Samsung Electronics Co. makes a drive for control of the car, paying $8 billion for U.S. auto-parts supplier Harman International Industries. Samsung Electronics Co. is making a drive for control of the car. The South Korean smartphone maker said Monday that it would buy U.S. auto-parts supplier Harman International Industries Inc., based in Stamford, Conn., for $8 billion in an all-cash deal that instantly makes Samsung a major player in the world of automotive technology.

Source: Wall Street Journal November 14, 2016 07:11 UTC