TomTom: shares maintain momentum after Geneva deals

(CercleFinance.com) - The TomTom stock remains upbeat after a series of deals struck at the Geneva Motor Show, posting a third consecutive rise.


TomTom announced that it has been awarded a multi-year extension to an existing European deal to provide its traffic service to Volkswagen Group car brands, including Audi and Porsche.

TomTom will also supply connected navigation solutions to Fiat Chrysler Automobiles' line of plug-in hybrid electric vehicles (PHEV), the Jeep Renegade and Compass.

The shares are currently up 0.2% at 7.6 euros on Euronext Amsterdam. They have risen 2.5% over the past three days.

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