TomTom Signs Deals w/Fiat and Toyota

[offthegrid]

The stock got a nice bump today with these announcements. They are on a roll having just signed a deal with Intel's Telmap and renewing with Mitac.

http://corporate.tomtom.com/releasedetail.cfm?ReleaseID=744983

http://corporate.tomtom.com/releasedetail.cfm?ReleaseID=744991

 

[mvl]

Tomtom as partnered with Fiat & Toyota for quite some time now.

I think the bump is because HD traffic capability is becoming standard on most (all?) European Toyota models. That would be a huge win for initial sales and ongoing subscriptions.

 

[mvl]

Tomtom just announced a deal with Mercedes - that's a huge new win and likely to be another huge stock pop....

It's still quite annoying that none of these manufacturers (other than Fiat & Mazda) are moving Tomtom technology to the USA.

 

[offthegrid]

This is just for traffic. Toyota uses Harman in Europe for the gps from what I have read.

Tomtom as partnered with Fiat & Toyota for quite some time now.

I think the bump is because HD traffic capability is becoming standard on most (all?) European Toyota models. That would be a huge win for initial sales and ongoing subscriptions.

 

[canderson]

TomTom has a prior relationship with Toyota for in-dash units in Europe. Prices are insane, though:
http://accessories.toyota.ie/index.php/catalogue/detail/toyota-navigation-system-tns410
and
http://accessories.toyota.ie/index.php/catalogue/detail/toyota-navigation-system-tns400