“We believe the door is still wide open for a partnership of Tom Tom with an industry player in automotive,” they said in a note, citing Toyota as a possible partner.Tom Tom’s revenue from map licensing is expected to grow for at least the coming year, with deals made in 2016 with Volkswagen and others offsetting a broader decline in group sales because of its declining satnav hardware business. “I want to focus the united company behind that goal, give the company a clearer profile,” he told Reuters.
Because turnaround times are of such importance, during the last bid for outsourced maintenance, the city built times into the contract and established penalties for instances when they weren’t met.
The maintenance provider struggled to meet the agreed-upon time frames — and fleet staff spent far too much time checking turnaround times, fleet availability, and percentages to assess penalties.
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“I’m confident the car industry will get together and say what’s going on here? The car industry is notorious for not allowing single-source components into its development chain.” Goddijn said he could not comment on how Tom Tom would use proceeds from a sale of the telematics business, but a cash injection would clearly be welcome for a company that spends more than 100 million euros a year to maintain and develop its mapping technology.
ING analysts, who rate Tom Tom shares a buy, said a sale of the telematics division could be a precursor to further strategic moves.
While Campbell and team knew all of this data, the one thing they didn’t actually know was the technical staff. ” Those conversations (and there were many) spawned the important next step: writing a business plan.
Because the city’s fleet team was only allowed to talk to management for the outsourced company and not directly to the workers on the shop floor, they missed out on interactions that could have resulted in improved performance, greater efficiency, and reduced costs. The management team met weekly to map out its “new business” of in-house parts and maintenance.
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