Thursday, July 21, 2016

Samsung Buys Stake in Chinese Automaker After Being Turned Down as a Supplier

As the saying goes, if you can't sign a supply agreement with 'em, buy a part of 'em. That's clearly not a saying, but that's what Samsung Electronics Company just did with Chinese electric automaker BYD, handing over $440 million deal for a 1.9 percent stake in the company. According to Bloomberg, a Samsung subsidiary […]


The post Samsung Buys Stake in Chinese Automaker After Being Turned Down as a Supplier appeared first on The Truth About Cars.

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