Advertisements


Struggling Our Next Energy enters strategic partnership with Foxconn

Electric vehicle battery startup Our Next Energy has entered a strategic partnership with Foxconn to keep the financially struggling startup afloat. Our Next Energy recently told employees about the partnership with the Taiwan-headquartered manufa.....»»

Source:  AutonewsCategory: TopJun 24th, 2024Related News

Lithia, AutoNation, Group 1 report impacts of CDK cyberattacks as crisis lingers into 6th day

Lithia, AutoNation and Group 1 said they are facing disruptions but took immediate steps to minimize the impact once they were notified. They said their dealerships are conducting business as usual......»»

Source:  AutonewsCategory: TopJun 24th, 2024Related News

Auto industry future lies in software, electrification and recycling, EY research finds

EY identified three key value pools to maximize future revenue for a "transitioning" automotive industry......»»

Source:  AutonewsCategory: TopJun 24th, 2024Related News

CDK says DMS restoration process from cyber ransom attack has begun, reiterates "several days" to end outages

CDK Global, in a note to customers, referred to the cyberattacks for the first time as a ransom event......»»

Source:  AutonewsCategory: TopJun 23rd, 2024Related News

Ferrari"s electric supercar plant will boost flexibility, shorten development times

Ferrari's new plant will build ICE cars alongside the automaker's $534,000 all-electric supercar......»»

Source:  AutonewsCategory: TopJun 23rd, 2024Related News

EV charging networks expand, add Tesla connectors

Charging network strategies continue to evolve. Expansion and reliability are top priorities......»»

Source:  AutonewsCategory: TopJun 23rd, 2024Related News

At dealerships, ‘wishful thinking" for CDK cyberattack resolution on crucial sales Saturday

Dealerships, which typically have busy sales days on Saturdays, enter the fourth day of the cyberattack shutdown with uncertainty......»»

Source:  AutonewsCategory: TopJun 22nd, 2024Related News

GM"s self-driving Cruise unit to pay $112,500 for delayed crash report

Cruise along with other self-driving vehicle companies like Alphabet's Waymo and Amazon's Zoox have come under heavy scrutiny because of safety concerns due to multiple crashes involving their vehicles......»»

Source:  AutonewsCategory: TopJun 22nd, 2024Related News

EV maker Fisker"s bankruptcy heads toward liquidation as creditors fight over assets

The company initially said it would seek additional financing and continue "reduced operations," but Fisker's attorney said the company does "not currently anticipate being able to obtain financing.".....»»

Source:  AutonewsCategory: TopJun 22nd, 2024Related News

Hyundai, Amazon amp up pilot, ready launch

Hyundai Motor America is opening its program to its whole dealer body ahead of its late-2024 launch, but stipulates that Amazon lacks capacity to onboard everyone right away......»»

Source:  AutonewsCategory: TopJun 22nd, 2024Related News

CDK opens online resource center for dealers; rivals also step in to help impacted dealerships

As CDK Global continues to bring its DMS back online, its rivals have begun helping impacted dealerships continue operating......»»

Source:  AutonewsCategory: TopJun 21st, 2024Related News

CDK Global hackers demand tens of millions in ransom to end dealership outage, report says

CDK is planning to make the payment, a source with knowledge of the situation told Bloomberg. The hacking group behind the attack is believed to be based in eastern Europe, the source said......»»

Source:  AutonewsCategory: TopJun 21st, 2024Related News

CDK cyberattacks could trigger litigation from consumers and dealers alike

It was a rough week as CDK Global dealt with two cybersecurity attacks, its customers rushed to adapt and experts predicted more breaches to come......»»

Source:  AutonewsCategory: TopJun 21st, 2024Related News

CDK shutdown forces dealer Damon Lester to flex payroll system, divert leads off website

Since Damon Lester's Nissan dealership uses CDK software to track employee hours worked, calculating the biweekly payroll set to be paid the week of June 24 will require a pivot, he said......»»

Source:  AutonewsCategory: TopJun 21st, 2024Related News

Findlay Automotive Group facing lawsuit over cyberattack

The lawsuit alleges that the dealership group failed to protect the private information of its customers......»»

Source:  AutonewsCategory: TopJun 21st, 2024Related News

A timeline of the cyberattacks on CDK Global

The majority of CDK Global's software systems continue to be unavailable for dealerships after two cyberattacks June 19. Here's a recap of the crisis......»»

Source:  AutonewsCategory: TopJun 21st, 2024Related News

What happened to CDK Global and how long will systems be down?

The dealership management system outage is interrupting thousands of new- and used-vehicle sales, service, parts orders and more as the end of the second quarter approaches......»»

Source:  AutonewsCategory: TopJun 21st, 2024Related News

As CDK Global outage continues, rivals step in to help impacted dealers

As CDK Global continues to bring its DMS back online, its rivals have begun helping impacted dealerships continue operating......»»

Source:  AutonewsCategory: TopJun 21st, 2024Related News

Top 5 stories of the week: CDK cyberattack; Fisker bankruptcy

A quick look at the top automotive stories of the week as determined by reader interest......»»

Source:  AutonewsCategory: TopJun 21st, 2024Related News

Why 3 Hyundai dealer agreement addendums could make business trickier for its retailers

The three franchise agreement addendums Hyundai wants its retailers to sign will not be legal in some states, and the changes don't take into account where today's industry stands, a dealer attorney says......»»

Source:  AutonewsCategory: TopJun 21st, 2024Related News