Pioneer Electronics who last week launched new automotive entertainment and navigation gear has said that it has terminated the issuing of shares to the Honda Motor Company as their shares rise on the Tokyo stock exchange.

Pioneer Electronics who last week launched new automotive entertainment and navigation gear has said that it has terminated the issuing of shares to the Honda Motor Company as their shares rise on the Tokyo stock exchange.

 In Australia the struggling electronics Company is banking on premium Hi Fi, Digital Radio sales in partnership with Pure and automotive gear to drive sales.

Last week Pioneer unveiled four new in-dash navigation models that include iPhone capability and built-in Bluetooth on all models.

With the new Pioneer navigation devices users can now input a navigation destination by voice and conduct point-of-interest (POI) searches, such as “Find the nearest McDonalds.” In iPod mode, users can browse through songs via voice command while continuing to listen to a song that is playing. Most of these improvements are software rather than hardware based, said Pioneer. Users also have “conversational” voice control over songs on an iPhone or iPod and over switching sources from an SD card, USB or iPod Users can also ask the unit to play, pause, shuffle and go to the next track and previous track.

The Z110 has 4GB of flash memory on board and a DVD/navigation 7-inch motorised screen with WVGA display and now allows users the choice of controlling an iPod directly or on the unit’s display. It also offers iPod video.

It is not known when the devices will be launched in Australia.

Currently Pioneer which is in its sixth straight year of annual loss, aims to raise $19 million to shore up its financial standing, and has also said it is preparing to apply for Japanese public funds available to companies hit by the global financial crisis.

The Company said that the issuance of shares will be postponed to an unspecified time after being originally scheduled for the end of this month.