PACCAR Announces Change of Format for 2020 Annual Meeting of Stockholders
BELLEVUE, Wash.–(BUSINESS WIRE)–PACCAR Inc (Nasdaq: PCAR) announced today that in response to current public health guidance for COVID-19, it will hold its 2020 Annual Meeting of Stockholders in a virtual meeting format only, via live webcast. The meeting will be held on Tuesday, April 21, 2020 at 10:30 a.m. Pacific time. The Company is mailing […]
ON Semiconductor Draws Down $1.17 Billion From Its Revolving Credit Facility
Company makes the withdrawal out of abundance of caution to have access to sufficient liquidity in an uncertain macroeconomic environment PHOENIX–(BUSINESS WIRE)–ON Semiconductor Corporation (Nasdaq: ON) today announced that it has drawn down approximately $1.17 billion from its revolving credit facility. The company has no immediate use of the funds, and it has made the […]
Ally Doubles Carvana Loan Purchase Program to $2.0 Billion
PHOENIX–(BUSINESS WIRE)–Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, announced today a significant increase and extension of its current loan purchase program with Ally Financial, highlighting the deep relationship that has been built between the two companies over the past six years. Ally will provide up to $2.0 billion of […]
Ken Garff Automotive Announces Conference Call for Noteholders to Discuss 2019 Financial Results
SALT LAKE CITY–(BUSINESS WIRE)–Ken Garff Automotive, LLC announced that it will host a conference call for current noteholders, prospective qualified institutional purchasers, and the trustee to discuss 2019 financial results at 11 am MT on Monday, April 6, 2020. Instructions for the conference call will be made available to representatives of the trustee, noteholders, and […]
Zohr Helps Keep Essential Workers Safe on the Roads Amidst Coronavirus Pandemic
Company offers 50 percent off tire services for essential workers through the end of April SAN FRANCISCO & DALLAS–(BUSINESS WIRE)–Zohr, the tire shop that comes to you, is keeping essential workers safe on the roads across the states of Texas, Kansas, and Missouri in the wake of the Coronavirus outbreak. The company announced it is […]
Keysight’s 5G Test Solutions Selected by DEKRA to Create Services that Improve Safety in Human Interaction with Technology
Leading expert in testing, inspection, and certification selects Keysight solutions to expand 5G device performance and safety services SANTA ROSA, Calif.–(BUSINESS WIRE)–#5G–Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world, announced that DEKRA has selected Keysight’s end-to-end test solutions to […]
Ford Works With 3M, GE, UAW to Speed Production of Respirators for Healthcare Workers, Ventilators for Coronavirus Patients
Ford is working with 3M to manufacture at scale Powered Air-Purifying Respirators (PAPRs). Ford and 3M are collaborating on the new design leveraging parts from both companies to meet urgent demand for first responders and health care workers; Ford is exploring production of the new PAPR in a Ford facility in addition to 3M production […]
REV Group Appoints Kent Tyler as New Fire Division President
MILWAUKEE–(BUSINESS WIRE)–REV Group Inc. (NYSE: REVG), manufacturer of industry-leading specialty vehicles, announces Kent Tyler will re-join the company as Fire Division President on Tuesday, March 24, 2020, replacing Dan Peters. Kent will oversee all the fire brands including E-ONE, KME, Ferrara, Spartan, Smeal and Ladder Tower. Kent will be based in Ocala, Florida, home of […]
One Million Masks: Industry calls on businesses to provide face masks for medical staff
Toronto, Ontario — Aftermarket organizations from coast to coast are calling on Canada’s automotive industry to step up and provide support by donating face masks to those on the front lines of the coronavirus crisis. On Tuesday morning the APMA morning launched what it calls the One Million Mask Challenge. It’s asking its members—of which […]
Text-stimations: Businesses pursue remote estimation techniques amid COVID-19
Toronto, Ontario — As COVID-19 continues to grip the industry, autobody facilities have been pursuing remote estimations techniques to drive in business—and promote social distancing. Social distancing may seem threatening for your business, but it actually isn’t too difficult to perform a contactless repair for your customer. A few minor adjustments may have be to […]
