REPORT: Honda to invest in Pioneer electronics

[sjmmail...@yahoo.co.uk]

In spite of Honda's $2.91 billion Q1 loss, the Japanese marque knows the investment show must go on, and it's reported to be finalizing a stake in Pioneer. The Japanese electronics maker is shutting down its home electronics division, which has been losing money for years, in order to focus on in-car electronics. After approaching Honda to inquire about a tie-up, Honda is looking to put several billion yen into the company for around a 5% stake (a billion yen is about $10 million U.S.). With in-...
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