Mexican Media Brands
Honda Sells Electronics Division
Honda Motor Co. and Japan's Nidec Corp. will form a partnership to make computerized control safety equipment and other automobile components.
#electronics
Share
Honda Motor Co. and Japan's Nidec Corp. will form a partnership to make computerized control safety equipment and other automobile components.
As part of the agreement, Honda will sell its automotive electronics parts subsidiary, Yokohama-based Honda Elesys Co., to Nidec for about 50 billion yen ($507 million). Elesys has plants in the China, Japan, Thailand and the U.S.
The deal will combine Nidec's electric motor expertise with Elesys' electronic control technology. Honda hopes to be able to purchase needed electronic vehicle components at a lower cost through Nidec than by owning the parts-making subsidiary.
Honda also announced plans this week to dissolve its Soltec Co. solar cell subsidiary by next March in the face of poor sales and tough price competition.
RELATED CONTENT
-
Honda Re-Imagines and Re-Engineers the Ridgeline
When Honda announced the first-generation Ridgeline in 2005, it opened the press release describing the vehicle: “The Honda Ridgeline re-defines what a truck can be with its true half-ton bed payload capability, an interior similar to a full-size truck and the exterior length of a compact truck.” And all that said, people simply couldn’t get over the way there is a diagonal piece, a sail-shaped buttress, between the cab and the box.
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
-
Volvo: Much Ado About Not Much
Every Volvo launched from 2019 on will have an electric motor.