Lithia Motors promotes Adam Chamberlain to COO, Chris Holzshu still EVP
Lithia Motors promoted Chief Customer Officer Adam Chamberlain to COO and returned COO Chris Holzshu to solely an executive vice president role, the company said Aug. 1.
Mobileye slashes annual forecasts on uncertain demand; shares fall
Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand for its driver-assistance chips in China, even as it recovered from a sales slump brought on by a global auto inventory glut.
Credit Acceptance posts Q2 net loss of $47.1 million as auto lender revamps cash flow forecasting
The average Credit Acceptance second-quarter auto loan financed $26,816 in principal and interest, paid the dealership a $12,278 advance and was slated to run for 61 months.
Russia releases former BorgWarner exec Paul Whelan and Wall Street Journal reporter in multinational prisoner swap
Whelan, a former Marine and BorgWarner manager, was arrested in Moscow in December 2018. He was found guilty of spying in 2020 and sentenced to 16 years in prison in 2020.
OneBlood ransomware attack again shows how vulnerable we are to cyber disruptions
OneBlood, a prominent nonprofit blood collection and distribution business that serves South and Central Florida, is the latest large business to fall victim to cyber insecurity as it came under an attack from an unidentified ransomware actor that stole its information.
The company, which serves more than 350 hospitals in 31 Florida counties including the tri-county region, as well as in Alabama, Georgia and North and South Carolina, announced Wednesday that its data system had been invaded, effectively slowing the nonprofit’s blood collection and distribution system in the Southeast.
Susan Forbes, who heads corporate communications, told the South Florida Sun Sentinel the intrusion was discovered on Monday and OneBlood immediately contacted the FBI and the Food and Drug Administration, which is its primary regulatory agency. Those agencies are among a large group of state and local organizations that are helping to troubleshoot the intrusion and help the organization recover.
“OneBlood takes the security of our network extremely seriously,” Forbes said in a statement. “Our team reacted quickly to assess our systems and began an investigation to confirm the full nature and scope of the event. Our comprehensive response efforts are ongoing and we are working diligently to restore full functionality to our systems as expeditiously as possible,”