VW's MAN to sell trucks with new digital services from 2017
- World stocks get the jitters as U.S. presidential debate looms
- LANXESS to Acquire Chemtura (CHMT) in ~$2.5B Deal
- Yen gains after Kuroda sticks to negative rate script
- Oil steady as market awaits Algiers meeting; funds cut bullish bets
- Clinton and Trump to square off in highly anticipated debate showdown
Signs of VW and MAN are pictured at a truck service centre in Dortmund July 4, 2011. REUTERS/Ina Fassbender
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
BERLIN (Reuters) - Volkswagen
Truck makers are looking for new revenue from connected services that can make vehicles safer and more efficient. For large truck fleets, that can mean big savings.
MAN has developed a cloud-based platform called RIO capable of connecting those in the freight transport business, including hauliers, dispatchers and receivers while feeding truck drivers traffic and navigation data, VW said on Tuesday.
Through RIO, logistics firms will be able to better use vehicle capacity, reduce empty journeys, save fuel and avoid traffic jams, VW said in a statement published on the eve of the Hanover trucks show.
"This is good news for our customers because their business will become more profitable," VW trucks chief Andreas Renschler said.
Europe's largest automaker has said it plans to invest hundreds of millions of euros to expand digital tools for trucks, as it aims to catch up with Daimler and other rivals on developing smart logistics and connected trucks.
Existing Daimler products include Fleetboard, launched in 2000. The software gathers data such as average speed and braking behavior, allowing freight operators to analyze driving styles and ultimately save 10 to 15 percent on fuel, Daimler has said.
RIO can be used by fleet operators, small and medium-sized hauliers and other firms, MAN digital chief Markus Lipinsky said, citing Continental and TomTom NV among initial partners.
"I'm convinced that no technology company can by itself cope with the complexity of logistics business," Lipinsky said. "That's why we're looking for contact with as many partners as possible."
(Reporting by Andreas Cremer)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Oman court jails journalists, closes down newspaper
- South African union backs Ramaphosa to succeed Zuma as ANC leader
- Rights group wants settlement soccer clubs to relocate inside Israel
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!