Toyota Motor Corp. (TM), a Japan-based auto manufacturer, launched a free smartphone navigation application to provide real-time information on traffic and emergency situations, according to a press release.   

Today’s release of TC Smartphone Navigation will expand on the company’s current paid app offering, T-Connect. Toyota’s proprietary traffic congestion information is collected via on-board data communication modules (DCM) and provides route suggestions for users to avoid traffic jams, the release noted.

In case of a disaster, a route history map linked to relief authorities is also available for free on Toyota’s website. The feature is powered by big data and is compatible with smartphones. The new app also features aerial disaster photographs that can be displayed in the route history map. Further upgrades are planned by mid-2017.

With a market valuation of $201.12 billion, Toyota’s stocks were trading at $117.56 as of 3:37 p.m. Thursday, a decline of .82 percent. (See also: Toyota's 4 Key Financial Ratios.)

In other company news today, Torrance, California-based Toyota Motor Sales U.S.A. Inc. reported November sales of 197,645 units, which was a 4.3 percent increase from the same month last year. (See also: Toyota to Start Mass-Producing Electric Vehicles By 2020.)

Citigroup downgraded Toyota’s stocks to Neutral in August and both Credit Suisse and Bank of America/Merrill Lynch lowered their listings to Neutral in February.

 

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