The BBC reports that Samsung Electronics is to acquire automotive electronics-maker Harman International Industries for about $8bn (£6.4bn) in cash as it makes a big push into connected car technologies. Samsung is quoted as saying automotive electronics was ‘a strategic priority’ as the connected technologies market is expected to grow to $100bn by 2025. ‘The [...]

The National Auto Body Council (NABC) in the US has announced new officers and board members for its 2017 board of directors. Executive committee officers elected at NABC’s recent annual meeting in Las Vegas are: Domenic Brusco, chairman (PPG Automotive Refinish); Jeff Peevy, vice chair of community involvement (Automotive Management Institute); Elizabeth Clark, vice chair [...]

Tesla doesn’t see Brexit a problem and is planning to open up an engineering centre in the UK, according to founder Elon Musk. He said he didn’t envisage Brexit as having a ‘significant impact’ on the company and plans to tap into a deep source of British engineering talent. Elon said, ‘We have a lot [...]

MAPFRE recorded revenue for the first nine months of the year of €20.9bn, a year-on-year increase of 1.8%, while premiums totalled €17.1bn, a 1.3% decrease. Earnings before taxes and non-controlling interests grew by 15.5% to €1.3bn, and net profits were €572m, 3.3% lower than the equivalent figure for the first nine months of 2015. These [...]