Porsche acquires 10 pc of Inrix

Porsche Holding has acquired a 10 pc stake in Inrix, underscoring the importance of connected information for the¬†Volkswagen Group. Citing the quickly growing need for traffic-related information and data-based solutions, Porsche board member Philipp von Hagen said: “We see a tremendous potential in this segment of the automotive value chain.” Von Hagen, who is in […]

Study: Consumers warm to usage-based insurance

Consumers in the US are growing more comfortable with usage-based insurance policies, according to a new study. According to the 2014 ¬†LexisNexis Insurance Telematics Study, insurance rate discounts are still the main driver for consumers, but other factors are starting to play a role in increasing acceptance levels. Safety and security considerations are a major […]

Inrix, PTV cooperate on smart-city mobility

PTV and Inrix plan to work together to provide modeling software to address mobility issues in smart cities. PTV, a Germany-based logistics software group, and Inrix, a provider of real-time traffic information, said the cooperation will combine PTV’s analytics tools with the traffic data gathered by Inrix. In addition, the two companies will jointly market […]

AT&T offers 6 apps for connectivity platform

AT&T is offering carmakers six new voice-enabled apps that will add features such as weather forecasts, parking updates and personalized radio to its its connected-car platform. The US wireless company said the apps were developed by¬†AccuWeather, Glympse, iHeartRadio, Stitcher, Streetling and Tribune Digital Ventures. ‚ÄúEach of these apps provides an enhanced in-car experience for users […]

SAP invests in Africa

SAP plans to invest as much as 500 million dlrs in Africa through 2020 in a bid to help the continent accelerate growth in its biggest economies. The business software maker’s focus is on South Africa, Nigeria, Kenya, Angola and Morocco. ‚ÄúThe African market is unique in its growth potential and readiness to innovate,‚ÄĚ said¬†Robert […]

Nissan’s Palmer to become Aston Martin CEO

Nissan’s Andy Palmer will become CEO of ¬†Aston Martin, succeeding Ulrich Bez, who became non-executive chairman¬†of the¬†luxury sports car maker late last year. Palmer, 51, is chief planning officer of Nissan. He will assume his new position after a transition period, Aston Martin said. The company didn’t specify how long that period would be. At […]

Connectivity market set to soar, but data security is big worry

The market for networked mobility products and services is set to almost quadruple between 2015 and 2020, but data security¬†issues will become a big problem once more cars are connected, according to a new study. The study projects that the market for networked mobility will grow to 115.2 billion euros by 2020 from 31.87 billion […]

Report: Software anarchy endangers Industry 4.0

Failing IT governance is jeopardizing “Industry 4.0,” according to a new report from German IT management consultants Steria Mummert. The study cites uncontrolled growth of software in the area of manufacturing as production facilities are networked. As a result, the consultants say there isn’t enough IT governance to assure the compatibility of corporate data across […]

Infineon to acquire International Rectifier

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

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 […]