Hackers warm up to carmakers at the DEFCON cyber security conference at Las Vegas

With vehicles getting increasingly digital, carmakers are warming to White Hat cyber security professionals who scour for vulnerabilities in transportation systems before Black Hat hackers exploit them for commercial or other gains. In a significant development, carmakers are boost efforts to discover lurking vulnerabilities in their increasingly digital car offerings from helpful and friendly hackers.…

Brazilian used car portal receives $16.6 million in latest funding round

Brazil’s second-hand car market is booming and Volanty’s latest funding is proof of that. On Thursday, Volanty, a digital used car portal in Brazil stated, it has received a funding of $17.6 million (70 million reais) from a consortium of venture capital funds led by Japan’s SoftBank and Kaszek of Argentina. The development comes in…

VW purchases 75.1% stake in Volvo’s WirelessCar platform

The forward-looking purchase of the stake is of strategic significance as it revolves around the future of mobility. In a strategic move, Volkswagen has purchased a controlling stake in Volvo’s WirelessCar, a digital service developer which specializes in connected driving, for $122 million (1.1 billion Swedish crowns). In a statement Volkswagen stated, WirelessCar’s technology would…