business finance
CDK Dealer Outage Ends in Million-Dollar Ransom | Giga Gears
The cyberattack targeting the company that handles the financial transaction side of car buying for some 15,000 car dealers in the U.S. finally ended thanks, almost certainly to a paid ransom.
“Tesla’s Affordable Long Range Model 3 Returns | Giga Gears”
After a five-year hiatus, Tesla has brought back the long range rear-driven Model 3 electric car, and with the appropriate tax incentives, it’s actually less expensive than the standard Model 3 RWD. Tesla’s nominally least expensive car, the standard rear-wheel drive Model 3, does not qualify for any U.S. federal tax…
The Most Pointless Automotive Partnership: Giga Gears
Automakers will often team up with non- automotive companies for things like special edition cars, merch, etc. Sometimes the partnerships make sense. Remember Subaru’s L.L. Bean editions or Ford’s Eddie Bauer Explorers and Expeditions? Other times they come across as trying too hard—take Cadillac’s Bulgari…
“3 Million Cars Unsold at Dealerships | Giga Gears”
New vehicle dealer inventory once again climbed in June, with 2.96 million vehicles just sitting on lots. That works out to about a 76-day supply, and it’s up from 2.89 million vehicles a month earlier. It’s also a million more vehicles than where it was at the same time last year – 1.95 million.
“Nissan to Discontinue Altima and Versa Models: Report”
The Nissan Versa isn’t necessarily the best car you can buy, but it is a car, and with a base price of $16,680 it’s the least-expensive new car that you can buy in the United States. It’s also seen a massive increase in sales through the first half of this year, selling 61 percent more than it did in the first half of…