Creditors to the company have broken into factions as the software provider struggles with its $5.5 billion debt load.

Management and some creditors of CDK Global are in discussions to cut the software firm’s interest costs through a below-par debt exchange, according to people familiar with the situation.

Add Yahoo as a preferred source to see more of our stories on Google. CDK Global, a major car dealership software company utilized by thousands of dealers nationwide, is picking up the pieces after a ...

A group of hackers claiming responsibility for a cyberattack on CDK's software systems has demanded millions of dollars in ransom to put an end to the hack, which affected auto dealers across the ...

The CDK Global cyberattack is expected to cut auto dealerships' vehicle sales in June down by about 100,000, or more than 7%, compared with the same period in 2023. The projected decrease is not ...

(Reuters) -Retail technology and software provider CDK Global has begun work to restore systems used by over 15,000 retail locations across North America, the company said in a statement on Sunday, ...

CDK Global said Wednesday that it has been able to bring a “small initial test group” of car dealerships back online, a week after a crippling software outage left thousands of car sellers across ...

CDK Global, in a note to customers, for the first time referred to the crippling cyberattacks that began June 19 as a ransom event and told dealers the restoration process for its systems was underway ...

Auto retailers are likely to be without software services used to run dealerships for several more days following a second major cyberattack at CDK Global, whose systems first went down on June 19.

CDK Global told its car dealership clients Tuesday that the suite of software tools powering their businesses will likely not be fully functional for the remainder of the month after the company was ...

Creditors to the company have broken into factions as the software provider struggles with its $5.5bn debt load ...