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Garmin, Panasonic Sign OEM Nav Deal

1/14/2008 02:18:00 PM Eastern

Detroit — Garmin and Panasonic Automotive Systems will collaborate on OEM custom navigation projects targeting various vehicle manufacturers.

“As electronics and onboard navigation continue to play an ever-growing role in the automobile, Panasonic and Garmin will seek to create [products] … that provide ease of use and added sophistication,” said Vince Sarrecchia, president, Panasonic Automotive Systems Company of America.

Both companies will continue to pursue independent initiatives, as well as jointly work on select OEM programs.