LG scores Toyota deal

Stefan Mileschin · 25th July 2016, 07:24

LG has signed a deal with Toyota to supply telematics components for Toyota's upcoming connected vehicles. The deal is good news for LG which needs to step back a bit from smartphones.

A spokesLG said that the pact calls for LG Electronics to supply some parts to be used in telematic systems in Toyota's latest connected vehicles, which will be available for consumers in the United States and Europe.

The executive said the value of the deal is about a few million dollars which is not that impressive. However it does give LG a foot in the door in the vehicle components business,where it has not really had much of a presence.

This means that LG-manufactured car parts passed tough qualification tests by Toyota, which might lead to more orders.

http://fudzilla.com/news/wearables/4...es-toyota-deal

25th July 2016, 07:24	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	LG scores Toyota deal LG has signed a deal with Toyota to supply telematics components for Toyota's upcoming connected vehicles. The deal is good news for LG which needs to step back a bit from smartphones. A spokesLG said that the pact calls for LG Electronics to supply some parts to be used in telematic systems in Toyota's latest connected vehicles, which will be available for consumers in the United States and Europe. The executive said the value of the deal is about a few million dollars which is not that impressive. However it does give LG a foot in the door in the vehicle components business,where it has not really had much of a presence. This means that LG-manufactured car parts passed tough qualification tests by Toyota, which might lead to more orders. http://fudzilla.com/news/wearables/4...es-toyota-deal

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