JVC and Kenwood to team up

The Africa News.Net
Sunday 11th May, 2008

The JVC company in Japan will merge with Kenwood Corp on October 1st.

The two companies are still working out details of their holding company plan and will seek shareholder approval at their respective general shareholders meetings in late June.

JVC and Kenwood will be controlled by a holding company, which is expected to appoint Kenwood Chairman Haruo Kawahara as chairman, while JVC President Kunihiko Sato will become president.

The JVC and Kenwood brands will be kept after combined sales for the year ended March 31st came to around US$8 billion.

Email this story to a friend

Have your say on this story

Top Stories

Nigerian gunmen release kidnapped oil workers
Lagos, July 27 (Xinhua) The eight foreign oil workers who were kidnapped by gunmen Saturday off the coast of Nigeria's oil-rich restive Niger Delta have been released, a media report said Sunday. [read story]
Nigerian militants release kidnapped workers
On Saturday, Nigerian militants released eight foreign oil workers. [read story]
Eight foreign oil workers kidnapped in Nigeria
Lagos, July 26 (Xinhua) A group of gunmen kidnapped eight foreign oil workers from an oil vessel off the coast of the restive Niger Delta region in Nigeria earlier Saturday, agencies reported. [read story]
Odoyo happy for Kenya to be underdogs in ICC 20-20 qualifier
Dubai, July 26 : Kenya all-rounder Thomas Odoyo prefers an underdog's tag as the African nation gives final touches to its preparations in England ahead of the ICC World Twenty20 Qualifier to be held in Belfast, Ireland from August 2 to 5. [read story]
South African cricketers don't want to play in Pakistan
Johannesburg, July 26 (IANS) The South African cricket squad, currently touring England, is unhappy over International Cricket Council's (ICC) decision to go ahead with the Champions Trophy in Pakistan, despite concerns about the safety of players there. [read story]

RSS Feed