Property insurance: Dealer hurdle over EVs
Zurich Insurance Group issues recommended best practices for dealerships servicing EVs that could add costs......»»
CDK ransom money goes through extensive money laundering schemes before reaching hackers
CDK Global likely paid a hacker group around $25 million in ransom June 21 to address the cyberattacks that led to significant software outages across the car dealer industry, CNN reported......»»
Coastal dealers talk insurance costs, hurricane preparation know-how
NOAA expects a more active Atlantic hurricane season. Dealers, already wary of higher insurance cost,s are monitoring it......»»
Service departments weigh benefits, drawbacks of recouping credit card fees from customers
As dealer profits fallfrom pandemic highs, a growing number of retailers are considering a controversial tactic to help offset one of their top monthly costs: surcharges on credit card transactions in the service lane......»»
What to know about dealer, consumer, employee CDK lawsuits
As of July 11, consumers, dealerships and current and former auto retail employees have filed 10 federal lawsuits against CDK Global in connection with the company's 2024 cyberattacks and outage. Here's an overview......»»
What flavor is that neutrino? Adding flavor helps to track neutrino movement in astrophysical systems
Neutrinos have a quantum mechanical property called "flavor." This flavor can transform as neutrinos move through space. A major challenge is to keep track of both the physical movement of the neutrinos and their change of flavor in astrophysical sys.....»»
Dealership insurance claims follow CDK cyberattack recovery
Some dealerships have already notified their insurance carrier about the June 19 CDK Global cyberattacks. Others are in wait-and-see mode......»»
Settlement near in Conn. Subaru dealership spot delivery lawsuit after March ruling
A settlement is near after U.S. District of Connecticut Judge Omar Williams this spring refused to dismiss a consumer's lawsuit over a Vernon, Conn., car dealer's spot delivery behavior. Pablo Castellanos-Hernandez alleged Suburban Subaru violated th.....»»
Partial automated driving systems do not improve vehicle safety, IIHS says
Partially automated driving systems that can take over driving in some settings don't have a tangible impact on vehicle safety, a new study from the Insurance Institute for Highway Safety and the Highway Loss Data Institute says......»»
Dealer Advantage Group: Leveraging brands like Lucas Oil the future of F&I
Dealer Advantage President Shawn McCool said to incorporate a brand familiar to consumers rather than one known only within the industry......»»
DMS company Tekion sells Buick-GMC dealership near Calif. headquarters
Gilroy Buick-GMC, about 60 miles from Tekion Corp.'s Silicon Valley headquarters, was one of two stores the firm bought to test its dealer management system technology......»»
Insurance Companies Are Using Drones To Monitor Homes — 4 Things They’re Looking For That Could End Up Costing You
Insurance Companies Are Using Drones To Monitor Homes — 4 Things They’re Looking For That Could End Up Costing You.....»»
Fifth Third Bank settles CFPB forced auto loan insurance case for $5M
Fifth Third Bank has agreed to pay restitution to auto borrowers and a $5 million civil penalty to settle Consumer Financial Protection Bureau allegations it mishandled the "force-placed insurance" it applied to thousands of customer cars, the agency.....»»
How to Build a Hurricane-Proof House
In the face of longer hurricane seasons filled with more powerful storms, homeowners are turning to new designs and stronger materials to ensure the resilience of their property......»»
Beryl knocks out power to some Houston area car dealerships, prompts CarMax store closures
One dealer said his dealership group was mostly prepared for Beryl, but high winds and severe weather affected some of its Houston stores July 8......»»
Massive car dealer ransom attack is mostly over after 2 weeks of work-arounds
CDK outage likely slumped June auto sales, may have cost more than $600M. Enlarge / Vehicles for sale at an AutoNation Honda dealership in Fremont, California, US, on Monday, June 24, 2024. (credit: Getty Images) After.....»»
Apple wants China to alter an antitrust ruling it already won
Apple scored a win when China ruled in its favor over an App Store antitrust suit, but now it seems to fear that its victory could backfire.iOS App StoreIn May 2024, the Shanghai Intellectual Property Court took Apple's side in a case alleging that t.....»»
CDK says "substantially all dealer connections are live" as DMS reboot moves ahead of schedule
CDK statement: "We are ahead of the anticipated schedule, and as of this morning, substantially all dealer connections are live on the Dealer Management System.".....»»
Kia lawsuit says dealer defrauded automaker out of more than $500,000
Kia America has accused a New England dealer, his six present and former franchised dealerships and its COO of racketeering, fraud and related wrongdoing for a scheme that allegedly bilked the automaker out of hundreds of thousands of dollars......»»
Kia lawsuit says dealer defrauded them out of more than $500,000
Kia America has accused a New England dealer, his six present and former franchised dealerships and its COO of racketeering, fraud and related wrongdoing for a scheme that allegedly bilked the automaker out of hundreds of thousands of dollars......»»
Column: Another hurdle for EV adoption — residual values keep dropping
The challenge of falling residuals and leases that are costlier is that leasing has emerged as a popular way to introduce consumers to EVs......»»