France’s Faurecia has agreed to buy Japanese car navigation system maker Clarion for $1.3 billion. French automotive parts maker Faurecia has agreed to acquire Japanese car navigation system manufacturer Clarion, a unit of Hitachi, for $1.3 billion, in a bid to strengthen its position in the automotive technologies segment. Clarion is 63.8% owned by Hitachi, while France’s auto maker Groupe PSA owns a 46% stake in Faurecia. Faurecia said it has agreed to pay 2,500 Japanese ye