In an effort to expand into the auto market, Samsung has announced that it will purchase Harman for $8 billion to gain access to both its automotive and audio offerings. The American company Harman is best known for its audio equipment, though it also has a large presence in the automotive market. Last year, the company earned over $7 billion, of which its connected car devices and audio systems accounted for 65 percent of the total sales. Harman's products are installed in around 30 million vehicles worldwide which could really benefit Samsung as it has already lost a lot of… [Continue Reading]