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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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Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

Green Car Congress

Ipsos’ new 2020 Global Mobility Navigator Study, focusing on Electrification, found global interest remained on par with the numbers from 2019. The auto industry has seen this need to improve familiarity in the past, with some advanced driver assist features such as ACC and even autonomous driving. Source: Ipsos.

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CAR: US light-duty vehicle sales to dip in 2019

Green Car Congress

million units for 2019. US Light Vehicle Sales, 2015-2018, and CAR’s Forecast, 2019-2025. The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 CAR’s forecast includes a continuation of sales declines in 2020 and 2021 down to 16.5 million units in 2021.

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IHS Markit: average age of cars and light trucks in US rises again in 2019 to 11.8 years

Green Car Congress

—Mark Seng, director, global automotive aftermarket practice at IHS Markit. This represents one of the highest annual increases the US auto industry has seen since IHS Markit began tracking VIO growth—second only to the 2.3% from 2018-2019 while in the Midwest they aged by just 0.4%. million (2.2%) since 2018.

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2019 Mazda 3 to feature world-first HCCI engine for efficiency: report

Green Car Reports

It's a technology that's been a sort of Holy Grail in the auto industry for at least a couple of decades. Now Mazda, one of the smallest global automakers, plans to introduce it in a radical new engine to be used in a future Mazda vehicle in 2019.

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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 during the global recession in 2008/2009. million units.

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CRU: Chinese EV sales hit hard by COVID-19 outbreak, but only for short-term

Green Car Congress

The COVID-19 has hit the Chinese EV sector hard; CRU, a provider of business intelligence on the global metals, mining and fertilizer industries, believes that weak sales will last at least until early Q2 2020. Nonetheless, it continues to forecast Chinese EV sales growth in 2020 over 2019’s total.

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