Test Drives to Oil Changes: MN Auto Dealer Launches Home Delivery Program
Walser Automotive Group Rolls Out House Calls for Car Buying Amid Coronavirus Outbreak MINNEAPOLIS–(BUSINESS WIRE)–#AutoNews–Amid shutdowns and social distancing, a Minnesota-based automotive group is pivoting to redefine the car buying process. This week, Walser Automotive Group launched Walser To You, a home delivery program offering customers the option to buy, test drive, trade in, and […]
Oshkosh Corporation addresses COVID-19 impact
OSHKOSH, Wis.–(BUSINESS WIRE)–$OSK–Oshkosh Corporation (NYSE: OSK), a leading innovator of mission-critical vehicles and equipment, announced actions today in response to the impact of the COVID-19 pandemic. Broad measures taken by governments, businesses and others across the globe to limit the spread of the virus are adversely affecting the Company and its customers and suppliers. “A […]
REV Group Announces Leadership Change Effective Immediately
Board Appoints Rod Rushing as CEO as Tim Sullivan Departs MILWAUKEE–(BUSINESS WIRE)–REV Group, Inc. (NYSE:REVG), a leading manufacturer of specialty vehicles announced today that Timothy Sullivan is departing as CEO and as a member of the Board of Directors. Replacing Mr. Sullivan, the board of directors appointed Rodney N. Rushing as Chief Executive Officer effective […]
Superior Affirms Strong Liquidity Position and Provides Update Regarding COVID-19
SOUTHFIELD, Mich.–(BUSINESS WIRE)–Superior Industries International, Inc. (NYSE:SUP), one of the world’s leading aluminum wheel suppliers, today provided a business update regarding COVID-19, and its impact on the automotive industry and Superior’s operations. The impact from the COVID-19 pandemic has driven unprecedented market volatility over the last several weeks and is having a widespread adverse effect […]
Polaris Provides Business Update Related to COVID-19
Temporary Suspension of Operations in Select Powersports Manufacturing Facilities Expanded Dealer Support Programs Increased Cash Position to Maintain Financial Strength and Flexibility Withdraws First Quarter and Full Year 2020 Financial Guidance MINNEAPOLIS–(BUSINESS WIRE)–Polaris Inc. (NYSE: PII) is today providing an update on its business and the actions the Company is taking in response to the […]
Cooper Tire Announces Temporary Shutdown of Manufacturing Facilities in Europe
FINDLAY, Ohio–(BUSINESS WIRE)–Cooper Tire & Rubber Company (NYSE: CTB) today announced that its tire manufacturing facilities in Europe will temporarily shut down to protect the health and safety of employees and respond to market demand that has been impacted by coronavirus. The process of phasing down production at the two plants, which are located in […]
Ford Temporarily Suspends Production in India, South Africa, Thailand and Vietnam in Response to Coronavirus
Vehicle and engine temporary production suspension began at Ford’s International Markets Group (IMG) manufacturing sites Saturday, March 21 Production suspensions will vary market by market; expected to last a number of weeks depending on pandemic situation, national restrictions, supplier constraints and dealer stock requirements Ford continues to prioritize the safety of its employees and reducing […]
Statement on Faraday Future Founder Yueting Jia’s Individual Bankruptcy Restructuring Entering Into Plan Voting Process
The United States Bankruptcy Court Approval of Disclosure Statement and Entering into Plan Voting Process LOS ANGELES–(BUSINESS WIRE)–Faraday Future (FF), a California-based global intelligent mobility company, today announced that Yueting Jia (YT), the Founder and CPUO of Faraday Future (FF), has achieved very positive results at the hearing held by the United States Bankruptcy Court […]
Tuesday Ticker: March 23, 2020
Toronto, Ontario — In this week’s Tuesday Ticker, OEMs impact Axalta, Tesla skips the sick days and KAR Auction Services slips-up. Reassessing Axalta Auto coatings giant Axalta’s shares are trading at just half of their mid-February point. As of March 22, the market was prepared to pay less than $15 U.S. for the stock. On […]
