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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.

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

Baua Electric

The aftermarket industry, valued at Rs 85,333 crore, also experienced a steady growth of 15 percent. Sales of components to OEMs in the domestic market rose a healthy 39.5 Localisation in a higher gear As per a SIAM, ACMA and EY localisation study, the total import for the automotive industry as a whole accounted for about Rs 1.13

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Is Market Share The Right Metric To Evaluate Electric Cars & Tesla’s Future?

CleanTechnica EVs

In the US, Tesla’s share of the EV market looks like Bob Marley’s share of the Reggae market. According to auto industry analyst IHS Markit, 79% of the EVs sold in the […]. By Charles Morris “Americans aren’t buying electric vehicles, they’re buying Teslas,” reads a recent CNBC headline, and it’s a fair assessment.

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China to Encourage Consolidation in Auto Industry; Push to Increase Market Share of Domestic Automakers

Green Car Congress

China’s central government plans to implement a new policy in the first half of this year to encourage auto industry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference. China Daily. of the total.

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Survey: Dealers think Biden is moving too fast on EVs

Green Car Reports

Dealers think the Biden administration's EV policies are forcing the auto industry to move ahead of market demand, according to a new Automotive News survey. The publication's 2024 Dealer Outlook Survey compiled responses from 208 U.S. car dealers and dealership managers.

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EV prices soar, as one exec warns of market "collapse" if they don't get cheaper

Green Car Reports

EV prices are soaring at a non-sustainable rate, one auto-industry executive warns. As noted by Autoblog, several automakers have raised prices on their electric models in recent months. Tesla has raised prices multiple times this year, and the GMC Hummer EV got a $6,250 price bump last week.

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Capgemini and Audi launch XL2 joint venture to support digital transformation of auto industry

Green Car Congress

XL2 was founded by Audi and Capgemini to support the automotive industry in digital transformation tasks. Capgemini and Audi have launched a joint venture: XL2. Following regulatory approvals, the company was founded at the end of April.

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