cyber
confidence high
sentiment negative
materiality 0.60
Penske Automotive Group reports CDK cyber incident disrupting Premier Truck Group
PENSKE AUTOMOTIVE GROUP, INC.
- CDK Global dealer management systems inoperable since June 19 due to cybersecurity incident.
- PAG's Premier Truck Group (48 locations in 11 US states and 2 Canadian provinces) uses CDK and is disrupted.
- PAG took containment steps and investigation is ongoing; PTG operates via manual/alternate processes.
- PAG's automotive dealerships (US and international) do not use CDK and are unaffected.
- PTG sells Freightliner/Western Star trucks; lower unit volumes than automotive segment.