news18 / Samsung Enters The Automotive Industry With New $8 Billion Deal

Samsung Enters The Automotive Industry With New $8 Billion Deal

In a bid to enter the growing market for automotive technology to produce "connected" cars, Samsung Electronics is set to buy US auto parts maker Harman International Industries for $8 billion.The deal, the biggest in the firm's history, will provide a chance for the tech titan to move past the exploding Galaxy Note 7 crisis that is expected to cost it billions of dollars as well as its cherished reputation.Board members of Samsung -- the world's largest producer of smartphones -- approved the all-cash deal of the Connecticut-based firm for $112 a share, Samsung said in a statement.
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The Chinese Automotive Industry – Opportunities in Diversity

China is now the largest single market for light duty vehicles, such as cars, light trucks, and sport utility vehicles.Speaking at a University of Michigan Transportation Research Institute sponsored conference titled "Inside China: Understanding China's Current and Future Automotive Industry," Mike Jackson, a senior executive of IHS Markit, said that there were over 25 million such vehicles sold in China in 2016.The market could easily top 30 million units by 2021.
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Adhesives in the Mexican Automotive Industry Market Growth of 13.5% CAGR by 2021 - Analysis, Technologies & Forecasts Report 2016-2021 - Vendors: Henkel, 3M, Dow Chemical - Research and Markets

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Growth Opportunities for Adhesives in the Mexican Automotive Industry" report to their offering.Adhesive in the Mexican automotive industry is forecast to grow at a CAGR of 13.5% by value from 2016 to 2021.The major drivers of growth for this market are growth in the production of light commercial vehicles and passenger car and increase demand for lightweight materials.
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Samsung's $8 Billion Deal With Harman Can Be Its Break Into The Automotive Industry

Samsung has announced its $8 billion deal with Harman International Industries.The tech company is looking to break into the automotive industry.(Ben Sutherland / Flickr)Samsung announced that it's going to buy Harman International Industries.

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The Biometrics Boom Is Coming To The Automotive Industry

Growth consultancy firm Frost & Sullivan is predicting a significant boom of biometrics in the automotive industry.In a statement announcing its new report, "Biometrics in the Global Automotive Industry, 2016-2025," the company asserts that advancing biometric technology "will radically transform the driving experience, health wellness and wellbeing (HWW), and security of vehicles by 2025," adding that one in three new vehicles will feature some form of biometric recognition –from iris, to voice, to fingerprint recognition.This is going to be further spurred by "[p]artnerships between automotive OEMs and wearable companies", adds Frost & Sullivan Intelligent Mobility Industry Analyst Joe Praveen Vijayakumar.
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