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.

Inside Thailand's Rising Automotive Industry

When we think of automobiles, we most likely associate certain parts of the world with them.North America, particularly the United Sates, is probably one of the best examples.Nations like the United Kingdom, China, Germany, Italy, Japan, South Korea, and Sweden are all equally associated with the automobile.