Garmin® selected as tier 1 partner to design and manufacture vehicle infotainment modules
March 04 2019 - 7:00AM
Business Wire
Garmin Ltd. (NASDAQ: GRMN) today announced that the Garmin
automotive OEM (original equipment manufacturer) group has been
selected as the lead design and production partner of infotainment
modules for the BMW Group. These modules will be manufactured in
Garmin’s auto OEM-qualified production facilities in the United
States and Europe. Garmin will establish a new manufacturing
facility in Europe to support this project.
“Being selected by BMW AG as the lead development partner and
production supplier validates Garmin as a tier 1 supplier to the
world’s most respected brands,” said Matt Munn, Garmin automotive
OEM managing director. “We are honored by the confidence BMW AG has
entrusted in Garmin, and look forward to leveraging our shared
commitment to agile development methodologies to deliver
world-class infotainment solutions for BMW Group vehicles.”
The Garmin automotive OEM group leverages the company’s
long-standing experience in user interface, hardware design and
complex system integration from its automotive, avionics and marine
segments to develop comprehensive, integrated infotainment and
cockpit solutions. The company’s diverse manufacturing capabilities
support a broad range of in-vehicle electronic solutions for the
automotive industry, including intelligent video driving recorders
and computing models. Garmin currently has dedicated automotive OEM
offices throughout the Americas, Europe and Asia and will be
expanding its automotive OEM footprint and global capacity to
effectively serve BMW production requirements.
Garmin OEM provides user-friendly products that are not only
sought after for their compelling design, superior quality and best
value, but they also have innovative features that enhance the
lives of our customers. To learn more, visit
auto-oem.garmin.com.
About Garmin Ltd
For decades, Garmin has pioneered new GPS navigation and
wireless devices and applications that are designed for people who
live an active lifestyle. Garmin serves five primary business units
including automotive, aviation, fitness, marine, and outdoor
recreation. For more information, visit Garmin’s virtual pressroom
at garmin.com/newsroom, contact the Media Relations department at
913-397-8200, or follow us at facebook.com/garmin,
instagram.com/garmin, twitter.com/garmin, or
youtube.com/garmin.
Garmin Ltd. is incorporated in Switzerland, and its principal
subsidiaries are located in the United States, Taiwan and the
United Kingdom. Garmin is a registered trademark of Garmin Ltd.
Notice on Forward-Looking Statements:
This release includes forward-looking
statements regarding Garmin Ltd. and its business. Such statements
are based on management’s current expectations. The forward-looking
events and circumstances discussed in this release may not occur
and actual results could differ materially as a result of known and
unknown risk factors and uncertainties affecting Garmin, including,
but not limited to, the risk factors listed in the Annual Report on
Form 10-K for the year ended December 29, 2018, filed by Garmin
with the Securities and Exchange Commission (Commission file number
0-31983). A copy of such Form 10-K is available at
http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No
forward-looking statement can be guaranteed. Forward-looking
statements speak only as of the date on which they are made and
Garmin undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190304005212/en/
Garmin International Inc.Cesar A. Palacios,
913-397-8200media.relations@garmin.com
Garmin (NASDAQ:GRMN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Garmin (NASDAQ:GRMN)
Historical Stock Chart
From Sep 2023 to Sep 2024