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Upstream Security: cyber hacks could cost auto industry $24 billion within 5 years

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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.

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

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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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UK auto industry warns anti-diesel agenda and slow uptake of EVs could mean missing 2021 CO2 targets; rising CO2 average in 2017

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The SMMT New Car CO 2 Report 2018: Driving the transition to a low carbon future showed that carbon tailpipe emissions rose last year for the first time in two decades by 0.8% This increase came despite cars being ever more efficient, with new and updated models in 2017 emitting, on average, -12.6% less CO 2 than those they replaced.

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Aston Martin and LeEco partner to co-develop RapidE EV for market intro in 2018; potential to add Faraday Future

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Both companies are now focused on bringing the RapidE to market in 2018 utilizing the best technologies from the companies’ portfolios. We have been targeting the highest standard in the auto industry in terms of design, R&D and manufacturing of our electric cars.

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

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million (2.2%) since 2018. 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%. From 2018-2019, the average age of passenger cars increased 2.2%

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Didi Chuxing sets up JV with China EV maker BAIC-BJEV; next-gen connected car systems; Transportation Brain

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Jingju is a key component of a DiDi-BAIC strategic partnership formed in a growing alliance between DiDi and auto-industry players. DiDi started partnership programs with automakers and fleet operators in 2016, and launched the DiDi Auto Alliance, an industry-chain partnership network in April 2018.

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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

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The US market has remained steadily behind with fewer than 360,000 EV sales annually from 2018 through 2020, whereas Europe saw explosive growth from 390,000 to more than 1.3 Great promotional events and bold aspirational statements by the domestic auto industry can’t mask the facts. million over the same period.

Global 397