REPORT: Honda to invest in Pioneer electronics

Discussion in 'General Motoring' started by sjmmail2000-247, May 1, 2009.

  1. sjmmail2000-247

    sjmmail2000-247 Guest

    In spite of Honda's $2.91 billion Q1 loss, the Japanese marque knows the investment show must go on, and it's reported to be finalizing a stake in Pioneer. The Japanese electronics maker is shutting down its home electronics division, which has been losing money for years, in order to focus on in-car electronics. After approaching Honda to inquire about a tie-up, Honda is looking to put several billion yen into the company for around a 5% stake (a billion yen is about $10 million U.S.). With in-...
    Read More: http://feeds.autoblog.com/~r/weblogsinc/autoblog/~3/SMA2LoSnHR4/
     
    sjmmail2000-247, May 1, 2009
    #1
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