Fiat Chrysler’s Hacking Risk an Isolated Case, Radio Supplier Says

Santander beat competition from Wall Street firms including JPMorgan Chase & Co. and Morgan Stanley, said people familiar with the talks, and will work alongside UBS Group AG and Bank of America Corp.

The controlled test sharply escalated the debate about the safety of increasingly connected cars and trucks.

OnStar navigation system mobile app. And there’s been a rise in auto thefts using key-cloning systems for electronic fobs. Eventually, they showed they could meddle with the transmission and brakes, shutting down the Jeep on Highway 40 near Union Station.

Harman global, which manufactures the Uconnect dashboard in the millions of Chrysler vehicles that had the security flaw, was also named in the lawsuit. As a result, the software can have vulnerabilities an automaker may not know about.

The plaintiffs’ attorney Michael Gras says it’s too early to estimate how much the case could cost Chrysler and Harman in damages, and maintains that, “Right now, we’re just focusing on trying to make these vehicles safe”. Redbend provides software management technology for connected devices.

Chief Executive Officer at Harman, Dinesh Paliwal said in an interview that he don’t think this issue exists in any other vehicle outside of Fiat Chrysler.

Eight FCA US vehicles set records in the month of July, including the Chrysler 200, which posted the largest percentage year-over-year increase of any FCA US vehicle in the month. “Double-digit increases in Jeep® and Ram brand sales for both the month and year have been a contributing factor in our overall sales growth”.

Fiat Chryslers recall related to the radios was the first formal auto safety campaign in response to a cybersecurity threat. Fiat Chrysler still lags behind competitors Ford Motor Co. and General Motors Co. which saw their North American profit margins climb to 10.5% and 11.1% respectively during the quarter. The company said it’s “conducting a remedial campaign as a safety recall in the interest of protecting its customers” out of “an abundance of caution”. A class, which must be certified by a judge, could include as many as a million plaintiffs, WIRED magazine reports.

The security flaw came to light after researchers Charlie Miller and Chris Valasek demonstrated how to remotely attack a Uconnect-equipped vehicle. “[The firm] opposes irresponsible disclosure of explicit “how-to” information that could help criminals gain unauthorized access to vehicle systems”. Harman also deliversinfotainment systems to Daimler, Volvo and BMW among many others.

WASHINGTON – Business at U.S. services companies surged in July, the Institute for Supply Management reported Wednesday.