Superior Announces Additional Actions to Navigate Uncertainty Created by COVID-19
SOUTHFIELD, Mich.–(BUSINESS WIRE)–Superior Industries International, Inc. (NYSE:SUP), one of the world’s leading aluminum wheel suppliers, today announced actions aimed at further preserving financial flexibility to manage through a possible prolonged lower production environment. On March 23, 2020, Superior announced various actions in response to the ongoing COVID-19 pandemic and shutdowns by global automotive OEMs. The […]
Cree Announces Preliminary Third Quarter Fiscal 2020 Results and Provides Business Update
DURHAM, N.C.–(BUSINESS WIRE)–Cree, Inc. (Nasdaq: CREE) today announced preliminary results for its third quarter of fiscal 2020 ended March 29, 2020 and provided a business update in light of the COVID-19 pandemic, which has had a greater impact than originally anticipated when the Company provided the third quarter outlook on January 29, 2020. Revenue for […]
Carvana Raises $600 Million to Continue Growing, Innovating Safer Way to Buy a Car
Investors endorse Carvana’s leadership amid changing consumer needs PHOENIX–(BUSINESS WIRE)–Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, is fully committed to ensuring consumers can easily purchase a vehicle in this unprecedented era, and do so safely. As consumers increasingly demand an online retail environment so they can get important resources […]
Amid Coronavirus, Ford Overall U.S. Sales Decline 12.5 Percent – Van and Explorer Sales Buck the Trend Posting Gains; Lincoln Retail Sales up 7 Percent
DEARBORN, Mich.–(BUSINESS WIRE)–Ford Motor Company (NYSE: F) today reported its first quarter 2020 U.S. sales results. Click here or visit media.ford.com to view the news release. About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, […]
Recapturing Lease Customers Will Be Critical as Auto Dealers and Lenders Navigate Downturn, J.D. Power Finds
Customer Retention Takes Spotlight as 1.8 Million Auto Leases Mature between March and July TROY, Mich.–(BUSINESS WIRE)–New-vehicle leases accounted for 31% of the new retail vehicle market in 2019, while lease transactions this year account for 52% of captive lenders’ new retail business. These percentages underscore how important it is for dealers and lenders to […]
Standard Hydrogen Introduces Groundbreaking Method to Turn Most Garbage Into Zero-Emission Fuel
New, Innovative Company Converts Plastic, Tires, & Other Waste into Hydrogen, Making it Possible to Empty Landfills While Consuming Most Pollution BOCA RATON, Fla.–(BUSINESS WIRE)–Standard Hydrogen Company, Inc. (www.standardh2.com), announces a technology breakthrough in the quest for inexpensive hydrogen by turning garbage into pure zero-emission hydrogen fuel. This patented process has the potential to clean […]
CarMax Reports Record Fourth Quarter and Fiscal Year 2020 Results
RICHMOND, Va.–(BUSINESS WIRE)–CarMax, Inc. (NYSE:KMX), the nation’s largest retailer of used cars, today reported record sales and earnings for the fourth quarter and fiscal year ended February 29, 2020. The company also discussed its response to the rapidly evolving Coronavirus situation. Highlights: Net sales and operating revenues increased 14.9% to $4.96 billion in the fourth […]
Ingevity announces details for upcoming Pavement Technologies webinar
NORTH CHARLESTON, S.C.–(BUSINESS WIRE)–$NGVT #pavementtechnologies–Ingevity Corporation (NYSE:NGVT) today announced that it will hold a live webinar to review and discuss its Pavement Technologies business on April 16, 2020, at 10 a.m. (Eastern Time). This is the first event in a previously announced webinar series that will serve to educate analysts and investors about its businesses. […]
Editor’s Log: IBIS clears the fog-of-war in OEM-insurer conflict
Toronto, Ontario — April 2, 2020 — Despite being its first foray into the world of live online broadcasting, the 2020 International Bodyshop Industry Symposium in the United States of America was a staggering success. Especially so when it came to its coverage of one major issue– the increasing involvement of OEMs in the auto […]
The Internet, Worldwide: IBIS USA takes to the web
Toronto, Ontario — For the first time ever, the International Bodyshop Industry Symposium U.S.A. was entirely simulcast online. Kicking off on April 2, at 12 p.m. EST, the event opened with a message from IBIS executive director Jason Moseley, who delivered a brief opening address. Moseley was followed by keynote speaker David Williams, the managing […]
