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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.
2012 Chinese AutoIndustry Development Report. The fifth annual report on China’s autoindustry—2012 Chinese AutoIndustry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.
The Tesla Model 3 is Green Car Reports' Best Car To Buy 2019. ” But that was the Model S—the shock to an autoindustry that had dismissed its very premise. It’s the second time a Tesla product has won our annual award, which was captured by the Tesla Model S in 2013.
MRC) recently executed a share sales and purchase agreement by which it will acquire 51% of Wethje Holding GmbH , a German company engaged in manufacturing of carbon fiber reinforced plastics (CFRP) parts for automobile applications, from Wethje parent Cross Industries AG. Mitsubishi Rayon Co.
Partnership builds on existing relationship to deliver increased automation and sustainability for auto parts production New joint venture agreement signed by both parties on December 30th 2021 and expected to commence operation in Q2, 2022. 04/01/2022 Images are for editorial use only.
XL2 was founded by Audi and Capgemini to support the automotive industry in digital transformation tasks. Capgemini and Audi have launched a joint venture: XL2. Following regulatory approvals, the company was founded at the end of April.
However, at that time, the German autoindustry felt confident that it could continue to mainly produce and sell ICE (internal combustion engine) vehicles in Germany while at the […]
Dhaval Kikani reminisces on his 57-year career as an engineer in the autoindustry and the innovations that saw commercial success, and the experiments that did not.
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.
The autoindustry can become a lead market for low-carbon steel production in Europe if lawmakers set content requirements. Steel made with green hydrogen and electric arc furnaces, or produced from scrap, can reduce the CO2 emissions of producing cars in Europe by 6.9 Mt in 2030, new analysis shows.
The Honda CR-V Hybrid is a quiet giant in the grand shift that’s happening in the autoindustry. Yes, you might still be able to get non-hybrid versions of the Honda CR-V, or its rivals like the Toyota RAV4, Hyundai Tucson, or Ford Escape, but each year the portion of these that are selling as hybrids becomes a little larger.
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.
Toyota Financial Services (TFS) issued its first euro-denominated unsecured Green Bond today, expanding its commitment to the sale of environmentally friendly vehicles. TFS introduced the autoindustry’s first Asset-Backed Green Bond in 2014; this latest issuance is the fourth Green Bond the company has issued.
The autoindustry has seen this need to improve familiarity in the past, with some advanced driver assist features such as ACC and even autonomous driving. Drivers will not only have the functional benefit of going green, they will also have the emotional benefit of owning a great looking vehicle with advanced technology.
Tesla Giga Berlin received support from Green Party politicians over concerns about the automaker’s expected water consumption. On Monday, Green leader Anton Hofreiter visited Giga Berlin with the party’s General Manager Michael Kellner. Hofreiter inquired about the amount of water Tesla’s Gigafactory would need.
Development of automated driving (AD) technologies continues at a brisk pace in 2020 with more than 70 companies including legacy automakers, suppliers, startups, and technology companies new to the autoindustry involved.
And Ford’s CEO sees EVs as the spark for a big industry consolidation. This and more, here at Green Car Reports. Is the autoindustry headed for a big shakeout, and a price war over EVs? Toyota gets in the home energy storage business—albeit only in Japan, for now. In a financial.
Japan’s autoindustry must succeed in building passenger vehicles. To this end, manufacturers must participate in auto-racing to test their vehicles’ durability and performance and display their utmost performance.
Five years ago, a frequent matter of debate here at Green Car Reports was whether CCS or ChAdeMO would become the electric-car DC fast-charging standard of choice in the U.S. autoindustry behind it—and then the Korean industry joining later—was.
To develop the questions, they worked in close collaboration with leaders in the autoindustry. In a perspective piece in the journal Joule , researchers at the University of Michigan lay out the main questions facing lithium-metal, solid-state batteries.
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.
There’s no doubt about it, 2021 was a rough year for the autoindustry and consumers looking for a car. The industry has suffered from the chip shortage, other supply chain issues, and not to mention the Chevrolet Bolt battery issues resulting in a stop-sale.
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.
