Axalta Coating Systems Ltd. (NYSE:AXTA) today provided an update on second quarter sales trends through May. Axalta had withdrawn its guidance for the full year 2020 in March due to the uncertainty in the outlook for customer demand as a result of the COVID-19 pandemic and committed to offering an intra-quarter update in June. For […]
SBA Economic Injury Disaster Loans and Advance Program Reopened
To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19. “The SBA is strongly committed to working around the clock, providing dedicated emergency assistance to the small […]
PA Insurance Department Announces Remote Testing Option for Exam Candidates
Pennsylvania Insurance Commissioner Jessica Altman today announced the availability of a remote testing option for insurance license exams including the Motor Vehicle Physical Damage Appraiser license beginning July 1. To be licensed as an appraiser for the first time, a candidate must pass an exam in addition to other requirements. Many collision repair facilities, particularly […]
LKQ Reports Sales Better Than Expected So Far in Second Quarter Down 25%
The company provided a business update and announced amendments to credit facility. LKQ Corporation (NASDAQ:LKQ) today said that while the COVID-19 pandemic continues to have a negative impact on its global operations, the effect through May has not been as significant as the company expected when it announced its first quarter results. According to the […]
Israel-Based UVeye Plans to Expand U.S. Operations
UVeye, an Israeli supplier of high-tech vehicle-inspection systems, is planning to expand in the United States with the introduction of products especially designed for car dealers, used-car auction houses and major vehicle-fleet operators. The company plans to open sales and product development offices in Ohio and New York within the next four months, is assembling […]
America’s Recovery Fund Coalition Reiterates Call for Congress to Assist Business
Today, America’s Recovery Fund Coalition (ARFC) launched a national Going Out of Business advocacy campaign highlighting the bleak economic landscape created by COVID-19, emphasizing the need for Congress to immediately create a Recovery Fund. “It is time to accept our shared economic reality: America’s recovery will be long, slow, and, without further fiscal support from […]
CCC Extends Mobile, AI Capabilities to Deliver Virtual Vehicle Inspection Solution to Underwriters
CCC Information Services Inc. (CCC) announced today the availability of CCC Quick View a photo-guided vehicle inspection solution. Quick View enables auto underwriters to efficiently and affordably complete vehicle inspections virtually by offering policyholders a mobile app to easily capture vehicle photos. Once photos are received, CCC’s AI-enabled photo analytics and Damage Detection Heatmaps are […]
Barry McConway Named President of IXS Coatings
IXS Coatings, the provider of protective coatings for automotive, manufacturing and industrial operations including the Ultimate Linings and LINE-X Protective Coatings brands, has announced Barry J. McConway as its new president. McConway is responsible for the global leadership and the strategic direction for the company’s executive management team and the operational strategies for the brands […]
Gas Consumption Up Over 4% for Week Ending June 5
Government statistics continue to show week over week improvements, but the 4-week moving average is still down over 20% compared to 2019. There is more good news on the state of economic activity as for the third straight week and eight of the last nine weeks, data from the U.S. Energy Information Administration (EIA) showed […]
IAA Announces Five Branch Relocations and Expansions
IAA, Inc. (NYSE:IAA) announced branch relocations and expansions in five key markets in California, Texas, New Jersey, Virginia, and South Dakota. The five locations now provide significantly more inventory storage in addition to updated branch facilities. “We strive to ensure that our extensive facility footprint is consistently meeting the needs of our buying and selling […]
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