Cerence Stock Gains on Signing $149 Million Contract With European Automaker

Cerence Stock Gains on Signing $149 Million Contract With European Automaker
A man looks at a stock market chart in Irvine, Calif., on April 9, 2021. John Fredricks/The Epoch Times
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Cerence Inc. forged a contract worth $149 million with a sizeable European automaker for its connected, conversational AI automotive assistant products.

“This milestone deal marks another important moment for Cerence as we accelerate growth and sustain momentum with automotive customers,” said CEO Stefan Ortmanns.