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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. billion, while we are seeing that the cost for the industry as a whole could reach $24 billion by 2023. The risk is immense.

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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50

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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 However, passenger vehicle exports bucked the trend and registered growth, largely due to higher demand for sports utility vehicles.

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

Green Car Congress

A study by researchers at Iowa State University has determined that the automotive industry has a very large potential to utilize biobased materials. However, they noted, there are also many challenges associated with the use of biobased parts in the auto industry. Cost to manufacture is one of the main considerations.

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Study: tightening vehicle emissions standards resulted in higher rates of automaker non-compliance; unintended effects of threshold-based regulations

Green Car Congress

A new study focused on the auto industry finds that tightening emissions standards not only fails to curtail on-road emissions, but actually increases the likelihood of non-compliance by automakers. This phenomenon isn’t limited to the auto industry. —Hu et al. You have to hit the score to make it.

Standards 186
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German ELAB study finds growth of alternative drivetrains to increase employment opportunities in auto industry

Green Car Congress

Comparison of the personnel requirements under four scenarios in the ELAB study for an idealized production of 1 million powertrains. The study’s key findings were presented and explained in Stuttgart by all parties involved in the project. In doing so, the study takes into account the uncertainty of the future development.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

In sync with its past annual auto studies, AlixPartners continues to predict that US auto sales will climb more slowly, and to a lower peak, than many others are predicting. Specifically, the firm estimates US auto sales will reach just 12.7 billion in 2010 profit on a net margin of 4.6% billion on a net margin of 4.3%—things