ViaMichelin to End GPS Production

ViaMichelin, the subsidiary of the French tyre manufacturer specialising in digital travel assistance products, has stated it will no longer participate in the GPS navigation device market. According to a report published in France’s La Tribune, the company, which holds 14 per cent of the French GPS market, has found it difficult to expand in Europe in the face of strong competition from rivals such as TomTom. Sixty of ViaMichelin’s 170 employees are affected by the decision, La Tribune reported.