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Article: System Integrators Expected to be Winners in Burgeoning Vehicle Navigation/Information System Market, Reports Magna International.
- Article from:
- PR Newswire
- Article date:
- May 6, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TROY, Mich., May 6 /PRNewswire/ -- According to industry observers, the potential for the burgeoning onboard vehicle navigation and information systems market is enormous, and systems integrators will be the winners.
Earlier this week, Magna International (NYSE: MGA) and Magellan Corp. announced the formation of MagnaWorks, a joint venture that will compete in this market, which is expected to become a multi-billion dollar industry over the next four years.
"I think integration in the total vehicle is the key criterion for success here," said Dennis Virag, president of the Automotive Consulting Group, a strategic management consulting firm based in Ann ...