FCPT Announces Acquisition of a Big O Tires Property for $2.7 Million
MILL VALLEY, Calif.–(BUSINESS WIRE)–Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a corporate-operated Big O Tires property for $2.7 million. The lease is guaranteed by TBC Corporation (“TBC”), one of the largest […]
RumbleOn Files a Selling Securityholder Registration Statement for Convertible Notes Issued on January 14, 2020
DALLAS–(BUSINESS WIRE)–RumbleOn, Inc (NASDAQ: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade, or finance pre-owned vehicles, today filed a selling securityholder registration statement with the Securities and Exchange Commission for the January 14, 2020 private placement of Convertible Senior Notes due 2025 (the “Notes”). In connection with […]
CarMax Reports First Quarter Fiscal 2021 Results
RICHMOND, Va.–(BUSINESS WIRE)–CarMax, Inc. (NYSE:KMX), the nation’s largest retailer of used cars, today reported results for the first quarter ended May 31, 2020. Highlights: First quarter performance significantly impacted by the Coronavirus pandemic. More than 80% of the days in the quarter were negatively impacted by a mix of store closures and limited operations(1). In […]
Hyliion Inc. and Tortoise Acquisition Corp. Announce Merger, Combined Company to Remain Listed on NYSE
Hyliion will be merging with Tortoise Acquisition Corp. (NYSE: SHLL) and the newly combined company will remain on the New York Stock Exchange under the new ticker symbol (“HYLN”). Pro forma implied market capitalization of the combined company over $1.5 billion. Transaction includes an upsized $325 million fully committed PIPE. Proceeds will be used to […]
Industry Insider: Retooling positions manufacturing sector for success
Toronto, Ontario — In this week’s episode of Industry Insider, we explore how retooling techniques pursued by Canada’s automotive industry could be made a common practice in the post-pandemic era.
Back to Class: I-CAR is set to resume in-shop welding, hands-on training
Toronto, Ontario — I-CAR USA has announced that auto body shops may once again take its welding certification tests, receive hands-on training courses and obtain in-person knowledge assessments to waive classes. The organization will be restarting its in-person sessions at facilities that comply with the COVID-19 protection protocols it has developed. In March I-CAR was forced […]
Hailing in Protection: Calgary dealerships use protective tents and nets to protect vehicles from hail storm
Calgary, Alberta — When a massive hail storm hit Calgary many vehicles fell victim to the ping-pong-sized pellets–but some dealerships were thinking ahead. To protect vehicles from the hail, several businesses in the area invested millions of dollars in protective tents and nets. One particular Toyota dealership had placed roughly 300 cars under its tents […]
The Post-COVID Classroom: Ben Hart on post-secondary education
By Ben Hart As I sit here and write this, I long for the days of normalcy; in fact, I haven’t even seen a classroom in months. This COVID-19 world we are experiencing has created more questions than answers and the same can be said for the future of post-secondary training. At this point, most […]
Rapid Response: GM observes benefits to 3D printing amid pandemic
Toronto, Ontario — General Motors typically relies on 3D printing to help launch new vehicle prototypes, however, during the pandemic, the same technology has played a critical role in helping the automaker transition from making vehicles to medical devices in a matter of days. “3D printing helps us design and build parts and products faster […]
Overseas Exports: Stolen GTA vehicles found in Italy
Toronto, Ontario — Investigators with the York Regional Police Financial Crimes unit, working in conjunction with the Canadian Border Services Agency (CBSA) and Italian National Police have recovered more than 40 vehicles stolen from the Greater Toronto Area (GTA). Through a collaborative effort, York Regional Police, CBSA and the Italian National Police seized 30 crime […]
