Michelin's ViaMichelin to exit the PND market

French paper La Tribune is reporting that Michelin subsidiary ViaMichelin will stop producing personal navigation devices, after capturing only 14% of its domestic market in the face of stiff competition from Dutch rival TomTom and others. Sixty of the firm's 170 employees will reportedly be laid off as a result of the shuttering, although warranties will apparently still be honored for products already on the market. [Warning: subscription link]

[Via Bikes in the Fast Lane]

[Mabedan @ Jan 18th 2008 9:59AM]

it's sad, i had one and i used to love it... it has a gorgeous UI...

[Vize @ Jan 18th 2008 10:06AM]

Shuttering?

[blade417 @ Jan 18th 2008 10:18AM]

At first glance, I thought that said pwnd market