Clarion to Supply CD Radios to Shanghai General Motors

DETROIT, July 31 -- Clarion Corporation of America announced today that their parent company, Clarion Company Ltd., will supply (OEM) AM/FM/CD radios, to Shanghai General Motors beginning in July, 2003. This is Clarions' first business with the joint venture of Shanghai Automotive Corporation and General Motors Corporation. Clarion's business enterprise and manufacturing partner, Dongguan Clarion Orient Electronics Company Ltd. will be responsible for the manufacture and delivery of the audio head units to Shanghai GM.

The contract involves the supply of two models, an AM/FM/CD radio and an AM/FM 6CD changer radio. The radios will be installed in the new mid-size Buick Excelle, which goes on sale in China this month.

Matt Matsuda, President of Clarion Corporation of America, states, "This new business award confirms Clarion's commitment to expand their global business with General Motors Corporation and its affiliate companies."

About Clarion

Clarion Corporation of America has its headquarters in Gardena, California and is the subsidiary of Tokyo based Clarion Company Ltd., ranked among the top 100 Global OEM Suppliers in 2002 by Automotive News. Clarion, an international leader in car audio and electronics since 1940, is positioned as the number one independent car audio manufacturer. Clarion conducts research, development, engineering, design, manufacturing, sales and marketing of vehicle entertainment, navigation, communications and security products for the automotive and recreational vehicle environments, including IVCS (in- vehicle computing systems). Clarion has approximately 10,000 employees worldwide and 24 factories in 10 countries, with marketing and sales affiliates in Europe, North and South America, Asia and Australia. Clarion is located on the Web at www.clarion.com .