GPI Jul 2024 180.000 put
- Reuters
Ripple effect from CDK hack widens as more US auto dealers flag hit
AutoNation, a leading auto retailer in the U.S. said the outage was disruptive and had adversely impacted its business though its outlets remain open, continuing to sell, service, and buy vehicles. "As the incident is ongoing, the full scope, nature and impact of the incident is not yet known," AutoNation said. Both said they had taken precautionary steps to protect their data.
- Associated Press Finance
Car dealerships in North America revert to pens and paper after cyberattacks on software provider
Car dealerships in North America continue to wrestle with major disruptions that started last week with cyberattacks on a software company used widely in the auto retail sales sector. CDK Global, a company that provides software for thousands of auto dealers in the U.S. and Canada, was hit by back-to-back cyberattacks Wednesday. For prospective car buyers, that may mean delays at dealerships or vehicle orders written up by hand, with no immediate end in sight.
- PR Newswire
Group 1 Automotive Provides Statement on CDK Cybersecurity Incident
Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K., today announced that the cybersecurity incident recently experienced by third-party software provider, CDK Global LLC ("CDK"), has disrupted Group 1's business applications and processes in its U.S. operations that rely on CDK's dealers' systems.
