To overcome system latency and network delay is essential for intervehicle communication (IVC) applications such as hazard alarming and cooperative driving. This paper proposes a low-cost embedded software system dedicated to such applications. It consists of two basic component layers: an operating system, named HEROS (hybrid event-driven and real-time multitasking operating system), and a communication protocol, named CIVIC (Communication Inter Véhicule Intelligente et Coopérative). HEROS is originally designed for wireless sensor networks (WSNs). It contains a component-based resource-aware kernel and a low-latency tuple-based communication system. Moreover, it provides a configurable event-driven and/or real-time multitasking mechanism for various embedded applications. The CIVIC is an autoconfiguration cooperative IVC protocol. It merges proactive and reactive approaches to speed up and optimize location-based routing discovery with high-mobility nodes. Currently, this embedded system has been implemented and tested. The experiment results show that the new embedded system has low system latency and network delay under the principle of small resource consumption.