Harman Chief Sees Fully Embedded Audio
In the next few years, consumers will continue moving to fully embedded connected-car systems from basic AM/FM, Harman CEO Dinesh Paliwal told investors. Shares closed up 3.7 percent to $80.76 Thursday as its automotive business drove an 8 percent hike…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
in total revenue to $1.8 billion in the quarter ended Sept. 30. The company reported getting new and follow-on connected car contracts from Audi, Mercedes-Benz, Porsche and others in the quarter, and it partnered with AT&T. “If cars are going to be autonomous or semi-autonomous, you can’t run them from a handheld device,” said Paliwal, referring to a “post-device era.”