Waze revs up crowdsourced driving app with $25M

Waze, makers of an innovative crowdsourced app that offers free driving directions, is on a roll. The company just announced that it has scored $25 million in a second round of funding.

Smartphones taking over the navigation market (study)

More speed bumps lie ahead for in-car navigation devices. As maps are becoming a standard feature in smartphones, handheld devices are truly taking over the navigation market for cars, according to a recent report by market research firm iSuppli.