Garmin® Expands Global Presence In The Automotive OEM Space With New Offices In China, Germany And Japan
Garmin Ltd. (Nasdaq: GRMN), the global leader in satellite navigation, today announced that it has opened new offices in Shanghai (China), Stuttgart (Germany) and Yokohama (Japan) to support its growing presence in the automotive OEM market. The new offices are in close proximity to leading car manufacturers and top-tier automotive suppliers and will host a dedicated staff of Garmin associates who specialize in automotive OEM sales, marketing, product development and engineering. The announcement comes on the heels of Garmin’s recent opening of a dedicated automotive OEM office in Detroit.
“Our new worldwide automotive OEM offices will provide local support for our global customer base and help us to further drive innovation as we pursue new business opportunities,” said Matt Munn, Garmin’s managing director automotive OEM. “Having dedicated experts in some of the biggest automotive markets around the world also helps us to efficiently customize our technology to the local needs of international markets.”
Garmin’s new offices are of strategic value for the company’s automotive OEM group. The new locations will support Garmin’s efforts to not only provide navigation software and integrated portable navigation systems to the automotive industry but to utilize its experience in hardware, user interface and software development to provide fully-integrated infotainment and telematics systems. Garmin announced its first factory-installed in-car infotainment system for selected 2013 model year Suzuki vehicles at the New York International Auto Show 2012.
Garmin’s automotive OEM group provides a broad range of in-vehicle electronics for the automotive industry, including infotainment and telematics systems, navigation software, location-based services, and integrated portable navigation systems. Garmin has agreements with leading brands in the automotive sector such as BMW, Chrysler, Honda, Kenwood, Panasonic, Suzuki and Toyota, among others. The company’s in-car navigation in the Dodge Charger was recognized as “Highest Customer Satisfaction With Factory Installed Navigation Systems” in the J.D. Power and Associates 2011 U.S. Navigation Usage and Satisfaction StudySM.
About Garmin Ltd. The global leader in satellite navigation, Garmin Ltd. and its subsidiaries have designed, manufactured, marketed and sold navigation, communication and information devices and applications since 1989 – most of which are enabled by GPS technology. Garmin’s products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin is a registered trademark of Garmin Ltd. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
