Mitsubishi Electric Corporation, the Japanese multinational electronics and electrical equipment manufacturing company will design the next generation automotive infotainment systems for all Volvo vehicles launched from November 2013 onwards.
This is an important step in Volvo Car Corporation’s aim to spearhead the development of world-class connectivity features in cars.
“We are looking forward to further cooperation with Volvo,” said Yutaka Ohashi, Group President of Mitsubishi Electric’s automotive equipment.
“As we expand our partnership, we look forward to developing advanced infotainment systems that offer Volvo car owners highly intuitive access to information and entertainment.”
According to a research from ABI Research, Factory-installed navigation solutions are set to overtake PND shipments by 2015, reaching 25 million units.
Much of this growth is in the perpetually commoditizing smartphone application market, reaching over 395 million downloads by 2016.
Volvo’s 2010 profits amounted to a an improvement of 7.5 billion kronor from 2009, the year that former US-based owner Ford brokered a deal to sell the then loss-making Swedish carmaker to China-based Geely.
Sales were up by 11.6 percent, landing on a total of roughly 373,000 cars sold in 2010, compared to 334,000 cars the previous year.