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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

And the automobile industry in India is a significant contributor to the country’s economy. Some companies are also implementing in-house training workshops which facilitate employees to remain abreast with recent technological developments and trends in their respective industries. percent against the global average of 2.9

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Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association ( ACMA ) said.

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DOT awards U-M-led hub $15M for connected and automated transportation

Green Car Congress

The US Department of Transportation has awarded a $15-million grant to renew the Center for Connected and Automated Transportation (CCAT), based in Ann Arbor and led by the University of Michigan. Platooning connected and automated freight trucks to reduce traffic delays and wear and tear on roads.

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

Baua Electric

Year 2024 promises to be an exciting one for the automotive industry as it moves into new territories of innovation and changing customer demands. So, while the Covid-19 lockdowns severely affected the entire automotive industry’s value chain, it also began to embrace a fresh perspective amidst the global crisis. lakh crore (USD 69.7

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NHTSA Tells Auto Industry Not to Comply With Massachusetts Data Laws

The Truth About Cars

It’s no secret that various industries attempting to hoard customer data and redefine what constitutes ownership have created a groundswell of consumer resentment. However, the above is really more of a problem with vehicular connectivity in general than anything else.

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Next phase of THEA’s connected vehicle pilot brings together auto manufacturers and road operators

Green Car Congress

Since September 2015, the Tampa Hillsborough Expressway Authority (THEA) has been working with the United States Department of Transportation (USDOT) as a Connected Vehicle Pilot site. The next step in the Connected Vehicle space is to begin working with the auto industry manufacturers.

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