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Michelin's ViaMichelin to exit the PND market

Evan Blass
01.18.08
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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]