Hitachi, Clarion strengthen car navigation ties

Newswire

TOKYO, May 23 (Reuters) - Japanese electronics makers Hitachi Ltd. and Clarion Co. said on Monday they will launch jointly developed car navigation systems in 2008 as part of a broad alliance aimed at pooling resources and cutting costs. The two companies said the alliance, which was cemented late last year when Hitachi took a 14.5 percent stake in Clarion, would eventually expand to include joint materials procurement, production, service and sales. By combining resources, Hitachi and ...

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