German company Freudenberg Sealing Technologies has increased its stake in Midland, Mich.-based XALT Energy from 31% in March 2018 to more than 50%, becoming a majority stakeholder of the company. Within a few years, Freudenberg intends to acquire the remaining shares. XALT Energy is a small lithium-ion battery developer and manufacturer, which supplies batteries, for example, for New… Continue reading Freudenberg Acquires Lithium Battery Maker XALT Energy
Tag: FCA
Cybersecurity firms say high-tech upgrades, self-driving tech make new cars easy targets for hackers
XtockImages | Getty Images
As auto makers roll out ever more sophisticated features to make your daily commute easier, the upgrades are also making your new car more vulnerable to cyberattacks, according to a new report.
“As more connected vehicles hit the roads, software vulnerabilities are becoming accessible to malicious hackers using cellular networks, Wi-Fi, and physical connections to exploit them,” data protection research group the Ponemon Institute said in a report released Wednesday. “Failure to address these risks might be a costly mistake, including the impact they may have on consumer confidence, personal privacy, and brand reputation.”
Some 84 percent of security professionals and auto engineers surveyed worry that automakers — which are loading new cars with infotainment systems, self-driving features, Wi-Fi, cellular connections and more — aren't keeping pace with the rapidly changing security threats, according to the study commissioned by cybersecurity firms SAE International and Synopsys. The many and varied systems leave companies and consumers vulnerable to security breaches, the report said.
“Unauthorized remote access to the vehicle network and the potential for attackers to pivot to safety-critical systems puts at risk not just drivers' personal information but their physical safety as well,” the study found.
Back in 2015, hackers took over a Jeep Cherokee in order to show how they could infiltrate the system and control steering, brakes and transmission — all from a laptop miles away. Fiat Chrysler, which makes the Jeep, issued a warning to vehicle owners to go to update their cars online, but some systems are still vulnerable.
“The industry has been slowly moving to a software-based environment, and as that's happened a lot of researchers found weaknesses and those weaknesses are now being used by various types of attackers,” said Art Dahnert, automotive security practice lead with Synopsis.
The survey was sent out to over 15,000 IT professionals, product developers and automotive engineers, and a final sample consisted of 593 responses.
A majority of those surveyed said automakers don't have enough resources to combat the threats, and 62 percent of those surveyed said their organizations do not have the cybersecurity skills needed to protect themselves.
The study is one of the latest efforts to show how smart technology can make vehicles vulnerable, especially when smart cars are on the rise. The Insurance Information Institute estimates 25 percent of cars on the road in 2030 will autonomous, or self-driving. And IHS Markit estimates that connected cars will make up 65 percent of new car sales by 2020.
Symantec, for example, introduced a car security offering in 2016. BlackBerry, a longtime cell phone maker, ventured into automotive safety through BlackBerry QNX, a software focused on safety that is now in over 120 millions cars.
“The biggest thing related to security is managing the life cycle of software and managing the life cycle of security; You constantly have to manage the security on a daily basis,” said Kaivan Karimi, senior vice president and co-head of BlackBerry Technology Solutions. “It's an ongoing process of securing the life cycle of the car.”
Automakers are also going public with their efforts to keep their cars safe. Mitsubishi went public Jan. 21 with its latest technology to protect connected cars against increasing threats.
“Automotive companies are still building up needed cyber security skills and resources,” according to the survey. “Sixty-three percent of respondents stated that they test less than half of hardware, software, and other technologies for vulnerabilities.”
Dahnert said the automotive industry should work on hiring more people who understand automotive-related security issues and train employees to watch out for potential issues.
