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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. With every new service or connected entity, a new attack vector is born.
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.
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.
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.
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.
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'
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.).
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 autoindustry manufacturers.
With a unique combination of networking and auto expertise, the two companies agreed they could work at a faster pace together to disrupt the autoindustry. The companies said they would create a flexible and more secure platform that would offer a path to innovate and build on smart-vehicle solutions.
Based on the results of the study, CAR believes the economic risk to the autoindustryconnected to mandating permanent fuel economy standards in the long run is “ very serious ” The group recommends periodic review to assess the rate of technology development and cost reduction of advanced technologies leading up to 2025.
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 University of Michigan is entering two separate agreements with Chinese institutions targeting automated and connected vehicles. First, a $27-million research agreement with Shenzhen-based investment firm Frontt Capital Management will advance autonomous, connected vehicles and robotic technologies. Second, a $2.5-million
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. Click to enlarge.
Those risks come from many EVs extreme levels of connectivity. Upstreams vice president of marketing, Shira Sarid-Hausirer, said, Its not necessarily the number of assets, its the connectivity and the fact that theyre all interconnected that increases the risk dramatically.
a leading provider of dynamic connected car services worldwide, and Parkmobile, the leading provider of on-demand and prepaid mobile payments for on- and off- street parking and mobility solutions, announced a strategic partnership at the annual International Parking Institute (IPI) conference. INRIX, Inc.,
Ford will offer a new generation of seven, all-electric, fully-connected passenger vehicles and vans in Europe by 2024. The announcement builds on the recent creation of the Ford Model e business unit focused on the design, production, and distribution of electric and connected vehicles ( earlier post ).
Advancements such as connectivity, big data, autonomous vehicles and artificial intelligence are driving new economic models for automakers, and most see tremendous revenue potential and consumer value in leveraging driver and vehicle data to offer mobility services, according to the 2017 KPMG Global Automotive Executive Study.
Unlike most vehicles, the Cybertruck features no physical connection or traditional steering column between the steering wheel and the front wheels, making turning and tight maneuvers more doable than in a traditional truck, let alone even smaller vehicles. “That change unlocks real, tangible benefits.
Audi, GM, Google, Honda, Hyundai and NVIDIA have formed the Open Automotive Alliance (OAA), a global alliance of technology and autoindustry leaders committed to bringing the Android platform to cars starting in 2014. OAA members share a vision for the connected car. The OAA approach offers openness, customization and scale.
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.
Among the coming developments, the Volkswagen Automotive Cloud will be extended step-by-step to further regions of the world and to be available in Europe, China and the USA—the core markets for the future full-electric, fully connected ID. Volkswagen and Microsoft are also working on first lighthouse projects for connected vehicles.
Installing traditional fixed fast-charging stations is usually a cost- and labor intensive process that requires electrical upgrades to support the connection between charging stations and the main electrical grid. Volvo Cars’ future is electric, as reflected by our industry-leading commitment to electrify our entire product range.
It focuses its investments on strategic technology trends transforming the autoindustry, such as artificial intelligence, electrification, autonomous driving and digital mobility services. Other investments include electric car charging firm Freewire and Forciot, which develops connected, printable and stretchable electronics.
Auto manufacturers must participate in the startup ecosystem to stay ahead of the rapid shift in the autoindustry,” said Jim Adler, managing director of Toyota AI Ventures. Fund II brings the firm’s total assets under management to more than $200 million to invest in and to support promising startups around the world.
It will serve as the showcase for some of the company’s own process and automation technologies, including Honeywell Connected Plant. Nearly every carmaker in the autoindustry plans to use the refrigerant in at least one of their US models to take advantage of its numerous environmental benefits.
California has shown time and time again that it is a global technological leader and today marks the beginning of a new era for the autoindustry. Driverless vehicle technology has the potential to revolutionize driving, reduce traffic accidents and save lives. In July, with Florida Gov.
The companies have signed a non-binding agreement that opens the door for GF to create further semiconductor supply for Ford’s current vehicle lineup and joint research and development to address the growing demand for feature-rich chips to support the automotive industry.
