Automotive electronics group Control Instruments has seen a drop in its headline earnings per share for the year to December, largely due to its exposure to technology ventures.
The finance arm of Ford Motor has sold $750 million of three-year notes, but the company says its first foray into Internet bond auctions did not draw the demand anticipated.
A Singapore software developer, goMobile, has developed technology designed to enable cars to provide full Internet access.
PM Tech and Bynx have signed an agreement under which Bynx can bundle the PM Ora Professional solution with its Oracle-based financial vehicle leasing software.
Motoronline has entered into a joint venture with Automotive Online, an online motor vehicle auction company, which gives the company access to real-time auction technology.
Volkswagen has contracted Peregrine Systems to provide it with an electronic catalogue solution for its global e-procurement system. [Local Peregrine rep: CCH Enterprise Solutions]
The automotive industry is behind in terms of e-business, says KPMG. Some 35% of automotive senior execs are actively involved in e-business initiatives, far lower than the cross-industry average of 58%.
Microsoft is taking its vision of being present on 'every device` literally. It showcased its new platform for the automotive industry - Car.NET - at the Consumer Electronics Show this week.