CBT News | Automotive Industry | Dealership News
4 days ago · CBT News - September 23, 2024. Dave Cantin Group Announces Biltmore Automotive Services’ Acquisition of DCG’s Capital and Ownership Accelerator Program Lines of Business. NEW YORK, Sept. 16, 2024 – The Dave Cantin Group, a leading mergers and acquisitions advisory company to retail automotive groups and their owners,...
CDK Global cyberattack disrupts operations at 15,000 dealerships
By CBT News. June 20, 2024. CDK Global, a major software provider to auto dealerships in the U.S., has been hacked, forcing the company to shut down most of its systems temporarily. This cyberattack effectively halted sales operations at approximately 15,000 car dealerships, including those under General Motors, Group 1 Automotive, and Holman.
Settlement reached in Kia, Hyundai vehicle theft class action lawsuit
Jun 5, 2024 · The lawsuit claims that specific Kia/Hyundai models from 2011 to 2022 lack engine immobilizers, making them prone to theft and damage. Under the settlement, the automakers will establish a Common Fund from $80 million to $145 million to cover approved claims for out-of-pocket losses resulting from thefts or attempted thefts of the affected ...
Wireless charging technology for EVs gains momentum with new …
Sep 18, 2024 · At the cutting edge of wireless charging research, Oak Ridge National Laboratory in Tennessee is developing high-speed wireless chargers capable of delivering up to 300 kW of power. These chargers could reduce EV charging times to just 15 minutes for a 90% charge. Researchers recently set a power density record with a 270 kW polyphase charger ...
CDK Global responds to cyber attacks, provides dealer support
By CBT News. June 22, 2024. The ongoing cyber attack on CDK Global underscores the growing complexity and impact of cybersecurity threats on businesses. As part of CDK Global’s ongoing response, the company has created a Dealer Resource Center (DRC) to help dealerships maintain operations while their systems are being recovered.
CBT News | Daily Newscast | Auto Industry News and Insights
GM sees EV growth amid sales dip, Port strikes threaten supply chain, VP debate tackles clean energy. CBT News - October 2, 2024. 1 2 3... 324 Page 1 of 324. Get insights and updates on automotive industry trends, dealership news, market analysis, and …
CBT News 40 Under 40 | CBT News
The CBT News 40 Under 40 honorees are rising stars in dealerships across the country who have excelled in areas such as sales, management, fixed operations, marketing, customer experience, innovation, and community service. By shining a spotlight on these exceptional individuals, CBT News aims to inspire and motivate others in the automotive industry to …
CDK Global progresses cyberattack recovery with key dealers back …
Jul 1, 2024 · CDK Global made significant strides in its cyberattack recovery efforts, bringing a second small group of dealer customers and a major public dealership group back online on June 27. The company is adopting a phased approach to restore its systems, ensuring gradual and secure reintegration. In a statement, CDK Global confirmed, “We are ...
Tesla unleashes new financing incentives to boost end-of-quarter …
Sep 17, 2024 · Tesla is ramping up its sales efforts with aggressive financing incentives as part of its routine end-of-quarter push. In a bid to boost deliveries and reduce inventory, the automaker has introduced or reintroduced various incentives across its entire electric vehicle (EV) lineup—excluding the Cybertruck.Tesla’s latest offer includes zero down payment and significantly reduced interest ...
Stellantis dealers grapple with declining sales and leadership ...
Sep 16, 2024 · In the wake of a staggering 21% drop in U.S. sales during the second quarter, Stellantis finds itself at a crossroads. Dave Kelleher, President of David Auto Group, joins us today on Inside Automotive to shed light on the challenges facing the brand and its dealers. With over 30 years in the industry, Kelleher shares an insider’s perspective on what has gone wrong and what the future holds ...