The EV startup boom is over. Companies are now trying to avoid a bust.

<p>Many EV startups are struggling to pay their bills. They are contending with higher costs, government probes, lawsuits, C-suite turnover and investor burnout in a high-interest-rate environment. For many, the EV startup boom is turning into a bummer.</p>

https://www.autonews.com/automakers-supp...investment

Authorities Shut Down ChipMixer Platform Tied to Crypto Laundering Scheme

A coalition of law enforcement agencies across Europe and the U.S. announced the takedown of ChipMixer, an unlicensed cryptocurrency mixer that began its operations in August 2017.
"The ChipMixer software blocked the blockchain trail of the funds, making it attractive for cybercriminals looking to launder illegal proceeds from criminal activities such as drug trafficking, weapons trafficking,

https://thehackernews.com/2023/03/author...mixer.html

VW ID.2all concept previews affordable EV due in 2025

The Volkswagen Group is preparing a family of subcompact electric vehicles that will include a member for the Volkswagen brand. VW previewed a potential design for its EV in 2021 with the ID.Life concept, though the automaker abandoned the boxy crossover design of that earlier concept in favor of a more traditional hatchback shape which has been...


https://www.motorauthority.com/news/1139...t-revealed

Randy Marion Automotive buys GM, Stellantis, Honda and Kia dealerships

<p>The North Carolina dealership group, fresh off a September acquisition, bought four stores in two separate first-quarter transactions. One of the deals included two new brands for the group.</p>

https://www.autonews.com/dealers/randy-m...ealerships

CISA Issues Urgent Warning: Adobe ColdFusion Vulnerability Exploited in the Wild

The U.S. Cybersecurity and Infrastructure Security Agency (CISA) on March 15 added a security vulnerability impacting Adobe ColdFusion to its Known Exploited Vulnerabilities (KEV) catalog, based on evidence of active exploitation.
The critical flaw in question is CVE-2023-26360 (CVSS score: 8.6), which could be exploited by a threat actor to achieve arbitrary code execution.
"Adobe ColdFusion

https://thehackernews.com/2023/03/cisa-i...adobe.html

Multiple Hacker Groups Exploit 3-Year-Old Vulnerability to Breach U.S. Federal Agency

Multiple threat actors, including a nation-state group, exploited a critical three-year-old security flaw in Progress Telerik to break into an unnamed federal entity in the U.S.
The disclosure comes from a joint advisory issued by the Cybersecurity and Infrastructure Security Agency (CISA), Federal Bureau of Investigation (FBI), and Multi-State Information Sharing and Analysis Center (MS-ISAC).

https://thehackernews.com/2023/03/multip...-year.html

What's Wrong with Manufacturing?

In last year's edition of the Security Navigator we noted that the Manufacturing Industry appeared to be totally over-represented in our dataset of Cyber Extortion victims. Neither the number of businesses nor their average revenue particularly stood out to explain this.
Manufacturing was also the most represented Industry in our CyberSOC dataset – contributing more Incidents than any other

https://thehackernews.com/2023/03/whats-...uring.html

Lithia enters U.K. with acquisition of Jardine Motors

<p>Lithia Motors CEO Bryan DeBoer confirms the acquisition of one of Europe's biggest dealership groups, part of the No. 1 U.S. auto retailer's big expansion plans.</p>

https://www.autonews.com/dealers/lithia-...ine-motors

Nissan hopes EV ambitions gain traction with awd version of Ariya

<p>About 60 percent of early interest in the Ariya electric crossover is from buyers new to the Nissan brand.</p>

https://www.autonews.com/cars-concepts/n...ied-launch

29 Ford dealers drop out of EV program after changes

<p>Dealers in North Carolina are the latest group to file a legal challenge against Ford over the program, following similar actions in New York and Illinois.</p>

https://www.autonews.com/dealers/29-ford...er-changes