CDK Global cyberattack cripples 15,000 US auto dealerships
CDK Global, a software-as-a-service (SaaS) provider for car dealers and auto equipment manufacturers, has suffered a cyberattack that has temporarily disrupted its customers’ operations. About CDK and its platform CDK’s platform is used b.....»»
Climate lawsuits against companies on the rise: report
Companies worldwide have faced mounting legal pressure to reduce their impact on global warming as activists use litigation to fight climate change, according to a new report Thursday......»»
Magna International founder Frank Stronach faces eight more sexual assault charges in Canada
Frank Stronach, the founder and long-retired CEO of Magna International, North America’s biggest auto parts supplier, faces eight additional criminal charges in connection with a sexual assault investigation by Toronto-area police......»»
Ill. auto body shop sues CDK Global in U.S. court, alleging business disruption after cyberattack
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......»»
Detroit auto show exhibit producer EEI Global files for bankruptcy
A Southeast Michigan experiential marketing firm that creates exhibits at the Detroit Auto Show and other trade events around the country has filed for Chapter 11 bankruptcy......»»
CDK says ‘small initial test group" of dealers back on DMS, 8 days after cyberattack
The news comes after CDK told dealers the DMS outage was unlikely to end before June 30......»»
As repair costs rise, so does popularity of service drive financing
The cost of a vehicle repair is rising; therefore, so is the chance of customers getting hit with a hefty service department bill. To ensure they don't decline the work and to help them afford the repair, more dealerships are offering buy now, pay la.....»»
June U.S. auto sales could take ‘significant" hit from CDK outage
Uncertainty about how soon the CDK issue will be resolved means a range of outcomes are possible, according to J.D. Power and GlobalData, though lost sales could be made up quickly in July......»»
Automakers tell DMS providers to expect security audits in wake of CDK cyberattack, executive says
Sharon Kitzman, president of Dominion DMS, said she has heard from several car makers already. “They're just letting us know that they will be auditing all of the DMS providers that they are certified with.” She would not name the specific manufa.....»»
Bosch weighing offer to acquire Whirlpool, report says
The world's largest auto parts supplier has had discussions with advisers about potentially making an offer for iconic appliance giant Whirlpool, sources told Reuters. The sources were not certain an offer would be made......»»
Tony Gullo, founder of Gullo Auto Group, dies at age 90
Tony Gullo, owned three Conroe, Texas, dealerships and capitalized on the Toyota growth wave. A family man and philanthropist, he also was deeply involved in his community......»»
5 EV trends in latest U.S. registration data
Tesla registrations fell for a third straight month in April, Toyota's bZ4X made the top-10 model list, factory incentives soared, and EV market share rose to 7.4 percent, data from S&P Global Mobility showed......»»
Five ways to improve the global voluntary carbon credit markets
The severity of climate change means we all need to reduce our carbon footprint to zero as quick as possible, including companies. The voluntary carbon markets were set up to allow companies to buy and sell carbon credits to offset their emissions......»»
A much-missed Android phone maker is back with a real winner
Two years ago, Realme disappeared from the global market. Now it's back with the Realme GT 6, and it's exactly the return I wanted......»»
New global study unveils city-region networks, highlights role of intermediate cities
Rural livelihoods are quite intertwined with urban centers, with mid-sized cities playing an extraordinary role in providing required services, including for food security, agricultural livelihoods and viable rural development, according to a new stu.....»»
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......»»
With CDK"s reputation challenged, CEO Brian MacDonald defends cyberattack response
CDK's CEO Brian MacDonald said the company is doing everything it can to help customers while its systems remain down, though some dealers have been unhappy with the communication......»»
Ally dealer pass-through, SmartAuction programs boomed in 2023
Ally's pass-through and SmartAuction businesses together generated $161 million in revenue for the major national auto lender last year, and the company expects they'll improve this performance to an approximately $190 million combined in 2024, accor.....»»
Half of world"s lakes are less resilient to disturbance than they used to be
Nearly half of the world's large lakes have lost resilience, or the ability to bounce back after an abrupt disturbance, in recent decades, according to the first global assessment of long-term changes in lake resilience. Lakes in eastern North Ameri.....»»
Pauses in human activity benefit biodiversity
A study published in Global Ecology and Conservation shows that COVID-19 lockdowns had a positive impact on the quality of species' habitats......»»
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:.....»»