The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) continues to provide its members with key information and resources to help guide their businesses as the COVID-19 pandemic crisis continues on. “From the time this first started, AASP/NJ has been providing notices to our members on how to deal with the issues as they […]
EU Passenger car registrations Down 76.3% in April
In April 2020, registrations of new passenger cars in the European Union posted a year-on-year decline of 76.3%. The first full month with COVID-19 restrictions in place resulted in the strongest monthly drop in car demand since records began. The EU was harder hit than the U.S. in April as sales in the U.S. were […]
Small Business Optimism Declined in April
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 […]
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 […]
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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