IDEX Corporation Announces Pricing of Public Offering of Senior Notes
LAKE FOREST, Ill.–(BUSINESS WIRE)–#ImprovingLives–IDEX Corporation (NYSE: IEX) today announced the pricing of its public offering of $500.0 million principal amount of 3.0% Senior Notes due 2030. The notes will be senior obligations that rank equally with all of IDEX’s other senior unsecured indebtedness. Closing of the offering is expected to occur on April 29, 2020, […]
VSE Corporation Announces $26.6 Million Order
ALEXANDRIA, Va.–(BUSINESS WIRE)–VSE Corporation (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets in the public and private sectors, today announced a one-time $26.6 million order for COVID-19 related supplies for a United States government customer in conjunction with ongoing efforts to respond to the global […]
PPG Reports First Quarter 2020 Financial Results
First quarter net sales of about $3.4 billion, approximately 7% lower than the prior year and down nearly 5% in constant currencies First quarter reported earnings per diluted share (EPS) of $1.02 and adjusted EPS of $1.19 Net sales and EPS includes an estimated unfavorable impact from the effects of the COVID-19 pandemic of approximately […]
Shiloh Industries Honored in Inaugural PACEpilot Awards
PLYMOUTH, Mich.–(BUSINESS WIRE)–Shiloh Industries (NASDAQ: SHLO), an environmentally focused global supplier of lightweighting, noise and vibration solutions, has been named a 2020 Automotive News PACEpilot honoree for its innovative aluminum laser welding technology. The PACEpilot program, part of Automotive News’ prestigious annual PACE awards, recognizes innovations from suppliers for game-changing technologies. “Shiloh’s proprietary laser welding […]
Kerrigan Advisors Offers Financial Restructuring & Turnaround Services to Auto Dealers
Team leverages turnaround experience gained during Great Recession to help dealerships survive in wake of COVID-19 IRVINE, Calif.–(BUSINESS WIRE)–Kerrigan Advisors, in the wake of the global economic shock caused by the new coronavirus (COVID-19), has added confidential financial restructuring and turnaround services for auto dealerships to its consulting practice. The Kerrigan Advisors team’s deep experience […]
AYRO Announces Third Quarter European Market Expansion with Strategic Partner Club Car
AUSTIN, Texas–(BUSINESS WIRE)–$DCAR #automotive–AYRO, Inc., (www.ayro.com) designer and manufacturer of purpose-built compact, light-duty emissions-free electric vehicles for urban, commercial, consumer and government markets, announces the company’s planned 2020 third quarter expansion into the European market. The all-electric Club Car 411 utility trucks would be the first AYRO-built sustainable vehicles to be exported to Europe, now […]
Telenav Software Attains Automotive SPICE Level 2 Certification
Achievement Recognizes Company’s Commitment to Ensuring Software Reliability, Robustness, and Ongoing Quality SANTA CLARA, Calif.–(BUSINESS WIRE)–Telenav®, Inc. (NASDAQ: TNAV), a leading provider of connected-car and location-based services, announced today that software it is developing for a major international automobile manufacturer has achieved Automotive SPICE® Level 2 Certification. Level 2 certification means that Telenav meets the […]
Ryder Further Strengthens its Liquidity Position with Renewal of $300M Receivable-Backed Financing Facility
MIAMI–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced it has renewed its $300 million receivable-backed financing facility with two large banks for an additional 364 day period, further enhancing its solid liquidity position. The receivables-backed financing facility, which is a supplement to Ryder’s […]
Tuesday Ticker: April 28, 2020
Toronto, Ontario — April 28, 2020 — In this week’s Tuesday Ticker: around the globe, businesses in the automotive sector see a light at the end of the coronavirus tunnel, but speedbumps are ahead. Sharp Restart Ontario’s auto sector is preparing to resume its operations after the coronavirus lockdown period ends. Magna International has announced […]
Winning Hand: CSN adds Black Ace to its network
Edmonton, Alberta —CSN is still expanding amid pandemic protocols—CSN Black Ace Collision officially opened up in St. Paul, Alberta on Apr. 6. Black Ace has served the 6,000-strong population of St. Paul, Alberta since 2010. The facility is owned and operated by Corwin Robinson, who has been part of the Canadian automotive industry for more […]
