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Upstream Security: cyber hacks could cost auto industry $24 billion within 5 years

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Cyber hacks might cost the auto industry roughly $24 billion within five years, according to a new study by Upstream Security , which specializes in cloud-based security protection. Issues range from safety critical vehicle systems, to data center hacks on back-end servers, to identity theft in car sharing, and even privacy issues.

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Consumer Reports calls for major safety improvements across auto industry after NTSB findings in Tesla investigation

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The evidence is clear, and continuing to pile up, that if a car makes it easier for people to take their attention off the road, they’re going to do so—with potentially deadly consequences. —Ethan Douglas, senior policy analyst for cars and product safety at Consumer Reports. Earlier post.)

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EC rolls out CARS 2020 action plan for European auto industry

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Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. —“CARS 2020”. The car sector will also face a similar trend.

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Volvo Cars sales down 17.2% in February, share of electrified cars increased to 33%

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Volvo Cars reported sales of 42,067 cars in February, a decline by 17.2% Sales of Volvo Cars’ Recharge models made up for 33.0% of all Volvo cars sold globally during the month. Sales of fully electric cars increased by 229.5% In the first two months of the year, Volvo Cars sold 89,628 cars, a decline by 18.8%

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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China has made progress with automotive energy-saving technologies over the past 10 years through implementing passenger car fuel consumption limits and the use of fiscal policy to encourage the purchase of small cars, the government statement noted. 2012 Chinese Auto Industry Development Report. L/100km (52.3

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ISU study finds large potential for biobased materials in auto industry, but with challenges

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However, they noted, there are also many challenges associated with the use of biobased parts in the auto industry. In 2007, Mazda announced the development of a new fabric made entirely from plant fibers to be used for seat covers and door trim in the Premacy Hydrogen RE Hybrid car.

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Thomson Reuters report finds established auto industry companies, not Silicon Valley, leading development of autonomous driving tech

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The report, which analyzes global patent activity in the field of self-driving automobiles over the last five years, identifies the global leaders in the development of the technologies and also makes predictions about the future of driverless cars. Source: Thomson Reuters. Click to enlarge. Source: Thomson Reuters. Click to enlarge.