Tag Archives: SatNav

TomTom Q2 Net Profit Jumps

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TomTom NV reported a five-fold increase in quarterly net profit on Tuesday, helped by its fast-growing automotive business and a strategic shift towards high-margin recurring content and services business. The Dutch navigation systems company reported a net profit of 12.2 million euros for the April-June quarter. Adjusted net profit rose 87 percent on year to 23.2 million euros, while revenue

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SAMSUNG Bets on China’s BYD

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Samsung Electronics Co. said it will acquire a stake in BYD Co. through the Chinese electric-vehicle and battery maker’s ongoing $2.3 billion share sale, as the South Korean technology giant bets on the automotive market to drive growth. Neither company disclosed the size of the stake or how much it would cost Samsung. Details will be unveiled this week, when

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