A vehicular control system includes a plurality of cameras, a plurality of sensors and a central electronic control unit. Image data captured by at least one of the cameras and sensor data sensed by at least one of the sensors is provided to and processed at the central electronic control unit. Data relevant to a current geographical location of the vehicle is provided to and processed at the central electronic control unit. The central electronic control unit is operable to at least partially control the vehicle. The central electronic control unit may include a threat recognizer and a risk assessor. Responsive at least in part to threat recognition/evaluation by the threat recognizer and risk assessment by the risk assessor, the central electronic control unit may control at least one selected from the group consisting of (i) braking of the equipped vehicle and (ii) steering of the equipped vehicle.