Verizon, Automakers Form Venture
Verizon and several major car manufacturers- including BMW, Honda, Hyundai, Toyota and Kia- Wednesday announced the formation of the 4G Venture Forum for Connected Cars. The initiative is meant to "accelerate the pace of innovation across the automotive and telematics 4G LTE ecosystem," the parties said in a statement.
"There are many challenges to designing next generation telematics and infotainment solutions, including supporting safe and responsible driving, advancing vehicle-to-vehicle solutions and improving sustainability, among others," Tami Erwin, chief marketing officer for Verizon Wireless, said as part of the announcement.
"As an innovator in the technology industry, Verizon is a natural impetus for this collaboration, which we all expect will include other companies and spur results that will benefit not only the industry, but millions of consumers around the world."