BMW of North America Reports Q1 2020 Sales Results.
WOODCLIFF LAKE, N.J.–(BUSINESS WIRE)–BMW of North America announced today Q1 2020 sales results for the BMW and MINI brands in the U.S. For the sales period ending March 31, 2020 BMW brand sales totaled 59,455 vehicles, a decrease of 15.3% vs the 70,227 vehicles sold in the same time period last year.* MINI brand sales […]
PACCAR Extends Factory Closures to April 20, 2020
BELLEVUE, Wash.–(BUSINESS WIRE)–PACCAR Inc (Nasdaq: PCAR) is providing a business update in response to recent changes in customer demand and a weaker outlook for the global economy, as a consequence of the coronavirus pandemic. The Company will extend the suspension of truck and engine production at its factories worldwide until April 20, 2020. The company […]
Ryder Enhances Liquidity with $400M Syndicated Term Loan
MIAMI–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced it entered into a new 364-day unsecured syndicated term loan (the “Term Loan”) totaling US$400 million with a syndicate of eight large financial institutions, further enhancing its liquidity position. “Execution of this new term loan […]
GM Financial to Release First Quarter 2020 Operating Results
FORT WORTH, Texas–(BUSINESS WIRE)–GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) will release its first quarter 2020 operating results on Wednesday, May 6, 2020. Management will record remarks addressing the results. This recording, along with the presentation slides and press release, will be posted to the Company’s website. Materials can be accessed via […]
The Kerrigan Index Drops to 2012 Levels as Auto Retailers Underperform in Wake of COVID-19
Crisis triggers a 47.9% decline from 52-week high in December; Kerrigan Advisors release additional insights into automotive retail ramifications IRVINE, Calif.–(BUSINESS WIRE)–#blueskyreport–Kerrigan Advisors, in the wake of the global economic shock caused by the coronavirus disease (COVID-19), has released The Kerrigan Index™ as of March 31, 2020, which is comprised of the seven publicly-traded auto […]
Ryder First Quarter Conference Call Scheduled for April 29, 2020
MIAMI–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today provided details regarding its conference call scheduled for April 29, 2020, at 11:00 a.m. Eastern Time. During the call, management will review first quarter results. The call will be webcast over the internet. What: Ryder System, […]
Facedrive Expands Green Ridesharing Network to Ottawa, Canada’s Capital
TORONTO–(BUSINESS WIRE)–#FDGiveback—Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ridesharing network, is pleased to announce its expansion to Ottawa, Ontario. Newly licenced in Canada’s capital, Facedrive is expected to offer its services to Ottawa’s residents within the next 30 days in accordance with its national and global expansion plans. Facedrive […]
Opinion: Come together, right now (over COD)
What follows is a letter I received from a well-known member of Canada’s collision sector about new cash-on-demand requirements for obtaining parts from repair facilities. As the publisher of Collision Repair, I frequently receive letters containing views that might harm the writer’s reputation to be attached to. This magazine is proud to be a platform […]
Together We Stand: Spanesi Americas teams up with Collision Industry Foundation for COVID-19 relief
Toronto, Ontario — Spanesi Americas has partnered with the Collision Industry Foundation (CIF) to provide support for the collision industry through a COVID-19 relief fund. Yesterday morning, Spanesi its “We Are the Collision Repair Industry” to show its support for the sector. The company also announced that it is asking for donations to CIF’s COVID-19 […]
Recycling Required: Dom Vetere says auto recyclers are absolutely essential
Toronto, Ontario — Dom Vetere, owner of Dom’s Auto Parts, says auto recyclers are absolutely an essential service to both the supply chain and the general public amid the COVID-19 pandemic. “The OEM and aftermarket industries are having issues with parts supply,” says Vetere. “As recyclers, we have those parts, and that enables us to […]
