Faurecia to buy Hitachi car navigation unit Clarion -Nikkei [Reuters]
HITACHI LTD ADR (HTHIY)
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Source: Reuters
Faurecia to buy Hitachi car navigation unit Clarion -Nikkei | Reuters 1 Min Read TOKYO, Oct 25 (Reuters) - French car parts maker Faurecia SA is set to buy a majority stake in Japanese car navigation system maker Clarion Co from Hitachi Ltd for around 80 billion yen ($710 million), the Nikkei reported on Thursday. Hitachi owned around 63.6 percent of Clarion shares as of end-March. The report comes amid a flurry of deals among car components makers, which are trying to keep up with a shift by car makers into new technologies such as autonomous driving, connected cars and electric vehicles. ($1 = 112.1600 yen) (Reporting by Ritsuko Ando Editing by Chang-Ran Kim) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Faurecia to buy Hitachi car navigation unit Clarion -Nikkei TOKYO, Oct 25 (Reuters) - French car parts maker Faurecia SA is set to buy a majority stake in Japanese car navigation system
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