To that end, the two joint venture partners FAW Volkswagen and Shanghai Volkswagen are investing more than ever before in advanced vehicles and drives, green technologies and resource-efficient plants: €18.2 As a result, the Volkswagen Group is making its Chinese vehicle fleet ever more efficient. billion (US$25.1 billion) up to 2018.
Auto-industry tariffs coming in April, may bring immediate price hikes Mexico makes many U.S.-bound bound EVs, buys few of them EV tax credit still potentially applies to models made in Mexico and Canada The threat of auto tariffs affecting models made in Mexico and Canada has not abated.
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.) This shift has happened in two major waves of investment, over the last 20 years.
While on the West Coast the chicken-or-the-egg dilemma was on the side of the chargers—with projects like the West Coast Electric Highway that warmed the public up to the idea more than a decade ago—the Great Lake State and traditional heart of the autoindustry has waited until the.
Dealers think the Biden administration's EV policies are forcing the autoindustry to move ahead of market demand, according to a new Automotive News survey. The publication's 2024 Dealer Outlook Survey compiled responses from 208 U.S. car dealers and dealership managers.
Combined with Faurecia expertise in fluid dynamics and catalysis, the Group will be able to develop, mass-produce and commercialize a high performance fuel cell stack that will meet autoindustry expectations. In addition, hydrogen production is an efficient way to store green electricity.
Most Americans still aren't ready to buy an EV, according to the Deloitte 2022 Global Automotive Study, which examines consumer perceptions of electrification and other technology movements in the autoindustry.
The liftgate was recognized in November 2013 by the Society of Plastics Engineers as the year’s most innovative use of plastics in the autoindustry. The full liftgate assembly is 30% lighter than comparable stamped steel systems, which helps contribute to the vehicle’s overall fuel economy increase.
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. Most notably, the company invested more than 5.23 billion RMB (US$820 million) in R&D during the first three quarters.
Android Auto made its debut at the 2014 Google I/O annual technology conference in San Francisco as the first innovation resulting from the Open Automotive Alliance (OAA)—a coalition of tech companies and autoindustry leaders launched in January by Google, NVIDIA, Audi, GM, Honda and Hyundai committed to bringing the Android platform to cars.
This is sorely needed, and no one else in the autoindustry has anything like it. In the span of 15 years, the industry has gone from lead-acid to nickel-metal-hydride to the lithium-ion batteries used in Ford C-MAX and Ford Fusion hybrids on the road today. —Ted Miller, Ford’s manager of battery research.
EV prices are soaring at a non-sustainable rate, one auto-industry executive warns. As noted by Autoblog, several automakers have raised prices on their electric models in recent months. Tesla has raised prices multiple times this year, and the GMC Hummer EV got a $6,250 price bump last week.
Nevertheless, the investment announced remain important for automakers from a perspective of sustaining the ongoing disruptions in the automotive industry. Automakers need to be tech-efficient to combat technology rivals invading the autoindustry. —Bakar Sadik Agwan.
Despite supply chain issues that have affected the entire autoindustry, Volkswagen claims to have reached a delivery goal for its ID-family electric cars early. VW on Monday said it had passed 500,000 global deliveries of ID models since the first European-market ID.3 3 hatchbacks were handed over to customers in October 2020.
The Biden administration held a meeting Wednesday with autoindustry leaders to discuss electric vehicles and charging. A major topic of discussion was the administration's goal of a national network of 500,000 EV charging stations, according to Automotive News (subscription required).
Lashing out against proposals for upcoming Euro 7 emissions legislation, the CEO of the mammoth autoindustry supplier Bosch last week called regulators “fixated” on EVs, and accused the EU of running a “technology monopoly” that chokes all other means of climate innovation. Amid new.
autoindustry and a hub for manufacturing, has seemed perfectly fine ceding leadership in electric vehicle infrastructure to the West Coast. Over the past decade, Michigan, the traditional home of the U.S.
Although the cheap low-interest or no-interest financing deals for new vehicles have mostly gone away, as the autoindustry recalibrates supply to a new coronavirus-recovery norm for demand, many of them are still good through June in the green-car sector—leading to some standout deals for electric cars, plug-in hybrids, and hybrid vehicles. (..)
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