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Samsung and Harman deal is expected to be completed in mid-2017.

Samsung Acquires Harman International Industries for $8B

Nov 15, 2016 12:37 AM EST

Samsung has announced its acquisition of Harman International Industries for approximately $8 billion or $112.00 per share in cash.

Audi Signs Memorandum of Agreement With Alibaba, Baidu, Tencent

Phenny Lynn Palec |

Sep 13, 2016 09:20 AM EDT

As part of its bid for the future of the connected cars market, Volkswagen luxury car brand Audi has signed a Memorandum of Understanding (MOU) with three Chinese tech giants: Alibaba, Baidu, and Tencent.

Alibaba, SAIC Unveils Connected Car RX5

Phenny Lynn Palec |

Jul 08, 2016 07:46 AM EDT

Chinese e-commerce giant Alibaba has officially launched it's first ever connected car. The project was carried out in collaboration with Chinese automaker SAIC. The development of the connected car took two years to complete and cost $160 million.