Reynolds, CDK File Counter-Suits in Antitrust Litigation

Reynolds, CDK File Counter-Suits in Antitrust Litigation

July 3, 2018 — Reynolds and Reynolds and CDK Global counter-sued Authenticom last week alleging the Wisconsin-based firm participated in cyber piracy, trade secret theft and fraud. The counter-suits are the latest in an ongoing legal battle in which as many as four vendors and 25 dealers have accused Reynolds and CDK of antitrust violations.…

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Cliff Banks - The Banks Report

Audi CEO Arrested

January 18, 2018 — Audi CEO and head of Volkswagen group sales Rupert Stadler was arrested earlier this morning as part of the ongoing diesel scandal that has roiled parent company The Volkswagen Group since 2015. According to various media reports, German officials arrested Stadler at his home early Monday morning on concerns he might… Continue Reading

GAC Motor in the US? History and Timing Not on Chinese Automaker’s Side

GAC Motor in the US? History and Timing Not on Chinese Automaker’s Side

February 5, 2018 — One of the splashier stories coming out of this year’s Detroit Auto Show is the prospect of the Guangzhou Automotive Co. Group (GAC) entering the U.S. market sometime in late 2019. And in a few weeks, representatives from GAC Motor will be in Las Vegas at the National Automobile Dealers Assn.…

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CDK, Reynolds Antitrust Lawsuits Transferred to Northern District Illinois as Part of MDL

CDK, Reynolds Antitrust Lawsuits Transferred to Northern District Illinois as Part of MDL

February 1, 2018 — A judicial panel in Miami ruled this morning that five of the antitrust cases in which Reynolds and Reynolds and CDK Global are defendants will be classified under the multi-district litigation and transferred to the Northern District Court in Illinois. The panel issued the ruling after listening to oral arguments from… Continue Reading

Potential Buyers Identified as CDK Sales Process Enters Second Round

Potential Buyers Identified as CDK Sales Process Enters Second Round

January 15, 2018 — For the second time in the last week, CDK Global shares have spiked to record highs due to rumors of a potential sale. Fueling the most recent spike was chatter last week (later confirmed to TBR by sources familiar with the process) that at least three groups are submitting second round…

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Antitrust Lawsuits Potentially Headed for Multi District Litigation

Antitrust Lawsuits Potentially Headed for Multi District Litigation

January 8, 2018 — Eight of the 10 antitrust-related lawsuits filed against Reynolds and Reynolds and/or CDK Global in 2017 may be headed to multi-district litigation (MDL) this year. The cases include five dealer class action lawsuits that were filed the final two months of 2017 and three of the five third-party vendor lawsuits that…

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Cox Automotive Files Lawsuit Against CDK Global

Cox Automotive Files Lawsuit Against CDK Global

December 11, 2017 — This afternoon, Cox Automotive and several of its subsidiaries filed a $200 million lawsuit against CDK Global alleging ongoing antitrust and unlawful competition. The suit is the latest in a series of legal actions taken against CDK and Reynolds and Reynolds since February this year by competitors and dealers complaining about… Continue Reading

Injunction Vacated in Reynolds, CDK Antitrust Case

Injunction Vacated in Reynolds, CDK Antitrust Case

November 7, 2017 — Score this as a big win for Reynolds and Reynolds and CDK Global in the antitrust lawsuit filed against them by Authenticom. Late yesterday, the United States Court of Appeals for the Seventh Circuit out of Chicago vacated the preliminary injunction the lower district court in Wisconsin had awarded Authenticom in…

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Cliff Banks - The Banks Report

Sage Sells Four Dealerships in Southern CA

UPDATED — October, 21, 2017 — Last month, the Trophy Automotive Group completed the purchase of four dealerships that were part of the eight-store Sage Automotive Group in the Los Angeles, CA area. Trophy, which was started by Nasser Watar in 2014 with the acquisition of Mercedes Benz of Encino, acquired West Covina Nissan, Universal… Continue Reading