Our dealer-connectedautoindustry veteran of many years, Jo Borras, came across a big find this week. It’s a Cox. continued] The post Electric Vehicle Prices Get MUCH Closer To Conventional Vehicle Prices! appeared first on CleanTechnica.
The research brief draws on the authors’ research and experience in the engineering, social, and policy dimensions of automation and autonomy in extreme environments of the deep ocean and aerospace, as well as years of engagement with the autoindustry, transit, and automated vehicle systems.
The system deployed by the Mercedes AMG Petronas Formula One Team and Qualcomm Technologies comprises several Qualcomm Snapdragon 805 processors with Qualcomm VIVE 802.11ac Wi-Fi, along with multiple access points, one in the pit lane and one in the garage, to improve the speed of connectivity and data transfer.
FCA also said that the case for combination is strengthened by the need to take bold decisions to capture at scale the opportunities created by the transformation of the autoindustry in areas like connectivity, electrification and autonomous driving.
Chen, a seasoned, highly qualified 25-year autoindustry veteran, returns to Ford as president and CEO of Ford China, effective November 1. Ford says that creating a Ford China business unit will allow for greater focus on the market, faster decision making and increased Chinese leadership within the company.
Semiconductors are the foundation of the technologies that are powering the electrification, autonomous driving and connectivity of the autoindustry, and they have been center stage in the global chip shortage that has impacted automakers the last couple of years.
Adopting an open source approach to software development is a key part of our technology strategy and will help us to keep pace with the rapid advances happening across the autoindustry.
Hyundai Mobis’ investment project in Bryan County reflects an acceleration in the development of the EV supply chain in Georgia’s autoindustry. In addition to Hyundai’s direct contributions to the region, offsite suppliers connected to the project are predicted to invest approximately $1 billion in other locations around the state.
ElaadNL would handle management of infrastructures and the smart-charge standard, and LomboXnet would take charge of installing the network of unique public charging terminals powered by a 44 kW grid connection. The Renault ZOE R.Access connectivity and 22 kW charging make it suited for car-share and smart charging applications.
The new partners anticipate working together in developing and manufacturing RapidE, with potential for adding a range of next-generation connected electric vehicles on behalf of Aston Martin, LeEco and Faraday Future. LeEco’s SEE Plan is dedicated to build electric, smart, connected and socialized cars. Earlier post.). Earlier post.).
Ford also this year is contributing to the UK Autodrive initiative that is researching how driverless and connected cars can be integrated into everyday life. Without question, we are embarking on one of the most transformative eras in the history of the autoindustry—and in the history of Ford.
DiDi will bring to the partnership with Continental our data capabilities and transportation AI expertise, to advance technology innovations throughout the automotive industry chain, including hardware, software and services. —Jun Yang, Vice President of Didi Chuxing.
The Rivian user experience is built around personalization, seamless connectivity and a platform that will constantly evolve thanks to over-the-air updates. Subscription or membership fees for infotainment and other connectivity-based services could be $5,500 over 10 years per vehicle. Tesla offers diagnostic software subscriptions.
Predicting the future is always hazardous, but for the autoindustry, this is a particularly uncertain time. Four trends—electrification, connectivity, autonomy, and sharing—are coming together in a whirlwind that could rearrange the industry and its businesses within a decade or two.
Another significant aspect of this new solution is its ability to offer connection to the cloud as well as back-end enterprise systems like ERP and business intelligence.
Automakers are investing billions of dollars to put connectivity technologies in their cars and light trucks that are not being used by many of the owners of those vehicles, according to the J.D. In-vehicle connectivity technology that’s not used results in millions of dollars of lost value for both consumers and the manufacturers.
family in China as well, a brand-new generation of fully electric and connected vehicles. Fully intelligent and digitized, the Anting plant sets a new benchmark for green and smart factories for Volkswagen Group China and the Chinese autoindustry. Together with the start of MEB production, we will launch the Volkswagen ID.
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