Harman Signs Expansion Agreement

Harman Int. has inked a contract with Great Wall Motors, GAC Group and SAIC-GM-Wuling Motors to expand its auto business in China. The contracts are reportedly worth more than US$600 million. “With these new contracts, we now have a stronger presence in China to further expand our automotive business in one of the fastest growing markets in the world,” states Dinesh Paliwal, Harman President and CEO. Harman believes it is “critical” to have a strong relationship foundation with Chinese auto companies as the country’s auto industry continues to boom.