TOM2 TomTom NV

Ford Awards TomTom Global Traffic Service Deal for Next-Generation SYNC Connected Vehicle System

Ford Awards TomTom Global Traffic Service Deal for Next-Generation SYNC Connected Vehicle System

Ford’s all-new Mustang Mach-E electric vehicle and the all-new F-150 to include TomTom Traffic

DETROIT, July 02, 2020 (GLOBE NEWSWIRE) -- TomTom (), the location technology specialist, has been awarded a global multi-year deal to power Ford’s next-generation SYNC® with its real-time traffic service. Ford’s all-new 2021 F-150 pickup – revealed just days ago – and the soon to be delivered all-electric Mustang Mach-E SUV are the first Ford vehicles available with the technology.

provides accurate, real-time traffic information, which will keep Ford drivers informed and can help them reduce their travel time. TomTom’s traffic service processes over 70 million driving hours every day, derived from billions of de-identified data points. By updating its big data every 30 seconds, TomTom can predict traffic before it even happens.

“Automakers choose TomTom Traffic for its accuracy, freshness and reliability,” said Antoine Saucier, Managing Director, TomTom Automotive. “Ford’s decision to include TomTom Traffic in its new SYNC connected vehicle technology is another step towards our vision of a world free of congestion.”

TomTom’s real-time traffic service is available in 79 countries around the world, powered by over 600 million connected devices. The service is used by car manufacturers, app developers and enterprises across a range of mobility applications.

About TomTom

TomTom is the leading independent location technology specialist, shaping mobility with highly accurate maps, navigation software, real-time traffic information and services.

To achieve our vision of a safer world, free of congestion and emissions, we create innovative technologies that keep the world moving. By combining our extensive experience with leading business and technology partners, we power connected vehicles, smart mobility and, ultimately, autonomous driving.

Headquartered in Amsterdam with offices in 30 countries, TomTom’s technologies are trusted by hundreds of millions of people worldwide.

About Ford Motor Company

Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification; mobility solutions, including self-driving services; and connected services. Ford employs approximately 188,000 people worldwide. For more information regarding Ford, its products and Ford Motor Credit Company, please visit .

For Further Information:

TomTom Communications:



TomTom Investor Relations:

Ford Communications:

Wes Sherwood

A photo accompanying this announcement is available at

EN
02/07/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TomTom NV

TomTom N.V.: 1 director

A director at TomTom N.V. bought 16,224 shares at 5.130EUR and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...

 PRESS RELEASE

TomTom maps to support Qualcomm Aware Platform

TomTom maps to support Qualcomm Aware Platform Qualcomm to utilize TomTom’s global map data to assist in providing efficient, secure, and comprehensive asset tracking solutions worldwide.Combining Qualcomm’s broad array of connected devices and TomTom’s mapmaking expertise provides a fully integrated, flexible platform to meet various asset visibility needs and address the most challenging use cases across industries. AMSTERDAM, April 30, 2024 (GLOBE NEWSWIRE) -- TomTom () the location technology specialist today announced it has been selected by a global leader in wireless technology...

Marc Hesselink ... (+3)
  • Marc Hesselink
  • CFA
  • Thymen Rundberg

TomTom/Binary outcome/HOLD

We see a binary outcome for the TomTom investment case. The company highlights commercial traction with the new Orbis map platform but we did not see tangible proof of this yet. Given the high fixed cost base and consequently high operational leverage this commercial traction is key and is the difference between low growth or high growth and cash generation. We remain in the middle but believe that the current 2025 ambition is too demanding. We reiterate our HOLD and cut our target price to €6.0...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

ASML: 1Q24 Results; weak orders but case intact. CM.com: Reasonable 1Q24 trading update, positive EBITDA surprise. Just Eat Takeaway.com: 1Q24 trading update - slowly creeping back to order growth. Staffing: Dutch period 3 - March volume and revenue seeing slight recovery in the trend. TomTom: 1Q24 results - touch weaker but no major surprises

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

ASML: Preview 1Q24 – Building momentum. Fastned: Preview 1Q24 trading update. TomTom: Preview 1Q24, limited changes vs FY23. Xior Student Housing: Final formal step for the Basecamp deal

ResearchPool Subscriptions

Get the most out of your insights

Get in touch