FBI's tips for keeping your vehicle safe:
Keep your software up to dateExercise caution when making modifications to vehicle's softwareUse discretion when connecting third-party devicesBe aware of who has physical access to your car
Waymo cooperates with Renault-Nissan-Mitsubishi alliance
Renault-Nissan-Mitsubishi’s alliance is expected to partner with Google’s sister Waymo. The enterprise Waymo. a sister company of Google, is considered the industry leader in the field of autonomous driving. The company had its first robotic taxi service in Arizona last December started and drives around with Level 4 vehicles. German manufacturers are not ready yet… Continue reading Waymo cooperates with Renault-Nissan-Mitsubishi alliance
Renault-Nissan to work with Google’s Waymo on driverless cars
TOKYO: The three-way alliance of Renault, Nissan and Mitsubishi Motors is planning a deal to work with Google’s Waymo to jointly develop self-driving taxis, Japan’s Nikkei said Tuesday. The three automakers are finalising tie-up negotiations with Waymo, a Google-affiliated developer of self-driving car technology, the business daily said on its website. The two sides are… Continue reading Renault-Nissan to work with Google’s Waymo on driverless cars
Fiat Chrysler recalls 8,82,000 pickup trucks for steering, pedal issues
WASHINGTON: Fiat Chrysler Automobiles NV said on Tuesday it would recall 8,82,000 pickup trucks worldwide in two new recalls to address steering and pedal issues. The Italian-American automaker said it was recalling about 6,60,000 heavy duty Ram 2,500 and 3,500 pickup trucks from the 2013 through 2017 model years, including 5,74,000 in the United States,… Continue reading Fiat Chrysler recalls 8,82,000 pickup trucks for steering, pedal issues
FCA recalls over 660K trucks; steering could fail
Original Article
Fiat Chrysler recalls over 660K trucks; steering could fail
Original Article
GM unveils Chevy Silverado HD as Detroit’s Big 3 battle for big profits in big pickups
Rebecca Cook | Reuters
General Motors President Mark Reuss introduces the Chevrolet 2020 Silverado HD pickup truck at the GM Flint Assembly Plant in Flint, Michigan, February 5, 2019.
General Motors and Ford are raising the stakes in the war to win over buyers of heavy duty pickups, full-size trucks coveted by America's contractors, cowboys and commercial buyers alike.
GM unveiled Tuesday its new heavy-duty Chevy Silverado at the company's plant in Flint, Michigan where the truck will be manufactured.
“They are very purpose built,” Mark Reuss, president of General Motors told CNBC. “Things like snowplows, going to work at a construction site, using the power out of the bed. These are tools, but they are also refined tools.”
The new Silverado, complete with a ten-speed transmission rolled out just hours after Ford announced new capabilities and technology for its F-Series Super Dutypickup truck.
Phil LeBeau | CNBC
Chevy Silverado HD
“Our new Super Duty has more power, more payload and towing capability and better technology than ever to help these customers build a better world,” Kumar Galhotra, Ford's president of North America, said in a new release announcing the new truck.
Not to be outdone, Fiat Chrysler has a new Ram Heavy Duty 2400/3500 pickup heading into showrooms this spring. It comes complete with a new Cummins engine and the capability to tow 35,100 pounds, roughly the weight of five African elephants according to Fiat Chrysler.
There's a reason the Detroit Big 3 automakers are in a arms race when it comes to big pickups. These are among the most profitable models the automakers sell.
“Pickup trucks, the full-size and then the heavy duty, combined account for well over 100 percent of global auto profit,” said Adam Jonas, auto analyst with Morgan Stanley. “We like to joke sometimes the Ford F-150 is called the F-150 because it accounts for 150 percent of Ford's global profit.”
Jonas estimates some of the newest full-size pickups each bring in $10,000 to $15,000 in profits for automakers, depending on the model. He calls the profit margins “Ferrari like.”
All of which explains why the Big 3 are pouring billions into rolling out newer, more capable and higher-priced heavy duty pickups. For example GM is adding a thousand jobs to its plant in Flint to help with production of the new Silverado. Many of those jobs will be filled by GM employees working at some of the six plants the company is idling in a North America.
Last year, roughly one out of every four full-size pickups sold in the U.S. was a heavy duty model according to IHS Market, the Ford's heavy duty F-Series being the most popular.
There is one other reason why GM, Ford and Ram believe their new heavy duty pickups will rack up strong sales this year. The economy remains strong, so businesses and contractors looking to invest in new work trucks are primed to upgrade their heavy duty trucks.
“Construction starts, anything with building, anything with servicing. All those areas are very healthy and that helps out truck business and in particular, the heavy duty business,” said Reuss.
Phil LeBeau | CNBC
Chevy Silverado HD
CNBC producer Meghan Reeder contribute to this report.
Questions? Comments? BehindTheWheel@cnbc.com.
UPDATE 1-Fiat Chrysler recalls 882,000 pickup trucks for steering, pedal issues
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said on Tuesday it would recall 882,000 pickup trucks worldwide in two new recalls to address steering and pedal issues. The Italian-American automaker… Continue reading UPDATE 1-Fiat Chrysler recalls 882,000 pickup trucks for steering, pedal issues
Fiat Chrysler recalls 882,000 pickup trucks for steering, pedal issues
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said on Tuesday it would recall 882,000 pickup trucks worldwide in two new recalls to address steering and pedal issues. The Italian-American automaker… Continue reading Fiat Chrysler recalls 882,000 pickup trucks for steering, pedal issues