Robert Bosch and Continental, two of the world’s biggest automotive suppliers, are each buying a 5 pc stake in location and digital mapping specialist Here. The two German companies are buying their stakes from Here’s main owners, premium car makers Audi, BMW and Daimler. The transactions are expected to be completed in the first quarter Read More..
FRANKFURT — Cooperation between automakers, IT companies and other stakeholders in the car industry is essential to realize autonomous driving, Elmar Frickenstein, head of fully automated driving at BMW, said Wednesday. In an address to the carIT Congress here, Frickenstein cited the premium brand’s tie-up with chipmaker Intel and sensor specialist Mobileye as an example Read More..
Faraday Future has recruited veteran BMW executive Ulrich Kranz as chief technology officer (CTO), adding more automotive expertise from the German premium car group. Earlier this year, FF hired former Deutsche Bank board member Stefan Krause to head up its finance operations. Krause previously served as BMW CFO. Kranz, who most recently was in charge Read More..
Ian Robertson will retire as BMWâ€™s head of sales and marketing in 2018, handing over to Philips executive Pieter Nota on January 1. Robertson, the former head of BMWâ€™s Rolls-Royce luxury brand, has been in his current position for almost 10 years. â€œEven through challenging economic times, he enabled the continuous growth of the company Read More..
BMW has launched a new service designed to better manage the functions â€“ and business opportunities â€“ that are becoming available through car data. The service, which is called BMW CarData, allows customers to decide what data can be used for a particular purpose. For BMW, it provides opportunities to enter into a new range Read More..
Intel has signed a definitive agreement to acquire Mobileye, giving the California-based chip maker a stronger position in the automotive technology sector. Intel said it plans to acquire the sensor specialist through a cash offer worth aroundÂ 15 billion dlrs. The move will let Intel combine itsÂ high-performance computing products with Mobileye’s computer vision expertise. Together, those Read More..
Members of a newly formed “Hydrogen Council” committed to increased investment in the development and commercialization of hydrogen and fuel-cell technologies. The global initiative, aimed at helping ambitious worldwide plans to limit global warming, was unveiled during the annual meeting of the World Economic Forum in Davos, Switzerland. Auto-industry members of the council are BMW, Read More..
The annual Mobile World Congress (MWC), which brings together stakeholders in the global connectivity revolution, will take place in Barcelona Feb. 27 through March 2. The annual gathering, the world’s largest meeting place for the mobile industry, features both an exhibition and a conference program. Last year, more than 100,000 people attended MWC and 2,200 Read More..
Robert Bosch will holdÂ its annual internet-of-things conference in Berlin March 15 and 16. The German automotive supplier, which has in recent years focused heavily onÂ IoT technologies, is hosting an event that features senior industry executives speaking about the connected software and systems reshaping industries across the board. Bosch CEO Volkmar Denner will speak about key Read More..
Here will provide map content to Baidu to help the Chinese internet company grow its mapping business outside its home market. Here already provides content to Baidu Maps’ desktop and mobile services in southeast Asia. The new agreement between the two companies covers another 150 countries worldwide. In 2015, Here was bought by German premium Read More..