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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 risk is immense. Just one cyber-hack can cost an automaker $1.1
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. Information technology has been a key component of the automobile industry for some time.
Percentage of Global R&D Spending by Industry, 2013. 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. Click to enlarge. —Center for Automotive Research. Click to enlarge.
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.
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.
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.
Fields said that Ford’s investments in products, people, plants and technology, combined with industry growth, are not only delivering a year of growth in terms of revenue, pricing power, operating margins and profitability in 2014, but are setting the stage for growth in and beyond 2015. That’s a tremendous amount of growth. Earlier post.).
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.
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.).
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.
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.
In addition to space travel, Amazon founder Jeff Bezos has his eye on the autoindustry. Hes reportedly backing Slate Auto , an EV startup focused on building a compact electric truck for around $25,000. Details are scarce, but Newsweek connected with the company on a short teaser video posted to X.
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.
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
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 ).
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.
Industry officials expect that this $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and autoindustries. Outfitting of a high-volume manufacturing facility to build DC Bus Capacitors for the electric drive vehicle industry.
The Tesla Cybertruck has earned a “Best Tech” award from one automotive publication, along with a major shout-out to one particular chassis feature that the company employed in a complete shift away from industry norms. “That change unlocks real, tangible benefits.
It’s no secret that various industries attempting to hoard customer data and redefine what constitutes ownership have created a groundswell of consumer resentment. However, the above is really more of a problem with vehicular connectivity in general than anything else.
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.,
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.
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. Sea Machines: Building autonomous control and navigation systems for the maritime industry.
Solstice yf was developed to meet the needs of the automotive industry to replace R-134a, the most widely used auto refrigerant. R-134a is a hydrofluorocarbon (HFC), which many governments and industries have been looking at phasing out since the early 2000s. Solstice yf has a GWP of less than 1—lower than CO 2 and 99.9%
develop the Volkswagen Automotive Cloud, one of the largest dedicated automotive industry clouds for all future Volkswagen digital services and mobility offerings. Digital technology is rapidly changing every aspect of the autoindustry—from the manufacturing process to the car itself. Earlier post.). model family.
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.
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.
GlobalFoundries (GF), a global leader in feature-rich semiconductor manufacturing, and Ford Motor Company announced a strategic collaboration to advance semiconductor manufacturing and technology development within the United States, aiming to boost chip supplies for Ford and the US automotive industry. billion units expected by 2024.
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.
Alix Partners reached out to 3,200 executives 1,000 of which were based in North America and 320 of which stemmed from the autoindustry to create the report. For the automotive industry, the report notes that many markets are in a period of high volatility.
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.
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.
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. —Hisanori Takashiba, Executive General Manager of Research & Development at Suzuki Motor Corporation.
Booking Holdings has invested US$500 million in DiDi, recognizing DiDi as a leader in the mobile transportation industry. New energy, ride-sharing and intelligent driving set the direction for the development of the automobile and mobility industries. —Jun Yang, Vice President of Didi Chuxing.
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.
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. UK Autodrive.
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.
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.
And the automobile industry in India is a significant contributor to the country’s economy. Some companies are also implementing in-house training workshops which facilitate employees to remain abreast with recent technological developments and trends in their respective industries. percent against the global average of 2.9
Conventional automobiles of today are partly electric in their own way, with most systems in the vehicle having electrical and electronic connections for better functionality. The automotive industry moved from a 6V supply to a 12V supply more than 30 years ago—and incurred massive investments across the entire ecosystem.
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.
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.).
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