Mercedes-Benz picks Garmin (GRMN +4.5%) to be its "global navigation provider" for future...

|About: Garmin Ltd. (GRMN)|By:, SA News Editor

Mercedes-Benz picks Garmin (GRMN +4.5%) to be its "global navigation provider" for future models. Garmin-based infotainment systems supporting voice commands and in-dash displays will be integrated into cars over the next 4 years. No word on whether Garmin's innovative/costly K2 platform, shown off in January at CES, will be used. Regardless, the news is helping Garmin rally after shares closed yesterday near their 52-week low. (PR)