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Pioneer says Honda to invest $26 mln

TOKYO, April 28 (Reuters) - Japanese car electronics maker Pioneer Corp said on Tuesday Honda Motor will invest 2.5 billion yen ($26 million) in it by acquiring new shares.

The firm also said it will cut 5,800 full-time jobs and 4,000 temporary ones.

It said it aims to return to profit in the year ending in March 2011. ($1=96.33 Yen) (Reporting by Taiga Uranaka)