Volkswagen and Porsche are killing old models described as ‘spying machines on four wheels' ahead of new EU cybersecurity rules—offering another opportunity for Chinese rival BYD [Yahoo! F...
PORSCHE AUTOMBL UNSP/ADR (POAHY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
The UN is launching new cybersecurity rules called UN R155 which the EU will implement from July 7. It means drivers on European roads will have to get used to not seeing some formerly innovative cars, including Volkswagen's up! and certain versions of Porsche's Cayman. It's also the latest sign of European cars slowly disappearing from their native roads, while Chinese automakers like BYD rush in to fill the gap for bargain-hunting consumers. ‘Spying machines on four wheels' Thanks to the rapid growth in sophistication of cars, older models aren't equipped with the requisite safeguards to prevent things like cyber attacks. Experts have been vigilant in their warnings about the potential for the next-gen vehicles of yesterday to do untold damage to their drivers and pedestrians. "It's about sensitive data that can be siphoned off—especially with electric cars. From the perspective of intelligence agencies, these cars, with their many sensors and cameras, are nothing but s
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