Shell and Volkswagen push ahead the expansion of charging infrastructure: Opening o

Shell and Volkswagen push ahead the expansion of charging infrastructure: Opening of the first innovative Flexpole charging station...

https://www.volkswagenag.com/en/news/202...nfras.html

Lear to close 2 Detroit plants in footprint consolidation move

<p>The move will impact 558 employees, but the company has "offered to transfer and to continue to employ nearly all of the affected employees" at a new plant in Detroit.</p>

https://www.autonews.com/suppliers/lear-...nts-plants

Ferrari's Q1 earnings rose 27% on higher sales, strong pricing

<p>Ferrari's profit margin grew to 37.6 percent as it raised prices for its wealthy customers who are less affected by soaring inflation and higher interest rates.</p>

https://www.autonews.com/earnings-report...y-pay-more

Internal combustion engine suppliers face shakeout amid EV transition, S&P says

<p>Internal combustion engine <a href="autonews.com/topic/suppliers" target="_blank">suppliers</a> will need to relearn how to swim — or risk sinking — as an industry transition to <a href="autonews.com/topic/electric-vehicles" target="_blank">electric vehicles</a> begins, according to a report from S&P Global Mobility.</p>

<p>With EV powertrains, <a href="https://www.autonews.com/ice-vs-ev" target="_blank">parts</a> that are industry staples will be lost, while new parts are gained. "As a result, there will be a brutal shakeout and consolidation among engine, transmission, and driveline suppliers in addition to those in the fuel and exhaust systems sectors," the data firm said.</p>

<p>The <a href="https://www.autonews.com/suppliers/gasoline-engine-parts-suppliers-face-daunting-future" target="_blank">markets</a> for transmissions and engine systems are expected to shrink more than 50 percent by 2035, according to consulting firm McKinsey & Co. And S&P said that just two internal combustion engine combinations will be launched for North American production in 2025, down from 13 in 2015.</p>

<p>Declining investment in combustion engine technology will lead to extended production schedules and decreased margins for suppliers, Michael Robinet, executive director of consulting services at S&P, told <i>Automotive News</i>.</p>

<p>Robinet acknowledged that the transition is in its early stages and that suppliers have likely not begun to experience volume reductions. On the road today remain 1.3 billion internal combustion engine cars, S&P estimates.</p>

<p>But supply chain disruptions, increasing cost pressures and rising interest rates are mounting to create "a recipe for significant industry turnover."</p><p>Four potential strategies for moving forward were identified in the report: divest from combustion parts and shift to EV production; commit to combustion engine supplies and simultaneously prepare for closure; move to assert dominance as a particular parts supplier; or position to be acquired.</p>

<p>Suppliers whose components do not have a strong aftermarket focus will be particularly vulnerable, Robinet said. <a href="https://www.autonews.com/suppliers/auto-industrys-transition-evs-threatens-wipe-out-smaller-parts-suppliers" target="_blank">Small firms</a> are also at a higher risk for disruption, and many are facing the decision over whether to take on the costs associated with rebuilding their businesses to meet an electrified future.</p>

<p>Responses will need to vary widely from situation to situation, Robinet emphasized. How much renewal interest there is for components is a factor that will impact suppliers' flexibility, mobility and opportunities, he said.</p>

<p>Overall, though, urgency is key, as "the options become more and more limited over time."</p>

<p>While Robinet believes it is time to understand an EV transition as a "when" instead of an "if," he urged suppliers to be calculated in their adaptation.</p>

<p>"With EVs, everything is new — new processes, sometimes a new plant, new suppliers, new components," Robinet said. "And anytime anything is new, there's also going to be a certain level of risk."</p>

https://www.autonews.com/suppliers/ice-s...transition

Palo Alto Networks Unveils New Cloud Firewall for Azure

The next-generation cloud firewall is a fully managed Azure-native ISV service.

https://www.darkreading.com/dr-tech/palo...-for-azure

AppSec Making Progress or Spinning Its Wheels?

Software developers and application security specialists estimate they are catching only 60% of vulnerabilities, but other measures indicate better results.

https://www.darkreading.com/edge-threat-...ts-wheels-

Hotels at Risk From Bug in Oracle Property Management Software

Oracle's characterization of the vulnerability in its Opera software as complex and hard to exploit is incorrect, researchers who found the flaw and reported it say.

https://www.darkreading.com/application-...t-software

Meta Expunges Multiple APT, Cybercrime Groups From Facebook, Instagram

The company has removed three APTs and six potentially criminal networks from its platforms who leveraged elaborate campaigns of fake personas and profiles to lure and compromise users.

https://www.darkreading.com/vulnerabilit...-instagram

Legitimate Software Abuse: A Disturbing Trend in Ransomware Attacks

Build a culture of security so that everyone is on the lookout for suspect behavior. Implement least privilege, improve visibility.

https://www.darkreading.com/application-...re-attacks

Anatomy of a Malicious Package Attack

Malicious packages are hard to avoid and hard to detect — unless you know what to look for.

https://www.darkreading.com/vulnerabilit...age-attack