Cyberattack Disrupts Operations of U.S. Car Dealerships

Money | June 21, 2024, 8:54 a.m.

The automotive industry is reeling from a cyberattack that has disrupted U.S. car sales, leaving dealerships struggling with pen-and-paper admin tasks. GM beats Toyota to regain the number-one spot in U.S. car sales, while Ford plans to take a profit hit to address quality issues. Toyota issues a stop-sale order on two SUV models due to airbag issues, affecting around 145,000 cars. American Airlines attendants are preparing for strike action as negotiations for a new contract break down. The industry faces challenges in cybersecurity and quality control, with ongoing issues expected to persist for several days. Ford's CEO expresses frustration over the constant recalls facing the company and plans to implement additional quality checks to reduce warranty costs in the long term. Overall, the automotive sector is grappling with a range of challenges that are impacting sales, profits, and customer satisfaction.