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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. 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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GM gives app developers industry-first in-vehicle testing

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General Motors has launched GM Dev Client, an industry-first app that gives approved developers who have created in-vehicle applications the ability to test them in a real GM vehicle. —Kent Helfrich, executive director of Connected Ecosystem Integration, GM.

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DiDi partners with SoftBank in Japan for platform services for taxi industry, launches open new energy car-sharing platform

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have established a partnership to provide platform services for the taxi industry. With 2 million taxi drivers connected to the app, DiDi is now the world’s leading online platform for taxi-hailing. In 2017, taxi drivers completed 1.1 Didi Chuxing, the world’s leading mobile transportation platform, and SoftBank Corp.

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ABI Research: 60% of new cars shipping globally in 2017 will feature connected car solutions

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Global OEM connected car system penetration is expected to increase from 11.4% in 2017, according to ABI Research. However, the two main issues the automotive industry continues to face are cost and lack of awareness. in 2012 to 60.1% Main reasons for not using telematics services. Click to enlarge.

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Daimler and Baidu to enhance strategic cooperation in automated driving and vehicle connectivity

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With collaboration between German and Chinese companies accelerating in the areas of automated driving and intelligent connected vehicles, Daimler and Baidu recently signed a Memorandum of Understanding (MoU) to enhance their Sino-German cooperation in these strategic fields. —Robin Li, Chairman and CEO, Baidu.

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NEVS’ Tianjin JV partners with Microsoft on car connectivity

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The partnership will aim to enhance the in-car experience of NEVS products and service with Microsoft’s forefront technology in connectivity and will lay a solid foundation for NEVS’ future improvements on the offers. Tianjin Bin Hai Hi-tech Industrial Development Area (THT) and State Research Information Technology Co.,

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HERE unveils next-generation open platform real-time data services for automotive industry

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The HERE Open Location Platform will harness real-time data generated by the on-board sensors of connected vehicles—even from competing car brands—to create a live depiction of the road environment. HERE believes that industry collaboration is essential to address the major challenges faced by road users everywhere.