Pioneer USA Statement on Corporate Sale

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Pioneer sold to CarUX

Following the announcement of the sale of Pioneer to CarUX, a Taiwanese maker of smart cockpit solutions, Pioneer Electronics USA Chairman and CEO, Chris Ono said that the partnership with CarUX will result in advanced products for the aftermarket.

“We anticipate significant synergistic effects that will result in innovative products for the aftermarket,” said Ono.

“With Car UX’s advanced core technologies and scale power, combined with Pioneer’s in-vehicle product platforms, which include infotainment, sound, and safety and security solutions, we are confident in our ability to deliver cutting-edge aftermarket products,” Ono added.

CarUX, which announced its purchase of Pioneer Corporation for $1.1 billion yesterday, is a subsidiary of Innolux, a supplier of LCD and LED panels and monitors. Innolux owns 13 LCD-TFT plants in Taiwan.

CarUX recently showed what it called the industry’s first hidden display through leather.  It uses direct MiniLED backlighting to transmit high-quality, high-brightness images through leather. Drivers can then operate the display normally through the leather, “unlocking a new aesthetic for hidden automotive displays,” it said.

See more on the sale here.

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