Sanyo Electric and TomTom NV to Team on Multimedia Navigation Systems
Tokyo, Sept 23, 2009 (IRG) - Sanyo Electric Co. Ltd. and Dutch navigation device maker TomTom NV said they will team up to produce multimedia navigation systems. Sanyo, which is unprofitable, said that through collaboration with TomTom it can tap into potentially lucrative growth in North American and European markets as the auto industry shows signs of recovery while other Sanyo businesses suffer from weak consumer demand.
The firms aim to produce multimedia devices that combine navigation-based functions with other features, such as a DVD player. While navigation systems built into vehicles are commonplace in its home market, portable navigation devices such as those produced by TomTom, often fitted separately to cars after they are sold, are more popular in Europe and North America.
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