CDK Global likely paid a hacker group around $25 million in ransom June 21 to address the cyberattacks that led to significant software outages across the car dealer industry, CNN reported.
Forvia says its flexible, automated door panel manufacturing lines at plants in Michigan and Tennessee give the French supplier a giant leg up on its competition.
Pulte Homes and partner Sun Terra Communities have paid $90 million for 549 acres of residential land in Wellness Way, making it the most expensive land deal ever in Lake County, according to Lake Property Appraiser Carey Baker.
The Atlanta-based homebuilder closed its purchase of the residential portion of the 840-acre Schofield master-planned community in two transactions. It purchased a future Del Webb community for $37.5 million and partnered with Sun Terra on a $52.5 million deal to landbank the rest of the property, which will be home to an all-ages residential community, according to a report in GrowthSpotter.
Max Perlman, Pulte Vice President of Land Acquisition, told GrowthSpotter the goal is to break ground before the end of the year with sales to begin in late 2025. The nation’s third largest homebuilder hasn’t named the all-ages community yet, but Perlman said it will be different from Pulte’s nearby Parkside Trails community on Wellness Way Boulevard.
“Both the Del Webb and primary offerings at Schofield will have lifestyle centered around Lake Adain, which will offer kayaking, paddle boarding and a lakefront lifestyle, which will be unique to other new home communities in the area,” he said. “Both the Webb and Pulte branded communities will have amenity buildings on Lake Adain that add to this lifestyle as well as offering lakefront homesites, which will not be offered at Parkside Trails.”
As dealer profits fallfrom pandemic highs, a growing number of retailers are considering a controversial tactic to help offset one of their top monthly costs: surcharges on credit card transactions in the service lane.
Stellantis NV has filed another lawsuit against a parts supplier over a pricing dispute, this time targeting the manufacturer of fuel tanks for the Chrysler Pacifica minivan.
The automaker sued Quebec-based Spectra Premium Mobility Solutions Ltd. earlier this month after the supplier threatened to stop shipping fuel tanks for the plug-in hybrid minivan, which would shut down production at Windsor Assembly Plant, according to the lawsuit filed in Oakland County Circuit Court.
Stellantis said its supplier demanded a 12.5% price increase retroactive to Jan. 1 or it would withhold parts. The automaker was set to run out of fuel tanks late last week, which would bring the line to a halt. An Oakland County judge denied the automaker’s request for a temporary restraining order that would have forced the supplier to keep shipping parts at contract price.
It is unclear to what extent, if any, production has been impacted at the plant, which produces 350 minivans per week and is aiming to scale up to 750 per week in the second half of the year, per the lawsuit.