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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.

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ABB and HASCO create joint venture to drive smart manufacturing in China’s auto industry

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Partnership builds on existing relationship to deliver increased automation and sustainability for auto parts production New joint venture agreement signed by both parties on December 30th 2021 and expected to commence operation in Q2, 2022. 04/01/2022 Images are for editorial use only.

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Capgemini and Audi launch XL2 joint venture to support digital transformation of auto industry

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XL2 was founded by Audi and Capgemini to support the automotive industry in digital transformation tasks. Capgemini and Audi have launched a joint venture: XL2. Following regulatory approvals, the company was founded at the end of April.

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

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In light of new findings by the National Transportation Safety Board (NTSB) related to investigation of a fatal Tesla crash in 2018 related to Tesla Autopilot, Consumer Reports called for manufacturers to include key safety features in any vehicle that has an active driving assistance system and for the National Highway Traffic Safety Administration (..)

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GlobalFoundries, Ford partner to address auto chip supply and meet growing demand

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The partners said the announcement is consistent with both companies’ commitment to build innovative business relationships to regain supply-demand balance for chips in the auto industry as well as efforts to further accelerate technology innovation for the US auto industry.

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Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

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The auto industry has seen this need to improve familiarity in the past, with some advanced driver assist features such as ACC and even autonomous driving. In the US, knowing a fair amount about BEVs more than doubles consideration for them. Increasing future sales for BEVs will rely on companies improving awareness of their product.

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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. Cost to manufacture is one of the main considerations. Other factors used to determine the best material for manufacturing parts for vehicles include: Part performance.