ZF takes over TRW

ZF will continue to be headquartered in Friedrichshafen. TRW will be a separate division (Photo: ZF)

Germany’s ZF Friedrichshafen is taking over TRW Automotive to form a new global supplier group that, with combined annual revenue of around 30 billion euros and 138,000 employees, will be among the world’s 10 biggest automotive suppliers. The two companies have complementary strengths, with ZF occupying a leading position in driveline and chassis technologies and […]

EU’s designated digital boss doesn’t want Google building cars

Oettinger will become the EU's digital chief in November (Photo: EU)

Europe’s designated commissioner for the digital economy¬†says Europe has to modernize faster to avoid being overtaken by high-tech companies such as Google. “We shouldn’t get to the point that Google in future builds products such as cars or TVs and European companies are left with a supplier role,” Guenter Oettinger said in a German newspaper […]

Porsche acquires 10 pc of Inrix

Volkswagen Group wants to invest in connectivity (Photo: VW)

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 […]

SAP invests in Africa

Photo: Google

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 […]

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

Daimler is one carmaker that uses advanced connectivity functions to test autonomous driving (Photo: Daimler)

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 […]

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 […]

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 […]

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 […]