Nissan: Nissan breaks ground on advanced technology training center in Decherd, Tennessee

DECHERD, Tenn. – Nissan is breaking ground today on an advanced technology training center in Decherd, Tennessee. The new 21,000 square-foot facility — located at the existing Nissan powertrain assembly complex — will have the capacity to train 180 employees simultaneously in the areas of production, maintenance, engineering and management. “This new training center underpins… Continue reading Nissan: Nissan breaks ground on advanced technology training center in Decherd, Tennessee

Nissan: Nissan reports third-quarter results for fiscal year 2018

YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced financial results for the three-month period to Dec. 31, 2018. For the quarter, Nissan generated an operating profit of 103.3 billion yen on net revenues of 3.05 trillion yen, equivalent to an operating margin of 3.4%. Overall operations continued to improve in the third quarter, despite… Continue reading Nissan: Nissan reports third-quarter results for fiscal year 2018

Nissan takes $83m charge on Carlos Ghosn

Nissan has taken a 9.2bn yen ($83m; £64.5m) charge tied to compensation for former chairman Carlos Ghosn. The charge was reported in the firm’s first results since Mr Ghosn’s arrest for financial misconduct, and Nissan said it reflected additional expenses related to payments to its former boss. The carmaker also cut its full-year profit forecast… Continue reading Nissan takes $83m charge on Carlos Ghosn

Renault: Ghosn remains director of Renault, Bollore chairman of Renault-Nissan

FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends at the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) – Carlos Ghosn remains a director of Renault SA even though he has resigned as… Continue reading Renault: Ghosn remains director of Renault, Bollore chairman of Renault-Nissan

Ex-Nissan CEO Carlos Ghosn says he is victim of ‘plot and treason’ – The Straits Times

TOKYO • Carlos Ghosn, the embattled auto executive indicted on charges of financial wrongdoing, has said he was the victim of “plot and treason” by other Nissan leaders who wanted to thwart his plans to bring the automaker closer to its alliance partners, Renault of France and Mitsubishi Motors of Japan. In an interview with… Continue reading Ex-Nissan CEO Carlos Ghosn says he is victim of ‘plot and treason’ – The Straits Times

Exclusive interview: Ghosn says ‘plot and treason’ led to arrest – Nikkei Asian Review

TOKYO — Former Nissan Motor Chairman Carlos Ghosn told Nikkei in an exclusive interview Wednesday that he had “no doubt” that the charges against him were the result of “plot and treason” by Nissan executives opposed to his plan for deeper integration between Renault and its two Japanese alliance partners. Speaking on the 10th floor… Continue reading Exclusive interview: Ghosn says ‘plot and treason’ led to arrest – Nikkei Asian Review

Arrest was result of ‘plot and treason’ by Nissan, Carlos Ghosn says during interview – The Japan Times

Detained auto tycoon Carlos Ghosn believes his arrest and the charges against him are the result of a “plot and treason” at his former employer Nissan Motor Co., he told the Nikkei business daily Wednesday. The daily quoted Ghosn as saying he had “no doubt” that the charges against him were motivated by Nissan executives… Continue reading Arrest was result of ‘plot and treason’ by Nissan, Carlos Ghosn says during interview – The Japan Times

Carlos Ghosn, “ready to reimburse” Renault for the 50,000 euros of his wedding expenses

Posted 08/02/2019 16:52:31CET PARIS, 8 Feb. (EUROPA PRESS) – The ex-president of the Renault, Nissan and Mitsubishi group, Carlos Ghosn, is “willing to reimburse” Renault for the 50,000-euro bill that the French corporation took over for the director’s wedding at the Palace of Versailles (Paris). Ghosn’s lawyer, Jean-Yves Le Orgne, said in the station ‘France… Continue reading Carlos Ghosn, “ready to reimburse” Renault for the 50,000 euros of his wedding expenses

Carlos Ghosn: Renault to investigate payments for wedding

A statement issued by Renault confirmed Senard “will be the main contact person for the Japanese partner and the other Alliance partners for any discussion on the Alliance’s organisation and evolution”. It continued: “He will propose to the Board of Directors any new Alliance agreement that he considers useful for Renault’s future.” The architect and… Continue reading Carlos Ghosn: Renault to investigate payments for wedding

Cybersecurity firms say high-tech upgrades, self-driving tech make new cars easy targets for hackers

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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