All investment articles
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ArticleSamsung launches major investments to become global tech leader
Samsung plans to invest heavily in AI, 5G and other new technologies (Photo: Samsung)Samsung plans to invest $22.3 billion over the next three years in areas such as artificial intelligence, 5G communication, automotive electronics components and biopharmaceuticals.Overall investments, aimed at making the Korean electronics conglomerate a global technology leader, ...
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ArticleSoftbank invests in GM's Cruise driverless-car unit
GM acquired Cruise in 2016 to speed up development of autonomous cars (Photo: GM)Softbank will invest $1.1 billion in GM Cruise Holdings, adding more financial muscle to General Motors' plan to ready autonomous-driving technology for commercial implementation in 2019.The US automaker is also committing an additional $2.25 billion of ...
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ArticleFord invests in robots, data hub in Kentucky plant
Managers at Ford’s Kentucky Truck Plant get information on seven big-screen monitors (Photo: Ford) Ford Motor has invested a further 25 million dlrs to increase line speed at its plant in Louisville, Kentucky, to meet a 25 pc increase in output of the Lincoln Navigator and Ford Expedition ...
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ArticleJaguar Land Rover invests in advanced engineering
Jaguar unveiled its new XF model during a dramatic 'high-wire' water crossing in London (Photo: JLR)Jaguar Land Rover is expanding its advanced engineering and design center in Whitley, England, in a move to speed up the development of technologically sophisticated premium vehicles.The British carmaker, which is owned by India's ...
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ArticleDaimler takes 12 pc stake in China's BAIC Motor
Daimler CEO Dieter Zetsche (l) and BAIC ChairmanXu Heyi formally agreed on greater cooperation Feb 1 (Photo: Daimler)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 ...
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ArticleReport: 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 ...
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ArticleVW Group to invest 50 billion euros over next 3 years
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 ...
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ArticleSAP 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 ...
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ArticleGM 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 ...
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ArticleFor midsized companies, a planned IT boost
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 ...
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ArticleSAP CIO Survey: More focus on innovation needed
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 ...
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ArticleStudy: IT budgets steady in 2011
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 ...
