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Honda exec: not thinking of investing more in Pioneer

TOKYO, April 28 (Reuters) - Honda Motor Co Executive Vice President Koichi Kondo said on Tuesday that the automaker was not considering further investment now in struggling electronics maker Pioneer Corp .

Pioneer said earlier on Tuesday that Honda would invest 2.5 billion yen ($26 million) in it by acquiring new shares.

Kondo said Honda was investing in Pioneer to strengthen its car navigation products. (Reporting by Chang-Ran Kim)