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

Green Car Congress

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. With every new service or connected entity, a new attack vector is born. The risk is immense. Just one cyber-hack can cost an automaker $1.1

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Fast evolving auto industry needs befitting HR solutions | Autocar Professional

Baua Electric

The automobile industry has always been experiencing disruptions and now experiencing substantial technological disruptions, such as the transition towards electric and autonomous cars, connected car technology, and mobility-as-a-service (MaaS) solutions. These developments are causing several challenges for the sector.

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2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

Likewise, the auto components industry also touched a new high. According to data shared by Automotive Component Manufacturers Association (ACMA), in FY23, the industry grew 32.8 With organisations putting innovation in the fast lane, significant transformations can be expected in the industry. lakh crore (USD 69.7

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JSW Group wants to disrupt auto industry, to create ‘Maruti movement’ with new energy vehicles – Sajjan Jindal | Autocar Professional

Baua Electric

Like 40 years ago, 1984, when Maruti came into India, it changed the auto industry. It brought in very efficient cars, very lightweight cars, and the Ambassadors and the Fiats went into oblivion and Maruti brought in state-of-the-art new cars and today they are the 50% market leader. They control market share.

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Didi Chuxing sets up JV with China EV maker BAIC-BJEV; next-gen connected car systems; Transportation Brain

Green Car Congress

BAIC-Xiaoju New Energy Auto Technology Co. Ltd (JingJu) aims to combine the two companies’ strengths in new energy fleet operation and AI transportation solutions to develop next-generation connected-car systems. BAIC has announced plans to stop the manufacturing and sale of gas-driven car models by 2025.

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NHTSA Tells Auto Industry Not to Comply With Massachusetts Data Laws

The Truth About Cars

It passed, approved by nearly 75 percent of voters , and requires manufacturers operating within the state to equip modern cars with a standardized open access data platform that allows third parties to access telematics data. However, the above is really more of a problem with vehicular connectivity in general than anything else.

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Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

Renault CEO Luca de Meo released a 19-page open letter to Europe describing an auto European plan to protect against the ‘onslaught of electric vehicles (EV)’ coming from China.” He pointed out that electric vehicles and plug-in hybrids account for 14% of global car sales, led by Asian automakers. Buoyed by its huge domestic market (8.5

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