MagnaWorks(R), a business group of Magna International(R) Incorporated (NYSE:MGA), today announced the availability to vehicle manufacturers of Navex(TM), the first true, turn-by-turn telematics navigation system.

Telematics systems differ from other navigation systems currently available because of their ability to provide true, turn-by-turn route guidance to drivers at markedly lower cost — less than $500 per vehicle — by using a wireless network.

With the availability of the Navex telematics navigation system, vehicle manufacturers can offer their customers the safety and convenience of in-vehicle navigation at substantially reduced costs to drivers, according to Gary N. Benninger, vice president, MagnaWorks.

Operation of the Navex system is straightforward. Using the cellular network, drivers initiate voice communications with the telematics service provider’s call center outlining their intended destination. From the call center, the drivers’ current locations are confirmed via GPS satellite positioning. After calculating the optimal routes, the call center transmits the routes back to the vehicles. The system then uses both verbal and visual prompts to provide turn-by-turn directions to guide the drivers to their selected destinations.

Telematics navigation hardware is less susceptible to obsolescence compared to conventional on-board navigation systems. “By using a central database at the call center rather than in each separate vehicle, we can continuously update, expand and otherwise upgrade the quality of route information provided to Navex users,” says Benninger.

“With the introduction of the Navex telematics navigation system, MagnaWorks offers vehicle manufacturers the safety and convenience of a true, turn-by-turn navigation system for a fraction of the cost of competitive on-board systems.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.