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Reduced car production hits TomTom’s quarterly core earnings, Auto News, ET Auto

Reduced car production hits TomTom’s quarterly core earnings, Auto News, ET Auto

by admin
November 16, 2021
in Technology
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Reduced car production hits TomTom's quarterly core earningsDutch navigation and digital mapping firm TomTom reported on Thursday weaker-than-expected quarterly core earnings as semiconductor provide chain points restricted automobile manufacturing volumes.

The Amsterdam-based firm, whose prospects vary from main automobile makers to main world tech corporations, reported a third-quarter loss earlier than curiosity, taxes, depreciation and amortisation (EBITDA) of 5.3 million euros ($6.14 million), lacking the 1-million-euro loss analysts had forecast. ($1 = 0.8630 euros)

The transfer comes as a number of autonomous trucking firms put together to launch driverless routes within the coming years and start signing up trade companions and prospects in an effort to show long-elusive self-driving right into a worthwhile actuality.

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Tags: AutoCarcoreEarningshitsNewsproductionquarterlyreducedTomToms

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