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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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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. On the game plan ahead, Jindal said JSW Group is here to disrupt the Indian automotive industry, “JSW is a relatively aggressive group which believes in scale and we plan to create disruption. And then COVID hit and plans changed.

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U-Michigan, China enter two new automated and connected vehicle partnerships

Green Car Congress

The University of Michigan is entering two separate agreements with Chinese institutions targeting automated and connected vehicles. First, a $27-million research agreement with Shenzhen-based investment firm Frontt Capital Management will advance autonomous, connected vehicles and robotic technologies. Second, a $2.5-million

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

Teslarati

As a logical consequence of this trend, European imports from China have increased fivefold since 2017…The brands with the highest exports in the first half of 2023 were MG and BYD. Stellantis is another automaker seeking to strengthen its ties with China’s auto industry. Buoyed by its huge domestic market (8.5

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Center for Automotive Research calls long-run economic risk to auto industry of mandating permanent fuel economy standards very serious; recommends periodic reviews

Green Car Congress

Based on the results of the study, CAR believes the economic risk to the auto industry connected to mandating permanent fuel economy standards in the long run is “ very serious ” The group recommends periodic review to assess the rate of technology development and cost reduction of advanced technologies leading up to 2025.

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Toyota AI Ventures launches new $100M fund; early-stage startups in autonomous mobility and robotics

Green Car Congress

Led by founding Managing Director Jim Adler, who also serves as executive advisor at the Toyota Research Institute (TRI), Toyota AI Ventures was founded in July 2017 as a subsidiary of TRI. Sea Machines: Building autonomous control and navigation systems for the maritime industry.

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KPMG Survey: execs say connected car generates 10x revenue than a conventional vehicle; market share based on units “outdated”; BEVs #1 trend

Green Car Congress

Advancements such as connectivity, big data, autonomous vehicles and artificial intelligence are driving new economic models for automakers, and most see tremendous revenue potential and consumer value in leveraging driver and vehicle data to offer mobility services, according to the 2017 KPMG Global Automotive Executive Study.

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