CNBC -- Samsung Electronics is setting up a new business unit to focus on automotive-related technology such as components for driverless cars, the South Korean giant said on Wednesday.

Details about the team were scarce but Samsung said it is to focus on infotainment systems and autonomous driving technology. Samsung did not say how big the team would be.

The news comes as Samsung looks to find new growth drivers amid slowing smartphone sales and as an increasing number of technology companies look to jump into the automotive space.

Read the rest of the story here: http://www.cnbc.com/2015/12/09/samsung-sets-up-team-to-focus-on-driverless-cars.html