This Sunday (working even on the weekend in Korea?) LG announced they closed a deal with VW in order to integrate LG Technology in future VW cars by 2012… It's interesting to note that this deal was made with “Volkswagen Group of Wolfsburg,” and I wonder if this only includes VW cars or other makers like Porsche, Audi, Bentley and Lamborghini…
LG Closes One of the Largest Audio Systems Deal with Volkswagen
Seoul, October 25, 2009 - LG Electronics, a leading provider of business solutions, today announced that it has reached an agreement with the Volkswagen Group of Wolfsburg, Germany to become one of the leading suppliers of car audio systems for three of Volkswagen’s automobile brands starting in 2012. The deal with Volkswagen, currently the third largest automobile manufacturer in the world and the largest in Europe, is worth approximately US$370 million.
LG will be one of the largest suppliers of audio systems for three different automobile brands under the Volkswagen Group -- Volkswagen in Germany, SEAT in Spain and Škoda in the Czech Republic. This significant deal is a result of an ongoing collaboration between the two companies since a 2007 partnership in car audio systems. LG Electronics is now a major global provider of car infotainment solutions as a result of these deals.
LG’s car audio systems display information from various electronic control units inside the vehicle and provide diagnostics reporting on the condition of components including speakers, antenna and other peripheral devices. It also helps users easily connect to external media via Bluetooth, USB and SD. In addition, the Color Thin Film Transistor Liquid Crystal Display (TFT LCD) provides clear images and the dual-tuner system boosts radio reception.
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