article thumbnail

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.

article thumbnail

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.

Connect 259
article thumbnail

SiriusXM buying connected vehicle unit of Agero for $530M

Green Car Congress

Sirius XM Radio has entered into a definitive agreement to acquire the connected vehicle services business of Agero, Inc. The acquisition of Agero’s connected vehicle business is a natural fit for Sirius XM. Morgan Stanley acted as financial advisor to SiriusXM in connection with this transaction. for $530 million in cash.

Connect 186
article thumbnail

Ford CEO: Ford to focus on 5 key areas of innovation: mobility, autonomy, connectivity, customer experience and performance

Green Car Congress

In moving forward on that, Fields said, Ford will focus on five key areas of innovation: mobility, autonomy, connectivity, customer experience and performance. Our vision for connectivity, it’s all about helping people stay connected. Our vision for connectivity, it’s all about helping people stay connected.

Ford 268
article thumbnail

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

Green Car Congress

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.

article thumbnail

Volkswagen Group’s new Future Tracks program targeting digitalization era in auto industry; “James 2025”

Green Car Congress

At CeBIT, Volkswagen Group IT is presenting the key topics Connected Car and Electro-Mobility in Hall 2. Autonomous driving Connected vehicles Controls and controllers Driver Assistance Systems Electric (Battery) Intelligent Transportation Systems (ITS) V2X Vehicle Manufacturers'

article thumbnail

New DOT research shows drivers support connected vehicle technology, appreciate potential safety benefits

Green Car Congress

Connected vehicle technology offers tremendous promise—for improving safety, reducing traffic jams and increasing fuel efficiency. The driver clinics, the first phase of the Connected Vehicle Safety Pilot Program, were completed this past year to gather information on how drivers would interact with the technology. Earlier post.).

Connect 210