Reported 12 months ago
Ford and General Motors reported slower sales growth in the second quarter as the U.S. auto industry grapples with the aftermath of a cyberattack on CDK, which disrupted a key software system utilized by dealerships. The outage affected over 15,000 retail locations during a crucial sales period. Ford's quarterly sales increased by about 1% to 536,050 vehicles, a significant drop from the 10% growth in the previous year. However, analysts anticipate recovery in lost sales, with some sales shifting to the following quarter due to the cyberattack impact.
Source: YAHOO