The NFIB index continues its two month slide in wake of pandemic. The National Federation of Independent Business (NFIB) small business optimism index took another dive in April, falling 5.5 points to 90.9, with owners expressing certainty the economy will weaken in the near-term, but expecting it to improve over the next six months. The […]
SBA and Treasury Department Release Paycheck Protection Program Loan Forgiveness Application
On Friday, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act […]
BASF Announces Refinish Supply Agreement with Car Sharing Company in China
BASF and DiDi, the mobile transportation platform, signed a strategic cooperation agreement in Hangzhou, Zhejiang Province, China, where Xiaoju Autocare (Xiaoju Yangche), a subsidiary of DiDi, is headquartered. Under the agreement, BASF will provide DiDi with sustainable automotive refinish products developed at its research and production site in Jiangmen. These products, designed for the Chinese […]
ASE Education Foundation Cancels July Instructor Training Conference
The ASE Education Foundation announced the cancellation of its Instructor Training Conference that was scheduled for July 14-17 at the Embassy Suites Hotel in Frisco, Texas. The annual conference provides training to hundreds of high school and college instructors from auto, truck and collision repair programs nationwide. “Due to ongoing concerns surrounding the COVID-19 coronavirus, […]
Paul Stone Named President and CEO at Hertz
Hertz Global Holdings, Inc., (NYSE:HTZ) today announced that its Board of Directors has named Paul Stone President and Chief Executive Officer, effective immediately. Stone, most recently Hertz’s Executive Vice President and Chief Retail Operations Officer, North America, also has been elected to the Hertz Board of Directors. Stone succeeds Kathryn V. Marinello, who plans to […]
Bosch Puts Fully Automated Surgical Mask Production Lines in Operation
In the fight against coronavirus, Bosch has now turned its hand to the fully automated production of face masks. Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH, on Friday launched the first special production line for face masks at the Bosch plant in Stuttgart-Feuerbach, Germany. The company will operate five […]
Nearly 9 out of 10 Collision Repair Facilities in U.S. Report Lower Sales in April
Collision repair facilities remain open but business has slowed dramatically. More than 70% of shops report receiving government funding. The vast majority of collision repair facilities responding to a CollisionWeek study are open, but have reported further declines in sales versus March due to the coronavirus response. Operator sentiment on their business survival has improved […]
Consumer Confidence Ticks Upward in May Preliminary Report
Consumer confidence came in better than expected in the University of Michigan Survey of Consumers. The Index of Consumer Sentiment was 73.7 for May 2020, up 2.6% from April but down 26.3 percent from May 2019. According to Richard Curtin, Surveys of Consumers chief economist, confidence inched upward in early May as the CARES relief […]
Spanesi Welders Approved for Tesla Collision Repair
The article you requested has been removed at the request of Spanesi. Updated 5/18/2020
I-CAR Opens Nominations for Russ Verona and Jeff Silver Awards
The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced nominations are open for its two industry awards which recognize outstanding contributions to advancing technical education and professionalism in the collision repair industry; the Russ Verona Memorial Award and the Jeff Silver award. Nominations for both awards will be accepted through July 31, and the winners […]
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