TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%
TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%
TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%


CDK Global

The cyber attacks on CDK Global have severely impacted trust within the automotive industry. Jonathan Dawson joins us to explain.

Cyberattacks shatter trust and disrupt dealership operations – Jonathan Dawson

- June 24, 2024
Continuing our coverage of CDK’s cyberattacks is Jonathan Dawson, Founder and President of Sellchology Sales Training and host of CBT’s Mind Your Own Business.  Takeaways  The cyber attacks on CDK Global...
Event Coverage Featured
Greenfield stressed the importance of increased caution and enhanced cybersecurity measures in the automotive sector.

Cyberattacks highlight critical need for robust cybersecurity in auto industry – Steve Greenfield

- June 24, 2024
As the restoration process begins at CDK Global, what could these cyberattacks mean for the industry moving forward? Steve Greenfield, the CEO and founder of Automotive Ventures and Host of...
Event Coverage Featured
The interview with Tekion's CEO, Jay Vijayan, sheds light on crucial insights regarding cybersecurity challenges in the automotive technology sector.

Tekion CEO Jay Vijayan emphasizes cybersecurity vigilance and customer trust amid industry cyberattacks

- June 24, 2024
Just last week, cyberattacks at retail technology and software provider CDK Global impacted thousands of dealerships across the country. Today we're joined by Jay Vijayan, founder and CEO of Tekion,...
Event Coverage Featured
Retail technology and software provider CDK Global is actively working to restore systems used by over 15,000 retail locations nationwide.

CDK Global restoring systems after cyber incident disrupts over 15,000 retail locations

- June 24, 2024
Retail technology and software provider CDK Global is actively working to restore systems used by over 15,000 retail locations across North America. The company announced on Sunday that it expects...
Headlines Event Coverage
Explore the aftermath of CDK Global's cyberattack on dealerships, highlighting the importance of analog resilience amidst digital dependency

Embracing analog resilience in a digital world: Lessons from CDK Global’s cyberattack

- June 24, 2024
When you thought you had everything figured out in customer marketing, communication, and sales, a curveball comes your way. As reported in Automotive News, a cyberattack took down CDK Global’s dealership...
Articles Event Coverage
The ongoing cyber attack on CDK Global underscores the growing complexity and impact of cybersecurity threats on businesses

CDK Global responds to cyber attacks, provides dealer support

- 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...
Headlines Event Coverage
A group claiming responsibility for hacking CDK Global is demanding tens of millions of dollars in ransom, according to Bloomberg.

Hackers demand ransom from CDK Global amid ongoing cyberattack disruption, report says

- June 22, 2024
A group claiming responsibility for hacking software company CDK Global is demanding tens of millions of dollars in ransom, according to Bloomberg. CDK is reportedly considering paying the ransom, though...
Headlines Event Coverage
Cyberattacks on CDK Global have severely impacted auto dealerships across the U.S., making it nearly impossible for dealers to process sales.

Cyberattacks cripple U.S. auto dealerships.

- June 21, 2024
Cyberattacks on CDK Global, a major software provider for the automotive industry, have severely impacted auto dealerships across the U.S., making it nearly impossible for dealers to process sales. According to...
Headlines Articles
CDK Global, a leading provider of dealership management systems and digital retailing solutions, is grappling with a cybersecurity crisis.

CDK Global cyberattack disrupts auto dealerships for third day

- June 21, 2024
CDK Global, a leading provider of dealership management systems and digital retailing solutions, is grappling with a significant cybersecurity crisis. The company initially shut down its systems Tuesday, June 19...
Headlines Event Coverage
CDK Global halted operations due to a cyberattack, Ford updated its dealership program, and UAW workers approved new contracts.

Weekly roundup: CDK Global cyberattack disrupts 15,000 dealerships, U.S. trade groups seek extension on Chinese tariffs, Ford updates dealership program

- June 21, 2024
Earlier this week: CDK Global halted operations due to a cyberattack affecting over 15,000 dealerships. A coalition of American business groups requested the Biden Administration to extend the comment period....
Articles Daily Automotive News

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Stellantis to prioritize four core brands in turnaround strategy, sources say The automaker plans to shift funding toward Jeep, Ram, Peugeot, and Fiat while maintaining its broader portfolio. On the Dash: Expect increased product investment and marketing support for Jeep, Ram, Peugeot and Fiat. Regional and niche brands may see reduced volume but more targeted positioning and shared platforms. Platform-sharing and rebadging strategies could affect inventory mix and model differentiation. Stellantis will concentrate most of its investment on four core brands as CEO Antonio Filosa pushes a turnaround strategy set for release May 21, according to a Reuters exclusive. The automaker has identified Jeep, Ram, Peugeot, and Fiat as its priority brands. It will allocate a “material increase” in funding to them, driven by their stronger global sales and profitability, marking a shift away from the company’s previous approach of distributing investment more evenly across its portfolio. Sign up for CBT News’ daily newsletter and get the latest industry stories delivered straight to your inbox. Stellantis will retain its 14-brand lineup, the largest in the industry, and will not shut down underperforming marques. Instead, the company will reposition secondary brands such as Citroën, Opel and Alfa Romeo to operate in regional or niche roles. These brands will rely on shared platforms and technology developed by the core brands while maintaining distinct styling and market identity. The strategy comes as Stellantis works to regain market share in the United States and Europe while facing growing competition from Chinese EV makers. The company earlier reported a 22.2 billion-euro charge tied to scaling back its EV plans, underscoring the urgency of the strategic shift. Its market valuation has also declined significantly in recent months. To support the transition, Stellantis will expand its use of shared “multi-energy” platforms that support electric, hybrid and internal combustion (ICE) vehicles. Additionally, the company is evaluating rebadging strategies and joint development programs, including collaborations with its Chinese partner, Leapmotor. Executives and investors backing the plan expect the increased focus on core brands to improve efficiency and strengthen financial performance. Analysts say Stellantis could still consider further consolidation if results fall short of expectations. Meta description (140 characters) Stellantis to boost funding for Jeep, Ram, Peugeot and Fiat, shifting strategy while maintaining its 14-brand global portfolio.
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