First ever all-electric BMW i4.
BMW AG reported unexpected sales growth in all significant regions of the world, in particular in China, and all brands during Q1 2021.
In addition, positive price and mix effects, as well as high demand for used cars, also helped key financial performance figures of BMW AG, which exceeded market expectations. Part of the reason, of course, was extremely low expectations for the Munich-based auto conglomerate because of the ongoing Covid 19 pandemic. Continue reading
The Philadelphia Concours d’Elegance show in the City of Brotherly Love returns on 17 July 2021 to celebrate Corvette – “America’s Sports Car.” Last year’s two-day event was cancelled due to the pandemic and this fourth “annual” event has been rescheduled as a one-day program. All current State guidelines for pandemic restrictions will be in place to ensure the safety of all participants and attendees.
FBI with a Tesla Employee’s Help Stops Malware Attack
Cyber Security remains problematic in the auto industry as it electrifies.
Egor Igorevich Kriuchkov plead guilty to offering a Tesla employee $1 million to inject malware into the company’s battery plant in Nevada, according to Upstream Security*. The Tesla employee informed the company and cooperated with the FBI who stopped the plot at its inception.
Kriuchkov planned to cripple Tesla’s electric battery plant in Nevada with ransomware and steal company secrets for extortion. Furthermore, it was alleged that Kriuchkov acted on behalf of co-conspirators abroad and attempted to use face-to-face bribery to recruit the insider. The goal of the insider was to physically plant a ransomware which scrambles data on targeted networks and can only be unlocked with a software key provided by the attackers. Continue reading →