November 7, 2018 — CDK Global announced this morning it has named Brian Krzanich as president and chief executive officer, replacing Brian MacDonald. Krzanich, 58, spent 36 years at Intel, including serving as its CEO from May 2013 to June 2018. He also was named to CDK’s board of directors. Krzanich generally received high marks… Continue Reading
October 23, 2018 — Reynolds and Reynolds and CDK Global and their joint venture Computer Vehicle Registration (CVR) failed in their fourth attempt to dismiss the lawsuits alleging they engaged in several antitrust activities. Late Monday, Judge Robert Dowd in Illinois’ Northern District denied the defendant’s motions to dismiss the lawsuits filed by Motor Vehicle… Continue Reading
October 11. 2018 — While Lyft executives continue to predict the end of private ownership, the rideshare company is expanding its business into dealerships. It’s latest foray is with RedCap Technologies, which today announced the launch of a new courtesy shuttle solution leveraging Lyft’s Concierge API platform. RedCap, which was acquired by Solera Holdings earlier… Continue Reading
October 2, 2018 — The Reynolds and Reynolds Company and several dealers part of a class action lawsuit filed against the technology vendor agreed in principle last week to settle, according to a court document filed late Friday. There is no word on what the terms of the pending settlement are. A similar agreement with…
September 20, 2018 — Two years ago, Amazon launched its Amazon Vehicles page setting off a flurry of industry predictions the tech giant was preparing to upend and take over the automotive retail space. Not so fast. Amazon is preparing a huge push into automotive, but it’s not going to be in the sales and…
August 13, 2018 — Cox Automotive is announcing early Monday morning it has acquired vehicle subscription startup Clutch Technologies as part of the creation of its new Mobility Solutions Division. The moves are part of a restructuring that includes an ongoing intensive review of where its 34 brands and investments fit in its overall strategy…
August 12, 2018 — Sources have confirmed CDK Global will announce Monday morning it is partnering with ride hailing company Lyft to provide a transportation solution for dealership service departments to integrate into their loaner fleet programs. Lyft Business’ Concierge dispatch solution — already being used by approximately 300 dealerships — will be integrated into… Continue Reading
July 15, 2018 — CDK Global will announce Monday morning it is acquiring the auto retail industry’s leading customer relationship management firm ELead1One, according to several sources familiar with the deal. The acquisition checks off several boxes for CDK while filling a big product hole — a viable integrated CRM platform with significant market share.… Continue Reading
July 3, 2018 — The Banks Report has compiled a list of 32 different companies providing aspects of the digital retailing/online transaction process in the automotive industry. The list has grown since our initial report in January on digital retailing. In addition, TBR is putting together an analysis of what’s actually working on the online… Continue Reading
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.…
