Filed under: Etc., Technology, Volkswagen
The House that Gates Built has teamed up with the Volkswagen Group to develop the next generation of automotive information and entertainment delivery strategies.
A firm called e.solutions supplies Volkswagen with its infotainment software. Microsoft has signed an agreement to license its Extended File Allocation Table (exFAT) technology to e.solutions, which allows the software developer to squeeze more information into smaller spaces. Also, the speed at which that data can be accessed will get a shot in the arm. Read more about this partnership in the full press release posted after the jump.
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Microsoft and Volkswagen team up for in-car file storage originally appeared on Autoblog on Sat, 07 May 2011 12:33:00 EST. Please see our terms for use of feeds.
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Continue reading “Microsoft and Volkswagen team up for in-car file storage”
A group of New York hedge funds have filed suit against Porsche for cornering the market on Volkswagen stock, according to Reuters. The lawsuit claims that the German automaker caused $1 billion in losses by discreetly buying up every freely traded share of Volkswagen stock in an attempt to take over the company in 2008. When Porsche revealed what it had done, Volkswagen stock prices leapt. The hedge funds, meanwhile, had bet big that Volkswagen shares would actually see a dip, and the reversal caused major losses.
More than 450 executives from Chrysler’s white collar force, going all the way back to Lee Iacocca, have sued Daimler and Cerberus for gutting the value of their collective supplemental pensions to the tune of $100 million. They class action suit took the noted step of not suing Fiat-owned Chrysler, with the lead attorney saying that “Everybody involved in this suit loves that company and like everybody else wants to see it succeed.”