(Bloomberg) –Volkswagen AG bought North American parking-payment operatorPayByPhone in the latest move by Europeâ€™s biggest carmaker to expand from manufacturing into mobility services. The purchase of Vancouver-based PayByPhone,Â which processed more than 250 million dlrs in transactions this year, will turn the German companyâ€™s Volkswagen Financial ServicesÂ unit into the leader in mobile payments for parking, the Read More..
German industrial robot maker Kuka is boosting its presence in the US through the acquisition of the plant engineering business of privately owned Utica Companies. Utica is a Michigan-based welding equipment specialist with a focus on the auto industry. The acquisition will make Kuka the biggest systems supplier in the North American automotive sector, the Read More..
Honda will debut a new in-vehicle connectivity system in North America 0n the 2013 Honda Accord later this year. The Japanese carmaker said HondaLink will offer the first integration by a car company of Harman’s Aha application. HondaLink will provide a personalized connection to cloud-based news, information and media feeds, Honda said. “HondaLink will enable Read More..
Ford is getting serious with its plans for electric vehicles. The U.S. carmaker announced Thursday it is tripling its production capacity of electric vehicles in North America by 2013. And it will bring to North America the European-developed C-MAX as a hybrid and plug-in hybrid only. That â€œbrings a stronger business caseâ€ than the original Read More..
LAS VEGAS â€“ OnStar announced that it will be available as an aftermarket solution for brands other than General Motors. Chris Preuss, OnStar president, said the move reflects the biggest change in the GM-owned companyâ€™s business model since its inception in 1996. The new strategy would provide â€œa strong new revenue base for GM and Read More..