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Automotiv 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.

  Automotiv News

 21 hours 4 minutes ago

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EV charging networks expand, add Tesla connectors

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

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 1 day 15 hours ago

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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.

  Automotiv News

 2 days 9 hours ago

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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.

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 2 days 10 hours ago

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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."

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 2 days 12 hours ago

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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.

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 2 days 16 hours ago

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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.

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 2 days 17 hours ago

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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.

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 3 days 3 hours ago

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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.

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 3 days 4 hours ago

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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.

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 3 days 5 hours ago

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Findlay Automotive Group facing lawsuit over cyberattack

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

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 3 days 5 hours ago

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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.

  Automotiv News

 3 days 6 hours ago

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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.

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 3 days 6 hours ago

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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.

  Automotiv News

 3 days 7 hours ago

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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.

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 3 days 8 hours ago

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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.

  Automotiv News

 3 days 8 hours ago

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5 things the American-Made Index says about a supply chain in flux

Changes in the annual survey's results show how automakers are quickly rethinking where they source their parts from.

  Automotiv News

 3 days 10 hours ago

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Scammers reportedly targeting dealers pretending to be CDK reps

Reports are surfacing that scammers are targeting some CDK dealer customers affected by the cyberattack that downed their DMS platforms.

  Automotiv News

 4 days 2 hours ago

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Dealership finance offices can still work while CDK is down

The temporary shutdown of the car dealership management system CDK following cyberattacks complicates life for auto retailers' finance and insurance offices. However, it's not insurmountable, according to experts.

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 4 days 2 hours ago

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Dealers worry about financial impact, employee commission pay on second day of CDK Global cyberattack

Dealers are using creative solutions to keep businesses going amid CDK Global cyberattack and outage though are worried about the toll a long service interruption will take on their businesses.

  Automotiv News

 4 days 3 hours ago

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