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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. 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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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.

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GlobalData: Coronavirus leads to nosedive in global vehicle sales with lowest January registrations since 2012

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While the drop in January vehicle sales on a global scale is alarming, sinking 13.9% Adding insult to injury is the fact that January 2019’s figure was already 8% down on the same month in 2018, following a decade-long period of strong increases. Global vehicle sales SAAR stood at 88.5 compared with January 2019 to just 1.66

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Geely officially discloses new global B-segment automobile modular architecture: BMA; new BMA-based SUV to launch this year

Green Car Congress

Automobile modular architectures—for example, TNGA of Toyota, and MQB, MLB and MEB of the Volkswagen Group—hav become a major trend in the auto industry. A new SUV codenamed Geely SX11, which is based on the BMA platform, will be launched in the second half of 2018.

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Sandy Munro spits facts about Tesla, the Detroit 3 & the trajectory of the US vehicle industry

Teslarati

In his latest video, Munro doesn’t hold back and spits out truths about the US government’s approach towards improving the local auto industry and its chosen champions in the fight to dominate the global car market. He shared that 212,500 vehicles fires were responsible for 560 civilian deaths in 2018.

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Volkswagen Group launching major electro-mobility campaign in China; $25B on new vehicles, technologies and plants up to 2018

Green Car Congress

billion) up to 2018. Winterkorn also said that China is the Volkswagen Group''s largest single market and plays a key role in the Group’s Strategy 2018. China will be an integral part of the Group’s “Future Tracks” initiative, which addresses the nascent digitalization era in the auto industry. billion (US$25.1

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Hillcrest Energy and Hercules Electric partner on electric powertrains

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was founded in 2018 by James Breyer, an auto-industry veteran who worked in advanced engineering on multiple electric vehicle projects with global automakers. This shared modular, customizable design provides the flexibility to meet customer needs quickly and to adapt to the most up-to-date technologies.

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