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An exploded bridge, a car dealership cyberattack, and Boeing’s slow CEO search: Business news roundup

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business new tamfitronics Image for article titled An exploded bridge, a car dealership cyberattack, and Boeing's slow CEO search: Business news roundup

Image: skynesher (Getty Images), Photo: Samuel Corum (Getty Images), Rebecca Noble (Getty Images), Lewis Joly (AP), Scott Olson (Getty Images), Justin Sullivan (Getty Images), Robert Alexander (Getty Images), Illustration: Leon Neal (Getty Images)

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business new tamfitronics Car dealerships across North America have been struggling after system provider CDK Global was hit by back-to-back cyberattacks.

Car dealerships across North America have been struggling after system provider CDK Global was hit by back-to-back cyberattacks.
Image: skynesher (Getty Images)

CDK Global has been forced to shut down its dealership management for the second day in a row after being struck by back-to-back cyberattacks.

CDK, which serves almost 15,000 car dealerships across North America, was first hit by an attack early Wednesday morning. That forced it to shut down its systems, which are relied on by dealerships to conduct most of their routine business. Later on Wednesday evening, a second “cyber incident” occurred, according to a message to customers viewed by Automotive News.

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business new tamfitronics A Boeing building

A Boeing building
Photo: Samuel Corum (Getty Images)

business new tamfitronics Joe Biden is blurry in the foreground standing behind a podium with a partial presidential seal while a sign that says Project Funded By President Joe Biden's CHIPS and Science Act is clear behind him

U.S. President Joe Biden at Intel Ocotillo Campus on March 20, 2024 in Chandler, Arizona.
Photo: Rebecca Noble (Getty Images)

business new tamfitronics home page for the OpenAI

Illustration: Leon Neal (Getty Images)

The release of ChatGPT, a generative artificial intelligence chatbot, launched a race among tech companies to develop more powerful competitors. Since November 2022, the AI market has been flooded with models from tech giants such as Microsoft and Google, as well as startups including Anthropic and Perplexity.

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business new tamfitronics An Embraer plane

An Embraer plane
Photo: Lewis Joly (AP)

A possible competitor to Boeing and Airbus continues to bide its time.

Reuters reports that Brazilian planemaker Embraer is relishing the possibility of taking a little business from the commercial airline duopolists while they struggle to fill orders from their airline customers. The outlet says CEO Francisco Gomes Neto told reporters at the company’s headquarters that he thinks his planes would be a “great solution” for carriers in a bind because it can build jets more quickly.

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business new tamfitronics The Hertz logo

The Hertz logo
Photo: Scott Olson (Getty Images)

Hertz is raising the better part of a billion dollars to refresh its fleet and shore up its balance sheet. In a regulatory filing with the Securities and Exchange Commission, the rental car company said Thursday that it will be selling $750 million in debt to those ends.

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business new tamfitronics Jensen Huang standing behind two chip platforms

Nvidia CEO Jensen Huang during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California.
Photo: Justin Sullivan (Getty Images)

Nvidia, Apple, and Microsoft battle it out to be the most valuable company in the world

Nvidia recently joined Microsoft and Apple in the $3 trillion market cap club before passing both and then retreating in afternoon trading

business new tamfitronics A Southwest Airlines emblem

A Southwest Airlines emblem
Photo: Robert Alexander (Getty Images)

Another Southwest Airlines-operated Boeing plane was involved in a serious mid-air incident. Sky News reports that a 737 Max 8 being flown by the carrier came within 400 feet of running into the Pacific Ocean during a flight in Hawai’i.

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