General Motors just announced it intends to exercise its option under the GM/Delphi Master Restructuring Agreement to acquire the Delphi global steering business. The deal includes employees, facilities, products, technical capability, and intellectual property.
Delphi would be a standalone business much as it is today and, at least in the near term, will be held in a wholly owned subsidiary of GM. A diverse customer base and the ability to self-fund the operations will be essential to the business' long-term future, the company said.
GM expects the transaction to be completed in the second quarter of 2009. Terms of … Read more
GM, BMW have a lousy week; Dash Navigation pulls the plug on it's device; Delphi is convinced we want in-car Internet; and a romp in the tire smoking Chevy Cobalt SS. Listen now: Download today's podcastSHOW NOTES
Car industry giant Delphi has announced it will develop wireless Internet gear for cars in a partnership with Autonet Mobile. This isn't the first announcement of its kind, but Delphi is one of the Big 5 suppliers, so this is something of a turning point.
Delphi sells $23 billion worth of car electronics to the automakers each year, while Autonet is a San Francisco-based start-up that you may know for equipping some Avis rentals and Chrysler products with wireless hotspots. It brings early mover experience to the party, along with a bonding technology called TRU that promises to avoid … Read more
In-dash navigation and entertainment systems are great if you're the driver, but not so much fun for the front passenger. Not only do those riding shotgun have their navigational responsibilities usurped by an electronic processor, they're also forced to wait until the car is stopped to watch movies or even program in a destination.
There is a good reason behind this, of course--drivers can't have the distraction of a movie playing while racing along in the fast lane of the freeway, and punching in a destination on the touch screen is a dangerous diversion from the road. … Read more