CarMax Announces First Quarter Conference Call and Annual Meeting Information

RICHMOND, Va.–(BUSINESS WIRE)–CarMax, Inc. (NYSE:KMX) will report its financial results for the first quarter ending May 31, 2020, before the market opens on June 19, 2020, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president and CEO, Tom […]

Commercial Automobile Insurers Could See Fewer But Costlier Claims in Pandemic (AM BestTV)

OLDWICK, N.J.–(BUSINESS WIRE)–In this episode of AMBestTV, insurance industry experts say they worry that essential workers logging longer hours could hike claims severity, even though insurers saw accident frequency drop during the quarantine. Click on http://www.ambest.com/v.asp?v=commercialauto620 to view the entire program. Since the shelter in place order went into effect, there has been less traffic […]

Coolray Partners with DGM Racing and Josh Williams for Atlanta Race Weekend

HAMPTON, Ga.–(BUSINESS WIRE)–Josh Williams has been building his NASCAR Xfinity Series career brick by brick over the past few seasons, and the fruits of that labor are finally starting to show themselves. Williams, whose focus was simply on making races when his tenure began in the series, has now been able to set his sights […]

Garmin® shareholders approve quarterly dividend through March 2021 and Garmin announces record date and payment date for June 2020 dividend installment

SCHAFFHAUSEN, Switzerland–(BUSINESS WIRE)–At Garmin Ltd.’s (Nasdaq: GRMN) annual shareholders’ meeting held today, approval was received from the shareholders in accordance with Swiss corporate law for a cash dividend in the amount of $2.44 per share (subject to adjustment in the event that the Swiss Franc weakens more than 35% relative to the USD), payable in […]

Foresight to Enable Mass Screening for Detection of COVID-19 Pandemic Symptoms Using Thermal Cameras and Artificial Intelligence Expertise

A patent application was submitted in the United States for fast and accurate detection of six leading COVID-19 symptoms NESS ZIONA, Israel–(BUSINESS WIRE)–$FRSX #COVID19–Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision, announced today that it has started developing a mass screening solution for the detection of COVID-19 symptoms based on […]

Flying Hoods: Nissan calls for a recall

Toronto, Ontario ⁠— For the fourth time, Nissan is recalling a massive amount of Altima sedans in both Canada and the United States to fix a latch problem that may cause the hood to fly open while vehicles are in motion.  This recall will include nearly 1.9 million vehicles, reported the Associated Press. The previous […]

All Clear? Think Again: Developing an effective scanning process

By Chuck Olson Those collision businesses that develop an effective diagnostics scan process will see an almost immediate benefit. A diagnostic process—like strategy-based diagnostics—performed by a qualified diagnostic specialist can save a collision repair facility money, cut back touch-times,  improve capacity, reduce the risk of legal liability, and, most importantly, improve the safety of motorists […]

Industry Insider: Experiencing parts shortages

Toronto, Ontario — As automakers restart assembly lines across the country with extensive safety protocols and screenings in place, some auto repair facilities are struggling with parts supplies.

EV/AV Report: June 8, 2020

Plan for an Electric Van?  General Motors Co is said to be developing an electric van targeted at business users, reported Reuters.  According to the report,  sources familiar with the plans said the EV is expected to start production in late 2021.  GM has yet to announce whether or not they are developing an electric […]

COVID-19 Impact: AIA Canada releases a second survey

Toronto, Ontario ⁠— Automotive Industries Association (AIA) of Canada has launched a second survey seeking input on how COVID-19 has impacted businesses. This second round of questions will provide AIA Canada with valuable information to help the aftermarket navigate the current COVID-19 crisis.  Additionally, the anonymized results will be shared with government authorities with the […]