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Pioneer has at least 5 years to restore growth under Baring

After $538m rescue, Japanese brand will bet on autonomous driving

Japan's Pioneer has struggled to reprise its heyday as a consumer electronics brand.   © Reuters

TOKYO -- Pioneer has staved off a repayment crisis by securing fresh capital from a Hong Kong-based private-equity firm, but the 80-year-old Japanese electronics maker faces a race against time to turn itself around after years of overinvestment.

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