Daimler takes 12 pc stake in China’s BAIC Motor

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Daimler will acquire a 12 pc stake in Beijing Automotive Group’s (BAIC) passenger car division, the first time a western carmaker invests directly in a Chinese auto group. The two companies were already working together in various areas, but the investment lays the groundwork for closer cooperation in the world’s biggest car market. Daimler will […]

Report: Audi plans to invest 3 billion euros in China

Audi showed its new Q3 SUV at the Beijing auto show in April, 2012 (Photo: Audi)

With demand for its cars surging, Audi plans to invest 3 billion euros in China in the next five years, according to a report in the government-owned China Daily. The newspaper, citing an interview with Wolfgang Duerheimer, Audi’s head of research and development, said the funds are earmarked to develop, produce and sell new cars […]

VW Group to invest 50 billion euros over next 3 years

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Volkswagen Group plans to invest 50.2 billion euros in the next three years to strengthen competitiveness and safeguard its future. “Despite the challenging economic environment, we are investing more than ever before to reach our long-term goals,” said Martin Winterkorn, CEO of Europe’s largest automotive group. The plan covers investment for the years 2013, 2014 and […]

SAP to spend $2 billion in China through 2015

SAP Labs will play a major innovation role in China (Photo: SAP)

SAP plans to spend more than 2 billion dlrs in China as it strengthens its commitment to one of the world’s fastest growing major markets. The German business software maker said in a press release that it wants to increase local r&d activities, hire and train more people and bring its own benchmarking technology to […]

GM invests in Proterra electric bus maker

Proterra's battery-electric bus can recharge in 10 minutes (Photo: Proterra)

General Motors is investing 6 million dlrs in Proterra, a maker of zero-emission commercial transit buses. The investment comes from funds the automaker has earmarked to identify and help develop innovative new transportation technologies. GM said its GM Ventures division is part of an investment group led by venture capital firm Kleiner Perkins Caufield & […]

For midsized companies, a planned IT boost

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More than half of all midsized companies interviewed for an IBM-commissioned study late last year plan to boost their IT spending in 2011. Of the 2,112 companies polled, 53 pc projected an increase, which compares with only 20 pc in a similar study conducted in 2009. No change was budgeted by 31 pc of the […]

SAP CIO Survey: More focus on innovation needed

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A survey of CIOs shows that many are concerned that IT budgets don’t focus enough on innovation. The survey, conducted by German business software group SAP, found that a strong focus on operations means that IT budgets cannot earmark enough funds to implement new technologies. “A third of companies said that their current IT strategy […]

Study: IT budgets steady in 2011

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IT budgets are likely to remain steady next year, according to a poll of IT managers at major companies in German-speaking countries. According to the survey, which is part of consultants Capgemini’s annual IT Trends Study, 39 percent of IT managers polled see IT budgets little changed, while 21 percent expect cuts. Thirty-five percent of […]