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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. With every new service or connected entity, a new attack vector is born.

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DOT awards U-M-led hub $15M for connected and automated transportation

Green Car Congress

The US Department of Transportation has awarded a $15-million grant to renew the Center for Connected and Automated Transportation (CCAT), based in Ann Arbor and led by the University of Michigan. Platooning connected and automated freight trucks to reduce traffic delays and wear and tear on roads.

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Fast evolving auto industry needs befitting HR solutions | Autocar Professional

Baua Electric

The automobile industry has always been experiencing disruptions and now experiencing substantial technological disruptions, such as the transition towards electric and autonomous cars, connected car technology, and mobility-as-a-service (MaaS) solutions. These developments are causing several challenges for the sector.

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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. These components account for more than 75% of auto parts imported into the country. To be sure, China dominates auto parts supplies to India.

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Next phase of THEA’s connected vehicle pilot brings together auto manufacturers and road operators

Green Car Congress

Since September 2015, the Tampa Hillsborough Expressway Authority (THEA) has been working with the United States Department of Transportation (USDOT) as a Connected Vehicle Pilot site. The next step in the Connected Vehicle space is to begin working with the auto industry manufacturers.

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

Baua Electric

Likewise, the auto components industry also touched a new high. According to data shared by Automotive Component Manufacturers Association (ACMA), in FY23, the industry grew 32.8 With organisations putting innovation in the fast lane, significant transformations can be expected in the industry. lakh crore (USD 69.7

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NHTSA Tells Auto Industry Not to Comply With Massachusetts Data Laws

The Truth About Cars

However, the above is really more of a problem with vehicular connectivity in general than anything else. The NHTSA seems to be doing little more than protecting the massive companies that have the most to gain by furthering the connectivity agenda.