Honda planning to invest big amount of cash into Pioneer

Article by Christian A., on August 29, 2010

In our modern times, in-car technology is becoming to buyers as what's under the skin. That's why the Japanese carmaker Honda is planning to invest a sizeable amount of cash into Pioneer, one of the most popular giants in the world of electronics.

This was made public by Honda explaining that Pioneer is moving away from its television production operation to focus rather on car electronics.

This is advantageous for Honda, as it expects to benefit from the know-how of Pioneer in this area. It has been reported that Honda plans to inject Pioneer with tens of millions of dollars, which should be sufficient to provide it with leverage in the automotive technology of the electronics giant, which consists of in-car navigation systems, stereos, entertainment units, with the more advanced next-generation Blu-ray players as a big possibility.

Japanese industry analysts say that the planned investment of the carmaker makes sense because the amount to be invested is not significant in relation to the bottom line of the company but is sufficient to provide it with a partner in the production aspect of automotive electronics.

Honda has not released the exact amount it will invest, but speculations see a several billion Yen cash out (between $30-$50 million in US currency). Struggling with the global crisis itself, this investment is very much welcomed by Pioneer!

Topics: honda, investment

If you liked the article, share on:

Comments

Recommended

British luxury automaker Aston Martin celebrates its new partnership with the Henley Royal Regatta sporting event by designing a one-off DB11 sports car that they recently revealed. The car explores...
by - June 28, 2017
The 2018 Dodge Challenger SRT Hellcat as we know, is the Demon's less powerful sibling, and there’s nothing wrong with that. But have you ever imagined how it would look...
by - June 28, 2017
Sorry Uber, but Handsome Cabs taxi company has something no one else can offer - a Lamborghini Huracan that can take their clients from Point A to Point B. This...
by - June 28, 2017
BMW saw a potential oil leak on the new M760Li, prompting them to recall the said vehicle last April. Today, a little over two months after issuing the first recall,...
by - June 28, 2017
Without a doubt, the SUV segment is getting increasingly more saturated. This month alone, we were greeted with city-oriented SUVs from the Kia Stonic to the Hyundai Kona, and now...
by - June 27, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries