LG Electronics signs US$370 mln deal with Volkswagen

By Lee Youkyung
SEOUL, Oct. 25 (Yonhap) -- LG Electronics, the world's No. 2 flat-screen TV
maker, said Sunday it has signed a deal with Volkswagen Group to supply car audio
systems for new automobiles by Europe's largest automaker.

LG Electronics, also the world's No. 3 mobile handset maker, plans to provide
audio parts worth 430 billion won (US$370 million) to the German carmaker from
2012 to 2018, the South Korean company said in a statement.
LG has been working with Volkswagen since 2007 in the car audio system area.
Under the new deal, LG's car audio equipment will be installed in new Volkswagen
models being released in 2012, the company said.
ylee@yna.co.kr
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