Remove Auto Industry Remove Connected Remove Global Remove Manufacturer
article thumbnail

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. Just one cyber-hack can cost an automaker $1.1

article thumbnail

Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association ( ACMA ) said.

article thumbnail

2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

So, while the Covid-19 lockdowns severely affected the entire automotive industry’s value chain, it also began to embrace a fresh perspective amidst the global crisis. Likewise, the auto components industry also touched a new high. percent to clock a turnover Rs 5.60 lakh crore (USD 69.7 Exports increased by 5.2

article thumbnail

GM and GlobalFoundries in long-term direct supply agreement for US production of semiconductor chips

Green Car Congress

Through this first-of-its-kind agreement, GF will manufacture for GM’s key chip suppliers at GF’s advanced semiconductor facility in upstate New York bringing a critical process to the US. This agreement supports GM’s strategy to reduce the number of unique chips needed to power increasingly complex and tech-laden vehicles.

GM 170
article thumbnail

Nissan announces new strategy for customer ownership experience; leveraging connected car, big data, and personalization

Green Car Congress

The company anticipates that, as a result, connected car services and greater choice in accessories and personalization will increasingly drive growth in its aftersales business, anticipated to contribute 25% of aftersales revenue by 2022. —Kent O’Hara.

Personal 150
article thumbnail

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. We believe in scale, we are going to churn the industry, we will create disruption. And this opportunity of MG, came along,” Jindal elaborated on his journey of moving into the automotive industry.

article thumbnail

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

Michigan 150