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

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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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12th Five-Year Plan for Chinas auto industry to make new-energy vehicles priority

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The 12 th Five-year Plan for China’s auto industry reportedly will make developing new-energy vehicles the top priority. The first draft of the 12 th Five-year Plan for China's automobile industry has already been formulated and the formal plan is scheduled to be released at the end of 2010. People’s Daily.

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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. social impacts of restructuring. of around 16% of GDP to as much as 20% by 2020.

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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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Established automotive industry companies—not Silicon Valley—are leading the development of autonomous driving technology, according to a new report from the Intellectual Property and Science business of Thomson Reuters. Toyota and Hyundai take the second and third places.

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

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The growing share of alternative drive trains in the automotive industry offers opportunities for jobs in the automotive sector, according to the “ ELAB ” study, the first broad-based, practice-oriented analysis of the effects of technological change on employment in the automotive industry.

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SEAT reduces waste by 34% since 2010, expects to achieve 60% reduction by 2025

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Since 2010, SEAT, a member of the Volkswagen Group, has improved its production-related environmental footprint by 34% on average with measures to emit less CO 2 and fewer volatile organic compounds, generate less waste and consume less water and energy. and 30.9%, respectively. and generated 34.2% less waste.

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