HARMAN Books $1.3 Billion in Automotive Infotainment Business in July
New order contracts with car manufacturers including Subaru total $1.3 Billion in July 2014
STAMFORD, CT – HARMAN, the premium global audio and infotainment group, announced today that new orders from global automakers in July 2014 totaled US$1.3 billion.
In addition to a follow-on award from an existing European customer, HARMAN secured a competitive replacement award from automaker Subaru in July. HARMAN will supply base, mid, and high level solutions for the next generation of Subaru infotainment systems across carlines globally.
“With a proven track record of performance, unsurpassed technology innovation, and a $20.5 billion backlog of awarded automotive business, HARMAN is in the driver’s seat of the connected car,” said Dinesh C. Paliwal, the Company’s Chairman, President, and Chief Executive Officer. “We are pleased to be a trusted partner of the world’s automakers, and these recent awards are a testament that HARMAN has the solutions to meet the increasing demand for a seamless connected car experience, not only for today but for years to come.”
HARMAN is the leading provider of embedded infotainment solutions to the world’s automakers, with more than 22 percent of the share of the market globally. HARMAN provides premium infotainment systems for the top OEMs that account for 80 percent of the infotainment volume in the industry, including Audi, BMW, Chrysler, Ferrari, General Motors, Hyundai, Kia, Mercedes Benz, Lexus, Toyota, Hyundai, Subaru, and Porsche. The Company provides in-car solutions that integrate navigation, multimedia, premium entertainment, on-board and off-board connectivity, active safety systems, and system security. In 2013, the global research and consulting firm Frost and Sullivan awarded HARMAN the title of global industry leader for in-vehicle infotainment.
Nicole Mehr, Director, Corporate Affairs and Communications Europe, 49-7248-71-1272, email@example.com
HARMAN (www.harman.com) designs, manufactures and markets a wide range of audio and infotainment solutions for the automotive, consumer and professional markets – supported by 15 leading brands, including AKG, Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson. The company is admired by audiophiles across multiple generations and supports leading professional entertainers and the venues where they perform. More than 20 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HARMAN has a workforce of about 12,000 people across the Americas, Europe and Asia, and reported sales of $3.8 billion for the 12 months ended June 30, 2011. The company’s shares are traded on the New York Stock Exchange under the symbol NYSE: HAR.