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Cyber hacks might cost the autoindustry roughly $24 billion within five years, according to a new study by Upstream Security , which specializes in cloud-based security protection. Issues range from safety critical vehicle systems, to data center hacks on back-end servers, to identity theft in car sharing, and even privacy issues.
China has made progress with automotive energy-saving technologies over the past 10 years through implementing passenger car fuel consumption limits and the use of fiscal policy to encourage the purchase of small cars, the government statement noted. 2012 Chinese AutoIndustry Development Report. L/100km (52.3
However, they noted, there are also many challenges associated with the use of biobased parts in the autoindustry. Cost to manufacture is one of the main considerations. Other factors used to determine the best material for manufacturing parts for vehicles include: Part performance.
Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. —“CARS 2020”. The car sector will also face a similar trend.
Ford will have nine electric cars and vans on the market in Europe in 2024. The joint venture would be located near Ankara and will manufacture high Nickel NMC cells for assembly into battery array modules. Boosting EV manufacturing capacity in Craiova.
Since the complex development and production of electric cars is currently still characterized by market uncertainties, business and economic risks for manufacturers and suppliers also must be taken into consideration. Employee qualification requirements will change accordingly. —Prof.
A newly-released report by the Center for Automotive Research (CAR) concludes that the automotive industry is not only “high-tech,” it is frequently a leader in technological developments and applications. Additionally, the autoindustry provides 16% of total worldwide R&D funding for all industries.
Dieter Kempf, President of BITKOM, the IT industry Association, Winterkorn declared that the increasingly intensive networking of cars with their surroundings and automatic driving would be the key topics for the intelligent mobility of the future. Their wishes concerning their own cars are changing faster and faster.
To develop the questions, they worked in close collaboration with leaders in the autoindustry. Major automakers are going all-in on electric vehicles this year, with many announcing plans to phase out internal-combustion engine cars in the coming years.
Volvo Cars reported sales of 42,067 cars in February, a decline by 17.2% Sales of Volvo Cars’ Recharge models made up for 33.0% of all Volvo cars sold globally during the month. Sales of fully electric cars increased by 229.5% In the first two months of the year, Volvo Cars sold 89,628 cars, a decline by 18.8%
Former General Motors (GM) executive Terry Woychowski, who is now President of engineering consultancy Caresoft Global, called the arrival of the Seagull a “clarion call for the rest of the autoindustry,” adding that it’s a “significant event” (via CNBC ). auto sector,” the organization writes.
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. of the overall new car market in 2017. of the UK’s 2.5
Divergent 3D, a manufacturing technology company focused on the automotive sector, has entered into a global development partnership with engineering research and development (ER&D) firm Altran. Divergent 3D is commercializing a software-hardware platform for manufacturing that leverages 3D metal printing.
Several years ago, the German government expressed its concerns about exporting German car-building jobs to China and the attendant political and economic upheaval that would entail.
Britain’s ability to compete as an electric vehicle production leader is at risk unless government responds urgently to increasingly fierce international competition, the Society of Motor Manufacturers and Traders (SMMT) warns in a new blueprint published today.
Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. Its ambition to surpass Tesla is no secret, says GlobalData, and the company wants four out of every 10 cars it sells to be a BEV by 2030.
Toyota will stage the world debut of the FT-Bh concept, an ultra-lightweight, full hybrid city car study, designed to achieve low emissions within an economically viable production framework, at the Geneva Motor Show.
Volvo Cars has acquired a stake in mobile EV rapid charging company FreeWire Technologies ( earlier post ) via the Volvo Cars Tech Fund. FreeWire is a San Francisco-based company that has been a pioneer in flexible fast-charging technology for electric cars. —Zaki Fasihuddin, CEO of the Volvo Cars Tech Fund.
Volvo Cars has made investments in two Israeli technology start-ups through the Volvo Cars Tech Fund, the company’s venture capital investment arm. Both UVeye and MDGo have their headquarters in Tel Aviv, where Volvo Cars has been involved with DRIVE, an accelerator for young companies in the mobility sector, since 2017.
Ltd (JingJu) aims to combine the two companies’ strengths in new energy fleet operation and AI transportation solutions to develop next-generation connected-car systems. Jingju is a key component of a DiDi-BAIC strategic partnership formed in a growing alliance between DiDi and auto-industry players.
Our Modular Transverse Toolkit already proved Volkswagen is one of the most successful platform developers in the autoindustry. By the end of 2022, four Group brands will be ramping up 27 MEB models worldwide, ranging from compact cars to the lifestyle Bulli. That is something quite unique. The company is investing €1.3
At the Frankfurt Motor Show, the European Automobile Manufacturers’ Association (ACEA) outlined the industry’s proposal for a pathway to future CO 2 reductions: a 20% CO 2 reduction for passenger cars by 2030, compared to 2021. The European Commission will reveal its proposal on CO 2 targets for cars post-2021 later this year.
