John Lawler, Ford chief financial officer, says the company’s 2023 revenues grew 11% to $176 billion, marking Ford’s second consecutive year of double-digit growth. Net income improved year-over-year to $4.3 billion.
About 13% of cybersecurity attacks logged last year were made through accessing programming interfaces in vehicle apps (APIs), meaning as software becomes more prevalent onboard vehicles, so do the avenues available for attack by Black Hat hackers.
Inventory of mainstream, or more affordable, vehicles is rising, which should help put the U.S. market back on the growth track in 2024 after January’s dip.
