CDK cyberattacks delay dealership acquisition closings
Cyberattacks at dealer management system provider CDK Global have delayed some dealership acquisitions, buy-sell brokers say......»»
CDK outage: Michigan Honda dealership adjusting ahead of June sales end
Germain Honda of Ann Arbor is tracking to meet its June sales goal, but the CDK outage may slow financial statement turnaround, General Manager Jim Farkas said......»»
CDK continues rebooting, but will customers forgive it?
The dealership management system provider is continuing a phased effort to bring customers back online after two cyberattacks led to a shutdown June 19......»»
Live talk at noon July 2: The dealership acquisition market
Join us at noon on July 2 for a live talk on dealership mergers and acquisitions with Stuart T. McCallum, practice leader at accounting firm Withum. He will be joined by Automotive News Executive Editor Jamie Butters and Staff Reporter Gail Kachad.....»»
Broward RV dealership owner arrested, accused of not paying nearly $500K in sales tax
Broward RV dealership owner arrested, accused of not paying nearly $500K in sales tax.....»»
India"s monsoon overcomes delay, set to cover country on time
India"s monsoon overcomes delay, set to cover country on time.....»»
Cyberattacks at dealer management system provider CDK Global have delayed some dealership acquisitions, buy-sell brokers say
Cyberattacks at dealer management system provider CDK Global have delayed some dealership acquisitions, buy-sell brokers say......»»
Outage from CDK cyberattacks could cost dealers $1 billion, study says
Anderson Economic Group said affected dealers could be out about $600 million after two weeks and could lose roughly $1 billion if the dealer management system shutdown lasts until the July 4 holiday weekend. Its calculations include estimated losses.....»»
Second set of dealerships, public retailer brought back online after CDK cyberattacks
CDK Global said it brought a second small set of dealer customers back online as well as one of its large public dealership groups late June 27......»»
Vehicle lessee, Asbury employee sue CDK after cyberattacks
An Asbury Automotive Group Inc. employee and a consumer who leased a vehicle from a CDK Global dealership have joined other plaintiffs suing CDK in connection with the June cyberattacks on the company's dealership management systems......»»
CDK cyberattacks delay dealership acquisition closings
Cyberattacks at dealer management system provider CDK Global have delayed some dealership acquisitions, buy-sell brokers say......»»
Ill. auto body shop sues CDK Global in U.S. court, alleging business disruption after cyberattacks
The federal lawsuit filed against CDK Global in Illinois by Jay Kay Collision Center requests class-action status and views dealerships as part of a potential group of plaintiffs......»»
Walgreens’ Shares Plunge on Outlook Cut, More Store Closings
Walgreens’ Shares Plunge on Outlook Cut, More Store Closings.....»»
CDK begins DMS restoration with reboot test after cyberattacks amid sales disruption, litigation
The fallout from the crisis is spreading with analysts now expecting the outage to ding June U.S. sales and with litigation piling up in federal court. DMS audits are expected......»»
CDK begins DMS restoration with reboot test 9 days after cyberattacks amid sales disruption, litigation
The fallout from the crisis is spreading with analysts now expecting the outage to ding June U.S. sales and with litigation piling up in federal court. DMS audits are expected......»»
New ransomware, infostealers pose growing risk in 2024
BlackBerry detected and stopped 3.1 million cyberattacks (37,000 per day) in the first quarter of 2024. Between January and March 2024, BlackBerry detected 630,000 malicious hashes, representing a 40% increase from its previous reporting period. 60%.....»»
China tariffs delay Volvo EX30 crossover"s U.S. debut by more than a year
Volvo will expand EX30 production to Ghent, Belgium, in 2025 from where it will supply the U.S......»»
ChatGPT finally provides an update on its anticipated new Voice Mode
OpenAI has announced an official delay to its advanced Voice Mode, now rolling out later this fall......»»
Lease customer, former dealership employee sue CDK over breach
A Marin County, Calif., car dealer's lease customer and a former auto dealership employee from Florida have filed lawsuits against CDK Global in connection with the cyberattacks experienced by the dealership management system provider in June......»»
Major dealership groups redefine business as usual as CDK"s DMS outage reaches 7th day; concern rises for U.S. sales
The CDK disruption adds to general hesitancy to buy big-ticket items like vehicles because consumers now may believe it would be inconvenient to try, a Cox Automotive economist said......»»
Major dealership groups redefine business as usual as CDK"s DMS outage reaches 7th day
Auto retailers grapple with slowdowns but pursue business as usual with workarounds in place. CDK Global has contracts with five of the six top public dealership groups:.....»»