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Samsung to buy car tech firm Harman for $8 billion, South Korea’s biggest overseas deal
November 14, 2016 by creative · Leave a Comment
By Hyunjoo Jin and Miyoung Kim SEOUL (Reuters) – Samsung Electronics announced an $8 billion deal on Monday to buy Harman International Industries, marking a major push into the auto electronics market and the biggest overseas acquisition ever by a South Korean firm. The electronics giant previously shunned big acquisitions, and the latest deal underscores a strategic shift as the company tries to break into the high-barrier automotive industry where it has little…
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Samsung to buy car tech firm Harman for $8 billion, South Korea’s biggest overseas deal
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Tesla says it is investigating cause of fatal China crash
September 14, 2016 by publisher · Leave a Comment
China's CCTV on Wednesday reported 23-year-old Gao Yaning died in January after crashing into the back of a road sweeping vehicle while driving a Tesla car on a highway in the northeastern province of Hebei.
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Tesla says it is investigating cause of fatal China crash
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VW’s Audi steps up collaboration with Chinese tech groups
September 11, 2016 by publisher · Leave a Comment
FRANKFURT (Reuters) – Volkswagen's luxury car unit Audi has agreed to deepen collaboration with Chinese internet technology groups to offer more digital services in the world's largest car market.
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VW’s Audi steps up collaboration with Chinese tech groups
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China’s BYD forecasts up to 91 percent profit rise for first nine months
August 28, 2016 by admin · Leave a Comment
Chinese automaker BYD Co Ltd , backed by Warren Buffett's Berkshire Hathaway Inc , on Sunday predicted an up to 91-percent profit increase in the first nine months of the year, as government policies drive green car sales. The Shenzhen-based company forecast an 83 percent to 91 percent rise in net profit for the first nine months, between 3.6 billion yuan ($539.8 million) to 3.7 billion yuan, according to a stock exchange filing. For the first half of 2016, BYD reported 2.3 billion yuan in profit, a 384 percent increase…
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China’s BYD forecasts up to 91 percent profit rise for first nine months