Infineon to acquire International Rectifier

Infineon CEO Ploss: The International Rectifier acquisition "will unleash great potential.‚ÄĚ (Photo: Infineon)

Infineon has signed an agreement to buy International Rectifier Corp in a bid to further strenghthen its position in the global semiconductor and power management market. The German chip maker will pay 40 dlrs a share or a total of 3 billion dlrs for the California-based power semiconductor specialist. International Rectifier is a specialist maker […]

Germany presents IT security legislation

German cabinet ministers propose stricter rules for reporting IT security breaches (Photo: German Interior Ministry)

The German government has presented a draft IT security law that aims to boost data protection in companies, public offices and private households. The paper, drafted by the Interior Ministry, proposes to have IT security minimum standards for energy and telecommunications networks, banks and transportation organizations. These would have to abide by the requirements and […]

Study: VW could be world’s biggest carmaker in 2014

vw.automotiveIT

A new study predicts that Volkswagen Group, which wants to be the world’s biggest automaker in terms of unit sales by 2018, could achieve that goal this year already. Europe’s largest automaker has “a good chance” to reach the target in 2014 after selling more cars than Toyota in the first half of the year, […]

Continental hires Google exec for new Silicon Valley unit

Former Google executive Oz will head Continental's new Silicon Valley unit(Photo: Continental

Continental is setting up a beachhead in Silicon Valley, in a move to make sure it is part of a growing automotive and IT community in California mapping out the future of personal transportation. The Hanover-based automotive supplier said it is putting together an international team of specialists who will focus on intelligent transportation systems […]

Newspaper: Russia mulls car import restrictions

Expanded sanctions may depend on new western moves, Moscow officials say (Photo: Azov/Wikimedia)

Russia may impose import restrictions on foreign-made cars if European and US sanctions are expanded further, according to a local newspaper. The newspaper, Vedomosti, said it had been told by two government officials that Moscow could resort to such action should western countries impose tougher sanctions on Russia. The EU and the US last month […]

Strong growth seen for user-based insurance

sss (Photo: AA)

User-based insurance (UBI)¬†is set to continue its strong growth and is on its way to become an essential part of the insurance industry’s offerings, according to a new report published by market researchers Aite Group. This will provide opportunities for specialist providers that can help the insurance industry build suitable products. “The combination of broader […]

IAA Commercial Vehicles – Hanover

The IAA features demonstrations of the latest trucking technologies (Photo: IAA)

The Hanover commercial vehicles¬†fair (IAA) will take place September 23 through October 2. The show, which is held every other year, kicks off with two press days, Sept 23 and 24, before opening to the public Sept. 25. The fair will highlight the importance of road transportation for the European economy. At a press seminar […]

Handelsblatt Automotive Summit – Munich

handelsblatt.automotiveIT

The Handelsblatt Automotive Summit, which features presentations by several German automaker CEOs, will be held in Munich October 30 and 31. Volkswagen Group CEO Martin Winterkorn and Daimler CEO Dieter Zetsche will be among the speakers, as will Opel CEO Thomas Neumann, Volvo Cars chief¬†Hakan Samuelsson and Continental boss¬†Elmar Degenhart. The annual conference, which is […]

Cisco: cyber-security threats require high-level attention

Cisco's mid-year report looks at the state of cyber security in the 1st half of 2014 (Photo: Cisco)

As companies look to defend themselves against high-profile digital threats, cyber criminals are exploiting other, less obvious weaknesses in companies’ IT landscape, according to a new report published by Cisco. A focus on well-publicized, high-profile vulnerabilities rather than on “high-impact, common and stealthy threats” increases the risk that cyber criminals will be successful using these […]

Lamborghini CIO returns to Audi

Schlapp was at Lamborghini for four-and-a-half years (Photo: Claus Dick)

Lamborghini CIO¬†Matthias Schlapp is moving back to Audi, the luxury sports car maker’s parent company within the Volkswagen Group. Schlapp is assuming responsibility for pre-production, readiness and production planning¬†at Audi. He will be succeeded at Lamborghini by Federico Boni, manager IT process & application at the Italian company. In a 2012 interview with automotiveIT, Schlapp […]