Technology Companies Continue Their Automotive Invasion

11 August 2016 Dashboard Insights Blog
Author(s): Jeffrey A. Soble

As we have written about before, the difference between technology companies and automotive companies is getting smaller and smaller. That trend continues to progress.

Samsung Electronics Ltd. is closer to becoming an auto parts supplier. As reported on AndroidHeadlines.com, “Last month Samsung Electronics acquired a stake in Chinese electric car company BYD, and according to a more recent report from Korea, the tech giant has already partnered with Italian automotive system manufacturer Magneti Marelli “on a group-wide basis”…” Samsung seems determined to not let Apple and Google dominate the automotive information technology segment. Considering Samsung’s success in both hardware and its associated software, Samsung could be poised to be a large auto supplier sooner rather than later.

Likewise, Verizon Communications seems determined to get a piece of the automotive industry. Specifically, Verizon appears to “see fleet management as a source of growth…” Verizon recently bought Telogis, thereby providing Verizon access to the connected vehicle market. Verizon combined that acquisition with the intended purchase of Fleetmatics, which specializes in GPS vehicle tracking. These acquisitions may very well position Verizon to offer more comprehensive fleet management services to companies – combining a wireless data network with connectivity and GPS. More acquisitions will surely follow.

When we discuss “automotive” companies, the list and variety of such companies just keeps growing. These are manufacturers, technology companies, aggregators, and more.

This blog is made available by Foley & Lardner LLP (“Foley” or “the Firm”) for informational purposes only. It is not meant to convey the Firm’s legal position on behalf of any client, nor is it intended to convey specific legal advice. Any opinions expressed in this article do not necessarily reflect the views of Foley & Lardner LLP, its partners, or its clients. Accordingly, do not act upon this information without seeking counsel from a licensed attorney. This blog is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Communicating with Foley through this website by email, blog post, or otherwise, does not create an attorney-client relationship for any legal matter. Therefore, any communication or material you transmit to Foley through this blog, whether by email, blog post or any other manner, will not be treated as confidential or proprietary. The information on this blog is published “AS IS” and is not guaranteed to be complete, accurate, and or up-to-date. Foley makes no representations or warranties of any kind, express or implied, as to the operation or content of the site. Foley expressly disclaims all other guarantees, warranties, conditions and representations of any kind, either express or implied, whether arising under any statute, law, commercial use or otherwise, including implied warranties of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Foley or any of its partners, officers, employees, agents or affiliates be liable, directly or indirectly, under any theory of law (contract, tort, negligence or otherwise), to you or anyone else, for any claims, losses or damages, direct, indirect special, incidental, punitive or consequential, resulting from or occasioned by the creation, use of or reliance on this site (including information and other content) or any third party websites or the information, resources or material accessed through any such websites. In some jurisdictions, the contents of this blog may be considered Attorney Advertising. If applicable, please note that prior results do not guarantee a similar outcome. Photographs are for dramatization purposes only and may include models. Likenesses do not necessarily imply current client, partnership or employee status.

Related Services

Insights

Foley Automotive Report
06 December 2022
Dashboard Insights
Episode 3: The Future Powered By Hyperscale Cloud Computing with David Sloan of Microsoft
06 December 2022
Innovative Technology Insights
2023 M&A Outlook
05 December 2022
Foley Ignite
COVID-related Form I-9 Remote Verification Flexibilities Extended Through July 31, 2023
05 December 2022
Labor & Employment Law Perspectives
What You Should Know About Payor/Provider Convergence
25-26 January 2023
Los Angeles, CA
ATA EDGE2022 Policy Conference | American Telemedicine Association
7-9 December 2022
Washington, D.C.
CLE Weeks
5-16 December 2022
Milwaukee, WI
Foley Sponsors Ernst & Young Entrepreneur of the Year® Program
1 December 2021 - 30 November 2022
Michigan and Northwest Ohio Region