We present an exact solution of a probabilistic cellular automaton for traf
fic with open boundary conditions, e.g., cars can enter and leave a part of
a highway with certain probabilities. The model studied is the asymmetric
exclusion process (ASEP) with simultaneous updating of all sites. It is equ
ivalent to a special case (upsilon(max) = 1) of the Nagel-Schreckenberg mod
el for highway traffic. which has found many applications in real-time traf
fic simulations. The simultaneous updating induces additional strong short-
range correlations compared to other updating schemes. The stationary state
is written in terms of a matrix product solution. The corresponding algebr
a, which expresses a system-size recursion relation for the weights of the
configurations. is quartic, in contrast to previous cases, in which the alg
ebra is quadratic, Wt derive the phase diagram and compute various properti
es such as density profiles. two-point functions, and the fluctuations in t
he number of particles (cars) in the system. Thr current and the density pr
ofiles can be mapped onto the ASEP with other time-discrete updating proced
ures. Through use of this mapping. our results also give new results for th
ese models.