CDK will have a new chief executive on Oct. 5. The company said Thursday that Sudhakar Ramakrishna will become its president and CEO, succeeding the retiring Brian MacDonald. Ramakrishna, who was most recently CEO of SolarWinds, will also become a member of CDK’s board of directors. MacDonald will serve as a senior strategic advisor to […] [Read More]

Numa has expanded through M&A. The company, which provides an artificial intelligence operating system for car dealers, said Wednesday it has acquired SocketTime, a fixed-ops software company designed to help dealers with service scheduling, advisor writeup, dispatch, technician utilization, MPI workflows, recon, and customer communication. Numa says blending its own AI agents and customer communication […] [Read More]

The latest move in this summer’s notable development push by Yotta Automated Software Solutions (YASSI) is a physical location in the Windy City. This week, the enterprise vehicle intelligence platform opened its technology innovation center in Chicago, extending the company’s investment in the infrastructure and people behind its growing national platform. Located at Two Prudential […] [Read More]

The monthly report has been the dealership cadence for decades. Pied Piper Management Co. wants to bring the information tempo into the present with the launch of Sales Lead Handling Effectiveness (LHE) and Service Scheduling Effectiveness (SSE). They’re subscription programs that use technology to make continuous monitoring and proactive alerts practical and affordable, measuring customer […] [Read More]

A trio of veteran automotive technology executives — Jason Barrie, Amit Maheshwari and Max Steckler — have teamed up to launch PromptPath, an artificial intelligence-enabled person-to-person conversation platform for the auto industry. The new platform aims to help sales, F&I and BDC teams at dealerships with customer conversations, using AI to provide real-time prompts, customer […] [Read More]

Mobility Global Inc., which launched as an independent public company on July 1, has released its financial results for the second quarter ending June 30. The company — whose core brands include IHS Markit, Polk, automotiveMastermind, Market Scan and Carfax — pulled in revenues of $468 million in the second quarter, a 7% year-over-year increase. […] [Read More]

Last month, FM Capital completed a follow-on, secondary share purchase six months after first investing in Impel because, “When we first invested in Impel, we believed they were one of the companies best positioned to lead the next phase of automotive AI.” On Tuesday, FM Capital used similar reasoning and made a strategic investment in DLRdmv, […] [Read More]

With the Presidio Group acting as exclusive financial advisor, STELLA Automotive AI on Monday announced the closing of its Series B financing round, which raised $22.1 million to accelerate commercial expansion, scale go-to-market initiatives and support continued product development. According to a news release from Presidio Group, the round was led by Maroone USA, and […] [Read More]

Lotlinx has a new president and chief financial officer. Appointed to the role is George King III, who has more than 25 years of leadership experience at Fortune 500 companies and in the global investment banking industry. His most recent post was on the executive leadership teams of both Alcoa and Carrier Global. King’s experience […] [Read More]

Yotta Automated Software Solutions (YASSI) is making a notable announcement per week nowadays. The pattern continued Monday when the provider of real-time vehicle and title data infrastructure for the automotive, insurance, and lending industries introduced VIN360. YASSI highlighted VIN360 is a new intelligence layer that can analyze the full history associated with a single VIN. […] [Read More]