investment

  • samsung.automotiveIT
    Article

    Samsung launches major investments to become global tech leader

    2018-08-08T15:23:55Z

    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 ...

  • softbank.automotiveIT
    Article

    Softbank invests in GM's Cruise driverless-car unit

    2018-06-01T09:17:36Z

    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 ...

  • ford.automotiveIT
    Article

    Ford invests in robots, data hub in Kentucky plant

    2018-02-21T10:13:00Z

    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 ...

  • jlr.automotiveIT
    Article

    Jaguar Land Rover invests in advanced engineering

    2015-03-25T11:17:13Z

    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 ...

  • daimler.baic.automotiveit
    Article

    Daimler takes 12 pc stake in China's BAIC Motor

    2013-02-03T19:09:32Z

    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 ...

  • Audi Q3.automotiveIT
    Article

    Report: Audi plans to invest 3 billion euros in China

    2012-12-03T16:55:55Z

    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 ...

  • volkswagen-logo small.automotiveIT
    Article

    VW Group to invest 50 billion euros over next 3 years

    2012-11-23T16:09:25Z

    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 ...

  • sap labs shanghai.automotiveIT
    Article

    SAP to spend $2 billion in China through 2015

    2011-11-15T14:57:41Z

    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 ...

  • proterra.automotiveIT
    Article

    GM invests in Proterra electric bus maker

    2011-06-18T11:48:45Z

    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 ...

  • ibm midsize study.automotiveIT
    Article

    For midsized companies, a planned IT boost

    2011-02-04T07:39:47Z

    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 ...