Pioneer Eyes In-Car Partners
Pioneer is reportedly seeking partners to enter the car navigation field- and reports of such a move sent the company's stock soaring, Reuters reported Monday.
Japan's Nikkei reported over the weekend that Pioneer has approached several companies, including Mitsubishi, Alpine Electronics and Clarion, about such a tie-in. And while all three companies denied to Reuters that they were talks, the company's stock jumped 17 percent on the news.
Pioneer announced earlier this month that it was pulling out of the TV business.