With Android, we are able to maintain our unique and intuitive Uconnect user interface, all while integrating our easy-to-use systems with Android’s features and ecosystem of applications.”

Patrick Brady, Director of Android Engineering, Google added:

“This collaboration with FCA brings together the industry standard for connected car systems with Android to create powerful infotainment systems designed for the digital age.”

About the integrated Uconnect with Android system

The prototype dashboard screen will use FCA’s 8.4-inch connected vehicle system Uconnect and will be integrated with the latest version of Google’s Android, 7.0 Nougat. The integrated system is built for connectivity and compatibility with several popular Android applications available on the various smartphones. The new system has been integrated with Google Assistant, Google Maps, and Android apps like Pandora, Spotify, NPR One, and Pocket Casts. Both companies are fine tuning the prototype so that it includes features like radio tuning and climate controls.

FCA’s engineers and Google are working on the next version the Uconnect Android infotainment software so that it does not remain just a prototype but can be used in the cars manufactured by the FCA in future.

Win – Win situation for both

The collaboration is a win-win situation for both companies. On one hand, FCA will be able to offer one of the most advanced infotainment systems to its customers and on the other hand it will help Google expand its reach across other car manufacturers. Google also gets a one-up over rival Apple’s CarPlay. Since the Android system is an open source operating platform it can be easily customized, which makes it very attractive for auto manufacturers.

This new prototype is seen as an upgraded and complex version of Google’s Android Auto which was launched in 2015. Android Auto allows Android smartphones to be operated in automobiles through the dashboard’s head unit. In May 2016, Google had demonstrated the system after it installed the Android Auto system in a Maserati Quattroporte, and used Nougat to power the entire console, including the speedometer and other gauges.

The new system is not in any way linked with the existing FCA – Google partnership for self-driving minivans for Waymo. FCA and Google have an existing partnership with specially designed Chrysler Pacifica Hybrid minivans which are a part of Waymo’s self-driving car fleet. Incidentally, Waymo and Google are both subsidiaries of Alphabet Inc.

Stock Performance

At the closing bell on January 03, 2017, FCA’s stock closed the trading session at $9.55, rising 4.71% from its previous closing price of $9.12. A total volume of 8.81 million shares have exchanged hands. Fiat Chrysler’s stock price advanced 23.39% in the last month, 47.83% in the past three months, and 68.13% in the previous six months. The stock is trading at a PE ratio of 8.60 and currently has a market cap of $12.31 billion.

At the closing bell, on Tuesday, January 03, 2017, Google parent company Alphabet’s (GOOGL) stock rose 1.96%, ending the trading session at $808.01. A total volume of 1.96 million shares were traded at the end of the day, which was higher than the 3-month average volume of 1.87 million shares. In the last month and previous six months, shares of the Company have advanced 5.71% and 14.63%, respectively. Moreover, the stock gained 1.96% since the start of the year. Shares of the company have a PE ratio of 29.57 and have a market capital of $557.17 billion.

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