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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. 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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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 UK automotive industry warned that the current anti-diesel agenda combined with the ongoing slow take-up of electric vehicles could mean industry misses its next round of CO 2 targets in 2021, with negative consequences for the UK’s own climate change goals. less CO 2 than those they replaced. of the UK’s 2.5

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Consumer Reports calls for major safety improvements across auto industry after NTSB findings in Tesla investigation

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CR’s call comes as the NTSB released a preliminary report on the fatal March 2018 crash of a Tesla vehicle with Autopilot engaged. It’s time for NHTSA to go beyond mere words and take some real, forceful action to keep people safe. —Ethan Douglas, senior policy analyst for cars and product safety at Consumer Reports. Earlier post.)

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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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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.

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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.