Ford Motor Company, PSA Peugeot Citroën and Renault-Nissan yesterday announced they#;ll jointly develop telematics systems for European motorists. The new company is said to be the first telematics co-operation between three car manufacturers, with all three holding an equal share.
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The future company, as yet unnamed, will combine the telematic capabilities and technologies of the three manufacturers to develop a shared European infrastructure capable of providing each with services for their customers.
The joint venture will specifically target a reduction in the cost to customers of providing telematics services by achieving economies of scale and by sharing experience and know-how gained from existing telematics facilities.
