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CDK - 3 “ - 2 it’s - 2 Lisa Finney - 2 aren’t - 2 Jeff Ramsey - 2 ” - 2 Brian Benstock - 2
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CDK - 3 CNN - 2 Ourisman Auto Group - 2 Paragon Honda - 2 Paragon Acura - 2 BMW Group - 1 BMW North America - 1 National Automobile Dealers Association - 1

Search resuls for: "CDK"


11 mentions found


☆ CDK's cyber outage hits U.S. auto dealers for second day in a row
  + stars: | 2024-06-21 | by ( ) www.cnbc.com   time to read: +1 min
A cyber outage at retail technology and software provider CDK entered its second consecutive day on Thursday, impacting automobile dealers across the United States, the affected companies said on Thursday. "The CDK outage is impacting automotive dealerships across the U.S. and Canada, including a portion of BMW Group dealers," a spokesperson for BMW North America told Reuters. CDK told Reuters it was working to reinstate its services and get its dealers back to business "as quickly as possible". The company, which provides software to car dealerships, briefly shut down all its systems on Wednesday, saying it was investigating a cyber incident. Investment firm Brookfield Business Partners bought CDK in April 2022 for $6.41 billion in a cash deal, taking the last major publicly traded provider of software to auto dealers and manufacturers private.
Persons: CDK, Holman Organizations: CDK, BMW Group, BMW North America, Reuters, National Automobile Dealers Association, Privately, Investment, Brookfield Business Partners Locations: United States, Canada, CDK
☆ CDK cyberattack hits U.S. auto dealers for third day in a row
  + stars: | 2024-06-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCDK cyberattack hits U.S. auto dealers for third day in a rowCNBC's Eamon Javers joins 'Squawk on the Street' with the latest news.
Persons: Eamon Javers
☆ Fmr. NSA hacker weighs in on CDK's plan to pay ransom in cyberattack that shut down car dealerships
  + stars: | 2024-06-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. NSA hacker weighs in on CDK's plan to pay ransom in cyberattack that shut down car dealershipsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Brian Sullivan, “ Organizations: NSA, CNBC Locations: cyberattack
☆ Can I even buy a car? What to know about the massive auto dealer outage
  + stars: | 2024-06-21 | by ( Ramishah Maruf | Peter Valdes-Dapena | ) edition.cnn.com   time to read: +5 min
New York CNN —CDK Global is ubiquitous in the auto dealership world – its software is used at 15,000 dealers. Here’s what the CDK Global outage means for both car sellers and shoppers. Post Memorial Day, “this presents increased opportunities for vehicle sales, service and, of course, revenue. It also means that it’s time to roll out your summer Sales and Service marketing campaigns.”Can I still buy a car? Ford also said its dealerships involved in the CDK outage have alternate ways to take care of customers.
Persons: There’s, it’s, CDK, Lisa Finney, ” Finney, aren’t, Jeff Ramsey, ”, Brian Benstock, Ramsey, Ford, ” Ford Organizations: New, New York CNN, CDK Global, CNN, Service, Ourisman Auto Group, Paragon Honda, Paragon Acura, Kia, Toyota, Dodge, Lincoln Locations: New York, United States, Canada, Maryland, Long Island City , New York, Ford
☆ Cyberattacks Disrupt Car Sales by Dealers in U.S. and Canada
  + stars: | 2024-06-21 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com   time to read: 1 min
Thousands of auto dealers across the United States and Canada are suffering disruptions to their operations as a result of cyberattacks on a provider of critical software and data services used in auto retailing. The provider, CDK Global, said it was targeted in two attacks on Wednesday, prompting the company to shut down its systems to prevent the loss of customer data and to allow testing and other measures to restore its services. “We are assessing the impact and providing regular updates to our customers,” CDK Global said in a statement. “We remain vigilant in our efforts to reinstate our services and get our dealers back to business as usual as quickly as possible.”CDK provides services to more than 15,000 retail locations. Its dealer management systems store customer records and automate much of the paperwork and data involved in selling and servicing cars and trucks.
Persons: ” CDK Organizations: CDK, ” Locations: United States, Canada
☆ Car dealerships hit with massive computer system outage
  + stars: | 2024-06-19 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +2 min
“We are actively investigating a cyber incident,” CDK spokesperson Lisa Finney said in a statement shared with CNN. To protect customer privacy, customer’s details aren’t written out on a piece of paper that’s just sitting on the desk anymore. Instead, information about deals and customer appointments is kept in a server that’s now impossible for his salespeople to access. But it’s a major hassle in the meantime and could cost his dealerships some business. A statement shared by CDK later in the afternoon said some of the company’s system had been restored to operation but not all of them, yet.
