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Article: Acustar, Philips finalize automotive electronics agreement. (Philips Car Stereo International GmbH)
- Article from:
- PR Newswire
- Article date:
- November 26, 1990
CopyrightCOPYRIGHT 1990 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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ACUSTAR, PHILIPS FINALIZE AUTOMOTIVE ELECTRONICS AGREEMENT
TROY, Mich., Nov. 26 /PRNewswire/ -- Acustar, Inc., Chrysler's stand-alone component subsidiary, and Philips Car Stereo International GmbH, Germany, an affiliate of NV Philips, the Netherlands, announced the finalization of a joint venture today, subject to all required approvals. Terms of the agreement include the establishment of a joint venture company -- Philips and Acustar Autoelectronics GmbH & Co., K.G. -- to design, develop, market and sell worldwide automotive electronic products, including radios and sound systems to the OEM market.
Philips Car Stereo International GmbH will hold ...