Now a new car music and information system will be build in cars sold in North America in 2010 by Microsoft Corporation and South Korean carmaker Hyundai Motor.However the financial terms of the joint venture has not yet revealed.It is reported that Microsoft will invest $113 million and Hyundai will invest $166 million in the `Automotive IT Innovation Center’ and they will set up jointly.

To sign the venture with Hyundai Bill Gates thw Microsoft chairman is looking forward to vist Seoul and Gates wil also meet South Korean President Lee Myung-bak to discuss cooperation with South Korean companies.The joint venture will develop a version of its Windows Automotive software for the Hyundai
Kia Automotive Group, the world’s fifth-largest automaker.

Ford Motor Company for its Sync system, which uses voice activation technology to operate cellphones and play digital music has already signed a deal with
the Microsoft for its sync system.

Microsoft is planing to put more potential by putting more than eight million vehicles worldwide each year with both Ford and Hyundai as customers.

Categories: Business, IT sector, Tie-Ups
Tags: cars, hyundai_cars, microsoft, music