Dutch digital mapmaker TomTom says it will extend Volkswagen partnership By Reuters

Dutch digital mapmaker TomTom says it will extend Volkswagen partnership By Reuters


© Reuters. FILE PHOTO: TomTom logo is seen on a vehicle in Eindhoven, Netherlands, November 21, 2019. REUTERS/Eva Plevier/File Photo

AMSTERDAM (Reuters) – TomTom NV, the Dutch digital mapmaking company, said on Tuesday it would extend a supply partnership with Volkswagen (DE:), integrating its mapping and navigation technology into Volkwagen’s cars, including electric vehicles.

“This multi-year deal between TomTom and the Volkswagen Group covers all markets globally excluding China and is the continuation of a successful and long cooperation,” TomTom said.

Under the deal, the terms of which were not disclosed, TomTom’s technology will be integrated into Volkswagen cars’ user interface.

TomTom shares closed at 8.265 euros on Monday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link