Piech resigns as VW Supervisory Board chairman

Ferdinand Piech (Photo: VW)

Ferdinand Piech resigned Saturday¬†as head of the Volkswagen Group supervisory board, seemingly bringing to an end a two-week battle over who’s in control¬†at Europe’s largest automotive group. “The members of the Executive Committee have unanimously determined that in view of the background of the last weeks the mutual trust necessary ‚Äéfor successful cooperation no longer […]

Survey: Cloud security moves up the priority list

Policy violations often lead to security breaches (Photo: Netskope)

Security concerns are growing over cloud-based applications used by industrial companies and other businesses, according to a new Netskope survey. The cloud security specialist said that, following recent security breaches at major corporations such as Sony and JP Morgan, a growing number of CEOs and other top executives have inquired with their IT teams about […]

VW board committee confirms Winterkorn as CEO

Martin Winterkorn (Photo: VW)

Volkswagen CEO Martin Winterkorn is “the best possible chairman of the board of management,” the Executive Committee of the carmaker’s Supervisory Board said in a statement Friday. The announcement comes after Supervisory Board Chairman Ferdinand Piech last week expressed reservations about Winterkorn’s leadership. Piech is head of the Porsche-Piech family, which owns more than half […]

German companies under (cyber) attack

(Photo:Symantec)

More than half of all German industrial companies have been the object of industrial espionage, sabotage or data theft in the past two years, according to a study by the country’s high-tech association, Bitkom. The study, which polled senior managers at 1,074 companies, found that car companies are most frequently targeted, followed by the chemical […]

Who would buy Nokia’s HERE mapping unit?

Maps will be more important for autonomous cars (Phote: Nokia)

Nokia is considering the sale of its mapping unit, HERE, following its announcement of plans to acquire Alcatel-Lucent. The Finland-based telecommunications equipment maker said in a statement that it had “initiated a review of strategic options, including a potential divestment” of its HERE business. HERE is the navigation, mapping and location intelligence business built on […]

New US industry group calls for smarter transportation

The coalition says smarter transportation can address infrastructure proboems (Photo: US Administration)

A newly formed group of industry executives called on the US Congress to step up efforts to forge a smarter transportation infrastructure in the country. “For the United States to stay competitive in today’s global economy, it is critical that our nation invest more heavily in transportation research, technology and innovation,” the group, which is […]

Nokia, Alcatel-Lucent to create new connectivity mega-player

Nokia, Alcatel-Lucent see demand for combined product offering (Photo: Microsoft, Alcatel-Lucent)

Nokia and Alcatel-Lucent, citing complementary product portfolios, said they are planning a merger that aims to create a new company that is well positioned for “an IP connected world.” “Together, Alcatel-Lucent and Nokia intend to lead in next-generation network technology and services, with the scope to create seamless connectivity for people and things wherever they […]

EU formally accuses Google of abusing strong market position

Vestager (Photo: EU)

The European Commission sent a so-called “Statement of Objections” to Google, alleging that the technology company has abused its dominant market position in internet searches. The executive arm of the 28-nation bloc has also formally opened an antitrust investigation to look into whether Google has abused the dominant position of its Android mobile operating system. […]

OpenAutomotive Congress – Stuttgart

(Photo: Genivi)

Genivi is hosting “OpenAutomotive ’15,” a two-day conference focusing on cybersecurity issues in the auto industry. The event will take place in Stuttgart April 21-22. The main conference day is April 22nd. Genivi is a non-profit industry alliance of automakers and their suppliers. The group drives¬†the broad adoption of open-source in-vehicle infotainment software. In Stuttgart, […]

Study sees connected-car focus shift to business model

Most companies connected-car products are still in the planning phase (Photo: PAC)

Automotive companies are shifting their connected-car focus from making the technology work to defining how to generate actual revenue, according to a study by Pierre Audoin Consultants (PAC). “More and more companies are now going to focus on the business aspects of connected car offerings,” PAC said in an executive summary of the study. Those […]