Samsung Electronics’ Chief Executive Officer Kwon Oh-hyun resigned on Friday, soon after the company projected record earnings for the July-September quarter. In a letter to employees, the CEO said the company needs “a new spirit and young leadership” as the company faces an “unprecedented crisis inside out”.
Kwon’s resignation comes less than two months after a South Korean court in August sentenced company heir Lee Jae-yong to five years in prison, finding him guilty of bribery and embezzlement. He had been expected to take on a bigger role after Lee’s arrest.
The South Korean firm’s CEO will resign as the company’s head of the Device Solutions Business and will not seek re-election as a board member when his term ends in March. He will also resign as the chief executive of Samsung Display. He worked with the company since 1985, when he joined as a researcher.
Kwon said a new leadership was needed to “better respond to challenges arising from the rapidly changing IT industry”.
Some of the most significant innovations in automotive history made their debut in this iconic automobile
The latest version features India's first BS VI norms-compliant engine and a host of 'intelligent' features.
The S-Class, also known as Sonderklasse or special class, represents Mercedes Benz’ top-of-the-line sedan line up. Over the decades, this line of luxury vehicles has brought significant automotive technologies to the mainstream, with several firsts to its credit and has often been called the best car in the world. It’s in the S-Class that the first electronic ESP and ABS anti-lock braking system made their debut in the 20th century.
Twenty first-century driver assistance technologies which predict driver-behaviour and the vehicle’s course in order to take preventive safety measures are also now a staple of the S-Class. In the latest 2018 S-Class, the S 350 d, a 360-degree network of cameras, radars and other sensors communicate with each other for an ‘intelligent’ driving experience.
The new S-Class systems are built on Mercedes Benz’s cutting-edge radar-based driving assistance features, and also make use of map and navigation data to calculate driving behaviour. In cities and on other crowded roads, the Active Distance Assist DISTRONIC helps maintain the distance between car and the vehicle in front during speeds of up to 210 kmph. In the same speed range, Active Steering Assist helps the driver stay in the centre of the lane on stretches of straight road and on slight bends. Blind Spot Assist, meanwhile, makes up for human limitations by indicating vehicles present in the blind spot during a lane change. The new S-Class also communicates with other cars equipped with the Car-to-X communication system about dicey road conditions and low visibility due to fog, rain, accidents etc. en route.
The new S-Class can even automatically engage the emergency system when the driver is unable to raise an alarm. Active Emergency Stop Assist brings the car to a stop if it detects sustained periods of inactivity from the driver when Active Steering Assist is switched on. If the driver doesn’t respond to repeated visual and audible prompts, it automatically activates the emergency call system and unlocks the car to provide access to first responders.
The new Mercedes-Benz S 350 d in India features another notable innovation – the country’s first BS VI norms-compliant car engine, in accordance with government regulations to control vehicular pollution. Debuting two years before the BS VI deadline of 2020, the S 350 d engine also remains compatible with the current BS IV fuels.
The S 350 d is an intelligent car made in India, for Indian roads - in the Mercedes Benz S-Class tradition. See the video below to know what drives the S-Class series by Mercedes Benz.