Following this payment, Tesla will be the only American car company to have fully repaid the government. Tesla brought its Roadster sports car to market with a 30% gross margin, designed electric powertrains for Daimler (Mercedes) and had done preliminary design of the Model S all before receiving a government loan.
By Johnna Crider and Zachary Shahan In an interview at the Reuters Next conference, Stellantis CEO Carlos Tavares said that the costs of speeding up the transition to EVs are “beyond the limits” of what the autoindustry can sustain.
(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's autoindustry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market.
Volvo Cars announced its ambition that from 2025, at least 25% of the plastics used in every newly launched Volvo car will be made from recycled material. On the floor, the carpet contains fibres made from PET plastic bottles and a recycled cotton mix from clothing manufacturers’ offcuts.
Terrafugia aims to deliver its first flying car to the market in 2019, with the world’s first VTOL (vertical take-off and landing) flying car being made available by 2023. Terrafugia will also benefit from the Geely Group’s significant expertise and track record of innovation within the global autoindustry.
Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. is a state-owned automobile manufacturer headquartered in Wuhan, Hubei. The post Stellantis strengthens ties with China’s autoindustry appeared first on TESLARATI.
Ford and the University of Michigan opened a new $8-million battery lab, housed at the U-M Energy Institute, which will serve as a battery manufacturing facility designed to support pilot projects. This is sorely needed, and no one else in the autoindustry has anything like it. —Ted Miller.
Independent research into electric vehicle (EV) development has found that most automotive companies are more focused on improving electric car range and reducing costs than improving the vehicles’ carbon footprint, despite mounting scrutiny of their hidden environmental impacts. 58% are increasing investment in improving EV performance.
million units manufactured in 2022. Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric autoindustry to come with it. Tesla grew about 142 percent and has a strong manufacturing presence in the country, so it’s the best-equipped American entity to take on the Chinese.
A new analysis by the NGO Transport & Environment (T&E) concludes that diesel cars emit more CO 2 than equivalent cars on a full lifecycle basis—i.e., According to the T&E analysis, an average diesel car produces emits 3.65 Extra manufacturing emissions are taken to be 5% of the average 5 tonnes of CO 2.
Hyundai Group joined its partner Rimac Automobili in an event hosted by Rimac CEO Mate Rimac and attended by Croatian Prime Minister, ministers, and senior government officials to discuss the potential of the new autoindustry in Croatia. Earlier post.) Today, countries are competing in the open market, just as companies are.
The US Environmental Protection Agency (EPA) Administrator Scott Pruitt announced the completion of the Midterm Evaluation (MTE) process for the greenhouse gas (GHG) emissions standards for cars and light trucks for model years 2022-2025, and his final determination that the current standards are not appropriate and should be revised.
EASYBAT is the first project for switchable battery electric cars approved by the Commission. The project calls for the “EASYBAT” Consortium to develop off-the-shelf automotive grade components and interfaces that enable the autoindustry to easily integrate battery switching technology into their electric car platforms.
Volvo Cars reported sales of 58,677 cars worldwide in March, a decline by 22.1% During the first quarter, the number of cars sold increased gradually to a total of 148,295 cars as the supply chain constraints affecting Volvo Cars and the autoindustry continued to slowly ease. to 12,378 cars in March.
The added cost of manufacturing electric cars is "beyond the limits" for what the autoindustry can sustain, Stellantis CEO Carlos Tavares said in an interview with Reuters published Wednesday.
Munster predicted the stripped-down Model 3 would be Tesla’s $25,000 car. Tesla Robotaxi Network expected to scale before competitors However, in the Q3 2024 earnings call, Musk reiterated Tesla’s belief that the autoindustry’s future is autonomous vehicles. It will cost roughly $25K, so it is a $25,000 car.
Honeywell has started commercial operations at its new manufacturing plant in Geismar, La., Honeywell has created a central hub in Louisiana to manufacture its full portfolio of next-generation Solstice products, which includes Solstice yf. Today, more than 20 million cars on the road safely use Solstice yf. Earlier post.).
According to China Passenger Car Association (CPCA), BYD Han ranked second among the sales rankings of mid-to-large size sedans, with sales of 10,248 units in September. The first ten months of the year saw drops in different levels of sales in the auto market, owing to chip shortages across the autoindustry.
Elantra is Hyundai’s first model, and one of only 10 cars in the history of the autoindustry to reach 10 million sales. In the US market, Elantra won the prestigious North American Car of the Year award in 2012 and is built at Hyundai Motor Manufacturing Alabama in Montgomery, Ala.
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.
The meeting, convened by DOE’s Vehicle Technologies Office (VTO) and the National Aeronautics and Space Administration (NASA) Glenn Research Center, drew nearly 100 experts from aircraft companies, component makers, battery companies, materials companies, car companies and academic and national lab researchers.
In the case of Massachusetts, the 2020 measure sought to allow independent repair shops to access diagnostic data modern vehicles automatically send directly to dealerships and manufacturers. The agency has said that the "NHTSA expects vehicle manufacturers to fully comply with their Federal safety obligations.”
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