Stocks To Watch; Nokia Corporation (ADR) (NYSE:NOK) And Toyota Motor Corporation (ADR) (NYSE:TM) Declares Navigation and Infotainment Systems Collaboration

NokiaNokia Corporation (ADR) (NYSE:NOK) unveiled on Thursday that Toyota Motor (NYSE:TM) in Europe is the latest automotive brand that choose the HERE platform. That is Nokia Local Search for Automotive to power its new generation Touch & Go navigation and infotainment systems. Nokia local search for automotive is a precisely designed solution developed to achieve the requirements of the automotive industry.

As the Toyota Motor Corporation (ADR) (NYSE:TM) is the first major Automotive brand to leverage best in Class which use Nokia mapping technology for its local search for automotive.

The description of this service, how Nokia’s HERE business is continuing to cover its industry-leading portfolio of products to see the essentials of its automotive customers.

By mean of The Nokia Local Search for Automotive, Toyota drivers will have fast and stress-free online access to the newest high-quality industry mapping information and community-generated content – counting millions of ratings, reviews and images fed directly into their cars.

General Manager, Telematics & Multimedia, Toyota Motor Europe, Derek Williams stated that the capability to deliver complete and driver-relevant content custom-made to automotive necessities makes the Nokia Location Platform an interesting proposition. He added that it is an outstanding basis for creative location-centric concepts and they are pleased to bring this technology to their customers.

Nokia Local Search for Automotive is anticipated to be commercially accessible in Toyota systems from early 2014 in Europe, Russia and the Middle East, he stated.

While moving forward, Toyota Motor Europe will team up with Nokia to study more services that leverage the Nokia Location Platform, comprising best-in-class content. Nokia is presently the leading firm offering end-to-end mapping, navigation plus location solutions for the auto industry.

The VP Sales & Business Development EMEA, Eric Fumat stated that Nokia (NOK) and Toyota (TM) share same vision that the in-vehicle location experience should be immersive. Today’s declaration emphasizes Nokia’s promise to provide fresh content and services to the automobile industry so it can provides innovative consumer solutions.

NOK shares fell -5.13% to $3.88 on Thursday in pre-market.

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