Harman Names Recent OEM Deals

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Harman

Harman released information on its recent OEM deals, which include supplying Subaru with Android Auto and CarPlay.

While announcing its second quarter sales it said it produced infotainment systems during the period for the Audi SQ5, VW Atlas and an audio upgrade for the Volkswagen Golf. It also launched car audio solutions in the BMW 5 Series (Bowers & Wilkins and Harman Kardon), the Great Wall Haval H7 (Infinity), the Chrysler Pacifica (Sound Management), the Lexus LC (Mark Levinson) and the Subaru Impreza (Harman Kardon).

For Subaru, Harman will supply the entry level, mid-level and high end infotainment system for the car maker over the next several years

During the quarter, Harman also won new deals to supply car audio to Audi  (through Bang & Olufsen), SAIC-GM-Wuling (Infinity) and Volvo (Bowers & Wilkins).  It has secured $2.7 billion in new automotive contracts so far this year.

At CES, Harman demonstrated a wide-view full windshield heads-up display using holographic augmented reality technology, as well as demonstrating an augmented reality concierge, predictive collision prevention, and intelligent e-mirrors.

Harman also demonstrated its new intelligent cockpit design that connects the car, home and office.

Samsung announced in November it plans to buy Harman for $8 billion.

Harman CEO Dinesh Paliwal said the pending acquisition will accelerate Harman’s innovation in connected and autonomous driving.  The deal remain on track to close in mid-2017.

Harman’s net sales for the quarter rose 10 percent to almost $2 billion. Net income fell to $99 million, from $113 million.

 

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