Deals

Samsung Turns Up the Volume on Cars

Harman offers profitable growth at a reasonable price. That could be music to shareholders' ears.
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Samsung Electronics Inc. really has a thing for cars.

While Apple Inc. is reported to have scaled back its auto ambitions, the South Korean company is doubling down. First it was interested in buying bits of Fiat Chrysler Automobiles NV's Magneti Marelli autoparts business for more than $3 billion. Now it's written an $8 billion check for Harman International Industries Inc., by far the largest purchase the company has made.