|
|
Article: MagnaWorks Announces Availability of Navex Automotive Telematics Navigation System.
- Article from:
- Business Wire
- Article date:
- October 16, 2000
CopyrightCOPYRIGHT 2000 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors, Automotive Writers
FARMINGTON HILLS, Mich.--(AutomotiveWire)--Oct. 16, 2000
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 ...