Persons: ”, Lisa Finney, CDK, it’s, Jeff Ramsey, aren’t, Ramsey, “, ” Ramsey, Brian Benstock, he’s Organizations: CNN, CDK, Ourisman Auto Group, Paragon Honda, Paragon Acura Locations: Canada, Maryland, Long Island City , New York
☆ This little-known oncology stock could jump more than 70%, Citi says
  + stars: | 2024-01-30 | by ( Pia Singh | ) www.cnbc.com   time to read: +2 min
Olema Oncology could be a standout player in developing therapies for women's cancers, particularly in breast cancer, according to Citi Research. The stock was flat in trading on Tuesday, but has fallen more than 16% so far this year. Last year, Olema shares soared more than 470% as the company released a series of positive updates, particularly about its lead investigational oncology drug palazestrant , Nochomovitz said. "We believe palazestrant has emerged as a highly promising CERAN/SERD with opportunities across multiple lines of ER+ breast cancer," Nochomovitz wrote in a Tuesday note. CDK4/6 inhibitors are drugs that are used to treat metastatic breast cancer, or advanced stage IV breast cancer, which has spread to other organs in the body far from the breast.
Persons: Yigal Nochomovitz, Olema, Nochomovitz, Palazestrant, palazestrant, ribociclib Organizations: Oncology, Citi Research, FDA
☆ Auto execs still don't think the Tesla sales model will catch on
  + stars: | 2023-08-09 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +5 min
Most automakers sell cars with a traditional franchise model, while Tesla sells direct-to-consumer. Auto executives still don't think the Tesla sales model will catch on — despite some pretty substantial shifts in the auto retail space already taking place. Automaker demands put some dealers on the chopping blockBut it's been a huge debate in the industry as auto dealers are a strong lobbying force, so much so that Florida Gov. Ron DeSantis banned direct-to-consumer car sales in the state, with the exception of Tesla and EV startups that never had franchised dealers. Kerrigan experts have suggested this might be one way auto manufacturers are attempting to push out their dealerships amid the EV transition.
Persons: Tesla, Kerrigan, Jim Farley, Ron DeSantis, —, Jessica Caldwell, Edmunds, Dave Thomas Organizations: Morning, Auto, Kerrigan Advisors, EV, Reuters, Florida Gov Locations: Florida
☆ Car dealers fight the threat of extinction as the Teslafication of their industry intensifies
  + stars: | 2023-03-24 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +7 min
The modern car shopping experience, from initial research to final purchase, can now be done online — and the pandemic accelerated that shift. Others are emulating firms like Carvana and moving some parts of the buying process online. We don't exactly know how the car business is going to look going forward with this EV shift, and how much the EV shift is actually going to take place." Ford has set stringent requirements for its dealers to sell EVs — though some dealers have called its EV certification program unfair and dropped out. Some dealers are having a hard time committing to changes when the return on investment — especially with EVs — isn't yet clear.
☆ France's Kurds gather to protest after Paris killings
  + stars: | 2022-12-24 | by ( ) www.reuters.com   time to read: +2 min
A gunman carried out the killings at a Kurdish cultural centre and nearby cafe on Friday in a busy part of Paris' 10th district. Friday's murders caused particular dismay in the Kurdish community as it prepared to commemorate the 10th anniversary of the killings of three Kurdish women in Paris. "The Kurdish community is afraid. It needs answers, support and consideration," David Andic, a lawyer representing the CDK-F told reporters on Friday. Paris' police chief was due to meet members of the Kurdish community on Saturday morning ahead of the afternoon protest.
☆ Limiting volatility has driven Clarkston Founders fund to outperform in 2022
  + stars: | 2022-12-12 | by ( Alex Harring | ) www.cnbc.com   time to read: +4 min
The Clarkston Founders Institutional Fund has always tried to avoid volatility. The Founder's Fund has lost about 2.8% in 2022, notably outperforming other mid-cap value funds, which are down an average 7.2%, and a Morningstar benchmark index, which is lower by 5.6%, all through Dec. 9. As a result, the $610-million fund has a below average beta — a measurement of volatility relative to the broad market — of 0.85, according to Morningstar, versus 1.08 for all mid-cap value funds. The fund ranks in the 15th percentile of all mid-cap value funds in 2022, and is in the 23rd percentile over the past five years. Clarkston's investment policy emphasizes what it calls "quality value" stocks, regarded as high quality and considered undervalued relative to their long-term cash flows.
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