China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
TomTom declines comment on Tele Atlas report
AMSTERDAM (Reuters) - Dutch navigation device maker TomTom (TOM2.AS) declined to comment on Sunday on a Reuters report that the European Commission is raising formal objections to its takeover of Tele Atlas TA.AS, TomTom's main map supplier.
A TomTom spokesman would not say whether the company had received such a "statement of objections" and said any problems the EU would raise about the deal were between it and the Commission.
"We continue to be committed (to the deal)," the spokesman said. "We are positive about the outcome."
(Reporting by Niclas Mika; Editing by Erica Billingham)
