September 15, 2014 by John Day
TRW Automotive Holdings Corp. has entered into a definitive agreement with ZF Friedrichshafen AG (“ZF”) under which ZF will acquire all outstanding shares of TRW for $105.60 per share in an all-cash transaction valued at approximately US$13.5 billion.
The transaction will create a global leader in the automotive supplier business with pro forma combined sales of approximately €30 billion ($41 billion) and 138,000 employees. The combined company will serve high-growth areas such as fuel efficiency, increased safety requirements, and autonomous driving.
TRW will be operated as a separate business division within ZF.
September 12, 2014 by John Day
Audi of America and AT&T will provide owners of 2015 A3, S3 and Q3 models equipped with Audi connect® the option of adding their connected cars to an AT&T Mobile Share Value(SM) data plan, starting Oct. 1.
With a Mobile Share Value Plan, customers can purchase a monthly allotment of data to share among their connected devices, including the all-new Audi premium compact and crossover models equipped with Audi connect. The access charge is $10 a month to add a vehicle to a Mobile Share Value plan, which is the same price that AT&T charges to add a tablet to an existing plan.
Agnik, a data analytics company for connected cars, has received a US Department of Transportation Contract for developing advanced mathematical game-theoretic framework-based products in the area of social incentives and mechanism design for usage-based insurance.
The project will be performed in collaboration with Harman International and will be supported by several leading insurance carriers.
Growing interest in blending social experience with Connected Car applications is creating new opportunities for insurance carriers. However, gamification without a proper mathematical approach may have adverse effects.
“We began with the IPO of Covisint, initiated a robust dividend, divested non-core operations, and aggressively reduced corporate expenses,” said Compuware CEO Bob Paul,. Compuware is now best suited to focus on its core mainframe and APM businesses as a private-equity backed company, where we can continue to serve our customers in a competitive environment with greater flexibility to take a long-term approach.”
Cadillac to Introduce Advanced ‘Intelligent and Connected’ Vehicle Technologies on Select 2017 Models
Super Cruise and V2V slated for production in about two years
Cadillac will begin offering advanced “intelligent and connected” vehicle technologies on certain 2017 model year vehicles, General Motors CEO Mary Barra said Sunday during her keynote address at the Intelligent Transport System (ITS) World Congress in Detroit.
September 9, 2014 by John Day
IBM and The Agência de Transporte do Estado de São Paulo (ARTESP), the regulatory agency that oversees public transportation for the State of São Paulo, Brazil, announced the opening of the Information Control Center designed to help ensure the quality of service provided by local operators of the state’s highways.
The center will unify traffic data, incident management and service delivery through the use of advanced analytics to help ensure safer and more efficient travel for a population of 20 million across 271 cities.
OEM rear-seat entertainment shipments have only reached an estimated 2.9 million in 2014. Furthermore, aftermarket devices have not fared too well either; shipments in 2014 are estimated to be 3.5 million globally. However, there is hope that this stagnant market will prosper once more in the form of bring your own device (BYOD) i.e. tablets, smartphones, gaming devices, and other portable media players. Consumers have moved on from DVD and Blu-ray players and therefore so too must rear-seat entertainment.
The MOST® Cooperation – standardization organization for the leading automotive multimedia network technology Media Oriented Systems Transport (MOST) – has opened the Call for Papers for the 2015 International Conference on MOST Technology.
Professionals from the automotive electronics industry and academia are invited to present their latest insights and future visions at the seventh MOST Forum on April 21, 2015 in Stuttgart/Esslingen (Germany).
Concurrent with the MOST Cooperation’s All Members Meeting, this one-day conference and exhibition will present the latest current and future technologies and application highlights based on MOST Technology. The broad international audience will be composed of researchers, designers, engineers, system developers, as well as purchasers, journalists and managers of the industries involved.
Amphenol Corporation (NYSE:APH) has entered into a definitive agreement to acquire the Casco Automotive Group (CASCO), a division of Cap-Con Automotive Technologies Ltd. (Cap-Con) for approximately $450 million.
Cap-Con is owned by a private investment fund managed by The Jordan Company II, L.P. and Cap-Con management. The sale is subject to certain regulatory approvals and other customary closing conditions and is expected to close prior to year end.
Casco, headquartered in Bridgeport, Connecticut, is a supplier of highly engineered data connectivity, power, charging and sensor products to the worldwide automotive market, with annual sales of approximately $220 million. Casco has facilities in the Americas, Europe and Asia and employs approximately 1,300 people worldwide.
August 28, 2014 by John Day
In a climate of high consumer demand for increasing levels of technology in new vehicles audio, communication, entertainment and navigation (ACEN) systems are the most problematic component category in today’s new vehicles, according to the J.D. Power 2014 Multimedia Quality and Satisfaction Study.
The study measures the experiences and opinions of vehicle owners regarding the quality, design and features of their ACEN systems in the first 90 days of ownership. Multimedia system quality is determined by the number of problems experienced per 100 vehicles (PP100), with a lower score reflecting higher quality.