LG Elec to supply auto displays to Honda, Porsche

21 August 2015 06:30 pm - 0 - {{hitsCtrl.values.hits}}

A A A

REUTERS: South Korea’s LG Electronics Inc will supply Honda Motor Co Ltd and Porsche with in-car displays, a person with direct knowledge of the matter said yesterday, as the firm tries to grow its auto business to counter weak sales at its mainstay television and smartphone units.

LG Electronics has already started mass production of the centre information displays, which will be placed in the centre console, for Honda and will start doing the same for Porsche in the first half of 2016, the person told Reuters, without giving any details about the contracts.

Sister firm LG Display Co Ltd is supplying the liquid crystal display panels, added the source, who declined to be named as the matter remained confidential.
LG Electronics declined to comment.

The company’s fledgling auto business, which involves various products including in-car displays and camera systems, accounted for 3.2 percent of overall sales in the April-June quarter.

LG Electronics, along with sister firms LG Display and electric car battery maker LG Chem Ltd, are making a concerted effort to grow their market share in the auto industry, as the vehicle components business offers longer-term, higher margins than consumer electronics, a business in which the firm is facing stiff competition.

LG Electronics is also working with BMW, General Motors and Mercedes Benz for research and development of centre information displays, the person said.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

LG Elec to supply auto displays to Honda, Porsche

Comments - 0

Add comment

RECOMMENDED

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Western purple-faced langurs see blue!

Most Viewed in News

Street food vendor arrested for verbally harassing foreigner

SL on alert on possible genocide allegations by Canada

A US “Kaputa”, a Lankan “Nariya” and a Presidential “Feast”

New Visa procedure implemented

April 15 declared a government holiday

Belgian traveller scammed in Kalutara

MIRROR CRICKET

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings

Chamodi, Dewmi spins Sri Lanka U19 Women to big win

TODAY'S HEADLINES

Wild elephants pull down 16 telephone poles

Middleman arrested for price gouging at Kalutara eatery

Bondholders’ agreement delay won’t hinder IMF third tranche payout: Dr. Coomaraswamy

Party leaders to shoot down MPs request for concessionary duty free vehicle permits

Hardik fined Rs 12 lakh for violating IPL code of conduct after win over Punjab Kings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings