Important Update for Snap-on Incorporated’s 2020 Annual Meeting of Shareholders
Snap-on to hold virtual annual meeting on Thursday, April 23, 2020, at 11:30 a.m. Central Time KENOSHA, Wis.–(BUSINESS WIRE)–Snap-on Incorporated (NYSE: SNA) announced today that due to the public health impact of the coronavirus (COVID-19) and to support the health and well-being of its shareholders, associates, retirees and franchisees, as well as their families and […]
Ryder Further Enhances Its Liquidity Position With $400M Public Bond Offering
MIAMI–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced it has issued $400 million of senior unsecured medium-term notes due June 2025. The transaction closed today, April 6, 2020. The company will use the proceeds from the offering for working capital and other general […]
TTN Fleet Solutions – Offers Decontamination Services to Fleets
ARGYLE, Texas–(BUSINESS WIRE)–#Maintenance–As the trucking industry ramps up its essential service to consumers, health and safety concerns loom large for drivers on the road and the logistics professionals that must keep freight moving, despite the proven benefits of social distancing. As of April 6th, more than 330,000 COVID-19 cases have been confirmed in the United […]
Hagens Berman: Toyota Hit with Class-Action Lawsuit for Brake Defect Affecting Prius, Camry and Avalon Hybrid Models
Law firm representing owners of vehicles suffering from “dangerous defect” in nationwide lawsuit CINCINNATI–(BUSINESS WIRE)–$TM #autonews—Owners of Toyota vehicles today hit the automaker with a class-action lawsuit regarding a brake defect affecting hundreds of thousands of its Avalon, Camry and Prius models, according to attorneys at Hagens Berman. If you own a 2010-2015 Prius or […]
Carvana Gives Customers 90 Days to Make First Loan Payment
Carvana Provides Financial Assistance When Customers Need it Most PHOENIX–(BUSINESS WIRE)–Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, in an effort to provide customers more flexible financing options during this difficult time, is now giving customers up to 90 days to make their first payment. Carvana provides customers with an […]
HyreCar Provides Business Update and Indication of First Quarter 2020 Revenue
Revenues Estimated Between $5.5 – $5.6 Million as Quarterly Rental Days Top 229,000; and the Platform Transitions Drivers to Delivery Services LOS ANGELES–(BUSINESS WIRE)–HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing, food, and package delivery services, today announced preliminary results for the first quarter ended March 31, 2020. First-quarter revenues are expected to be […]
American Family Insurance to Return $200 Million in Premium to Auto Customers
Wisconsin customers will receive checks in mid-April, other states to follow MADISON, Wis.–(BUSINESS WIRE)–As the COVID-19 pandemic continues to dramatically alter driving habits and create financial uncertainty for individuals and families across the country, American Family Insurance will return approximately $200 million to its auto insurance customers. “American Family Insurance is doing this out of […]
Essential Updates: Collision repair remains essential on Ontario’s refined list
Toronto, Ontario — On Apr. 3, Ontario’s provincial government refined its list of essential businesses allowed to operate amid the COVID-19 pandemic. Collision repair facilities and their correlated supply chains remain essential services in the province. All businesses not covered by the updated Emergency Order were forced to close their doors as of Sat., Apr. […]
Seeking Substitutes: Industry should seek alternative respiratory PPE amid COVID-19
Toronto, Ontario — As 3M ramps up its production to nearly 100 million N95 respirators per month to serve medical workers on the front lines of the crisis, the company is suggesting bodyshops seek alternative masks. As masks for the automotive aftermarket dwindle, it is recommended that collision repairers seek alternative respirators. According to a […]
Tuesday Ticker: April 7, 2020
Toronto, Ontario — As investor optimism rises around the globe, some areas of the auto aftermarket appear to be surging faster than others. Charging bulls Optimistic investors have poured money into ailing stock markets after better-than-expected Coronavirus news. On Monday, April 6, the rates of deaths caused by the Coronavirus dropped slightly in hotspot areas, […]
