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Upstream Security: cyber hacks could cost auto industry $24 billion within 5 years

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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. 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.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry 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.

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Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

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The auto industry has seen this need to improve familiarity in the past, with some advanced driver assist features such as ACC and even autonomous driving. The Ipsos Study uncovered the top five issues: driving range, affordability, access to charging stations, overall ownership cost and battery life.

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EC rolls out CARS 2020 action plan for European auto industry

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Priorities will include motorcycles, safety of new vehicle technologies (EVs) and technologies supporting driver behavior and enforcement of road rules (intelligent speed management devices, seat belt reminders, ITS, ecodriving). promote dialogue with relevant stakeholders on a voluntary fuel labeling scheme.

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ABB and HASCO create joint venture to drive smart manufacturing in China’s auto industry

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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.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

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In sync with its past annual auto studies, AlixPartners continues to predict that US auto sales will climb more slowly, and to a lower peak, than many others are predicting. Specifically, the firm estimates US auto sales will reach just 12.7 billion in 2010 profit on a net margin of 4.6% billion on a net margin of 4.3%—things

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German ELAB study finds growth of alternative drivetrains to increase employment opportunities in auto industry

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The researchers defined six different drive concepts and their components as essential for the future and examined them in detail: the mild hybrid; the full hybrid including its plug-in version; the range extender; all-electric vehicles with battery or fuel cell; as well as vehicles with combustion engines.