Could Samsung Be The NEXT Technology Player To Enter The Car Game? Maybe...

...If profits are anything to go by – and they are because they fund the highest levels of R&D, salaries, finest acquisitions plus the right factories in the right countries – then Samsung leaves most old-school car makers looking like cottage industries scratching to earn a living. A 17 per cent year-on-year hike in annual profits to almost $20billion puts it among the world’s top 10 firms.

On its own, Samsung was about as profitable last year as Ford, Renault, Hyundai and the VW Group combined. It’s rich enough to become more of a major EV player and now has the will, plus the technical capabilities, to go deep down the auto road. If it can do state-of-the-art aircraft, military vehicles and globally significant consumer products, it can certainly do driverless or driveable electric cars and trucks. Samsung vehicles or vehicle tech are set to become as much a part of our lives as its other devices, such as smartphones...

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TomM - 10/1/2017 11:35:20 AM

+2 Boost

I would expect that if Samsung really wanted to go into the EV business (It already makes the batteries) - that it would be cheaper to BUY an existing Car Company rather than spend the money to develop a car - and a dealer network around the world. While they would not be allowed to buy Hyundai - they certainly could buy a number of other manufacturers.

MDarringer - 10/1/2017 12:32:31 PM

+1 Boost

The money isn't in building cars but creating, licensing, and building the systems that manufacturers need.

CANADIANCOMMENTS - 10/1/2017 3:29:48 PM

+2 Boost

If you really want to make something make a mid size and full size pickup trucks. Lower technology requirement and the highest per unit margins in mainstream auto manufacturing. Those margins only go higher when luxury versions of these same products are added to the mix.