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Samsung, the South Korean electronics giant — which already makes popular but recently problem-plagued smartphones — said on Monday that it had agreed to buy Harman International Industries, an American automotive technology company, in an ambitious push into a whole different kind of mobile. Harman is best known for making car audio systems under brand names popular with audiophiles such as Harman/Kardon and JBL. But Harman’s appeal to Samsung comes from what it calls its connected car business — an operation that supplies a car’s navigation services, its onboard...
U.S. auto makers, responding to weaker demand for sedans and other passenger cars amid low gasoline prices, are rebalancing production at U.S. factories in favor of building more sport-utility vehicles and trucks. General Motors Co. said it plans to add 650 hourly workers in Tennessee at a plant making the GMC Acadia and the Cadillac XT5, two midsize SUVs. Idled for three years after the auto maker’s 2009 bankruptcy, the Spring Hill, Tenn., factory is playing an increasingly important role in GM’s U.S. operations. The job additions come a day after Ford Motor Co. idled a...
Apple has been linked with a shock deal which might cost the company around £1.5bn, but it could possibly buy on this money something really worth it the McLaren Technology Group, the Formula One team owner and supercar maker. Apple is most likely about to make this huge investment in the company. On a question if McLaren is in talks with Apple about a possible purchase, the car brand has denied these rumors, saying a business will always be involved in some confidential conversations with many other companies, but these talks need to be kept confidential, and not disclo...
Two months after agreeing to a $14.7 billion deal with federal regulators over its cheating on diesel emissions tests, Volkswagen has reached another settlement covering its 650 U.S. dealers.The maker will pay $1.2 billion over the next 18 months to cover the losses dealers claim to have run up as a result of the scandal, in large part due to a sharp drop in the maker's sales. Along with cash payments, VW will provide "additional benefits" to those dealers. ‘‘They have cars on their lots they can’t sell,’’ Steve W. Berman, the lawyer for t...
July's green-car sales results, while still somewhat tepid, were enough to make auto-industry watchers downright patriotic, as increased demand for Ford and General Motors' hybrids and plug-in vehicles partially salvaged what was still a tough month. In fact, take out the impact of Volkswagen's continued stop-sale on diesel vehicles (of which more than 8,000 were sold in July 2015), and green-car sales were about dead-even with year-earlier figures. As it was, US green-car sales fell 17 percent to about 40,500 units. As for plug-in vehicles, demand spiked 20 percent from a year ear...
