Automotive

Important Update for Snap-on Incorporated’s 2020 Annual Meeting of Shareholders

Monday, April 6, 2020 - 11:56pm

The Annual Meeting will continue to be held on Thursday, April 23, 2020, but will now occur at 11:30 a.m. Central Time in a virtual meeting format only, via live webcast.

Key Points: 
  • The Annual Meeting will continue to be held on Thursday, April 23, 2020, but will now occur at 11:30 a.m. Central Time in a virtual meeting format only, via live webcast.
  • Shareholders as of the close of business on February 24, 2020, the record date for the Annual Meeting, with a control number will have the opportunity to participate in the vote during the virtual meeting.
  • The Annual Meeting can be accessed directly at www.meetingcenter.io/216067983 or on the Companys website at www.snapon.com/EN/Investors/Investor-Events .
  • An archive of the Annual Meeting will be available on www.snapon.com for at least 90 days following the meeting.

Ryder Further Enhances Its Liquidity Position With $400M Public Bond Offering

Monday, April 6, 2020 - 10:40pm

The company will use the proceeds from the offering for working capital and other general corporate purposes.

Key Points: 
  • The company will use the proceeds from the offering for working capital and other general corporate purposes.
  • Ryder also maintains an available cash balance of $1.2 billion as of April 6, 2020.
  • Ryder has a total of $600 million of remaining public bond maturities in 2020 with $300 million maturing in May and $300 million maturing in September.
  • Ryder is a Fortune 500 commercial fleet management , dedicated transportation , and supply chain solutions company .

TTN Fleet Solutions - Offers Decontamination Services to Fleets

Monday, April 6, 2020 - 7:00pm

Many companies across the industry, therefore, are pivoting service offerings to meet these unforeseen safety needs.

Key Points: 
  • Many companies across the industry, therefore, are pivoting service offerings to meet these unforeseen safety needs.
  • For example, Ten-West Environmental , a Platinum Premier Provider in TTN Fleet Solutions network, now offers decontamination and disinfection services.
  • Current and future customers can hire decontamination teams to thoroughly disinfect their tractors, trailers, terminals and corporate offices.
  • With the power of our network, we are able to pull together resources that aid our carrier partners in ensuring their drivers and staff are limited to exposure to this virus, said Executive Vice President of TTN Fleet Solutions, Tyler Harden.

Hagens Berman: Toyota Hit with Class-Action Lawsuit for Brake Defect Affecting Prius, Camry and Avalon Hybrid Models

Monday, April 6, 2020 - 4:33pm

Crashes are happening because of this brake defect, and people are reporting injuries.

Key Points: 
  • Crashes are happening because of this brake defect, and people are reporting injuries.
  • Hagens Berman also represented Toyota owners against the automaker in what was then the largest automotive class action suit in history.
  • The lawsuit pertained to a defect in Toyota models causing sudden unintended acceleration and settled for $1.6 billion.
  • This isnt the first time we have caught Toyota in the crosshairs of a major safety defect, Berman added.

$22.7 Bn Automotive Glass Market Outlook, 2025 - ResearchAndMarkets.com

Monday, April 6, 2020 - 3:44pm

The "Automotive Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Automotive Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
  • The global automotive glass market is currently witnessing a healthy growth.
  • How has the global automotive glass market performed so far and how will it perform in the coming years?
  • What is the structure of the global automotive glass market and who are the key players?

Vehicle Recycling Market Trends Report, 2020-2025 - ResearchAndMarkets.com

Monday, April 6, 2020 - 3:32pm

The "Vehicle Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Vehicle Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
  • This latest report provides a deep insight into the global vehicle recycling market covering all its essential aspects.
  • How has the global vehicle recycling market performed so far and how will it perform in the coming years?
  • What is the structure of the global vehicle recycling market and who are the key players?

Carvana Gives Customers 90 Days to Make First Loan Payment

Monday, April 6, 2020 - 3:02pm

Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, in an effort to provide customers more flexible financing options during this difficult time, is now giving customers up to 90 days to make their first payment.

Key Points: 
  • Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, in an effort to provide customers more flexible financing options during this difficult time, is now giving customers up to 90 days to make their first payment.
  • Carvana provides customers with an easy, safe way to purchase a vehicle entirely online from home, including Touchless Delivery and the peace of mind of a 7-day return policy.
  • Customers can shop more than 25,000 vehicles on Carvana.com with high-definition, 360-degree virtual vehicle tours, finance, purchase and select as-soon-as-next-day Touchless home delivery, all in as little as 5 minutes.
  • Customers financing with Carvana are eligible to opt in to the payment extension option, as long as they complete their purchase by April 20, 2020.

HyreCar Provides Business Update and Indication of First Quarter 2020 Revenue

Monday, April 6, 2020 - 2:27pm

HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing, food, and package delivery services, today announced preliminary results for the first quarter ended March 31, 2020.

Key Points: 
  • HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing, food, and package delivery services, today announced preliminary results for the first quarter ended March 31, 2020.
  • We had tremendous momentum going into the first quarter, and rental day performance from Q1 shows the power of our platform.
  • This compares favorably to the 50% to 75% ridership year-over-year declines announced by Uber and Lyft, said Joe Furnari, Chief Executive Officer of HyreCar.
  • We believe this is because our business model and platform allow us to leverage new opportunities within this crisis.

Foresight Subsidiary Eye-Net Mobile Announces Technological Developments to Enhance Protection for Cyclists and Motorists in Its Accident Prevention Solution

Monday, April 6, 2020 - 1:30pm

Eye-Net Protect may offer a safety solution that can easily be used by motorists seeking a solution, said Haim Siboni, CEO of Foresight.

Key Points: 
  • Eye-Net Protect may offer a safety solution that can easily be used by motorists seeking a solution, said Haim Siboni, CEO of Foresight.
  • Through the Companys wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both in-line-of sight vision systems and beyond-line-of-sight cellular-based applications.
  • Eye-Net Mobiles cellular-based application is a V2X (vehicle-to-everything) accident prevention solution based on real-time spatial analysis of clients movement.
  • For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com , follow @ForesightAuto on Twitter, or join Foresight Automotive on LinkedIn.

American Family Insurance to Return $200 Million in Premium to Auto Customers

Monday, April 6, 2020 - 1:30pm

As the COVID-19 pandemic continues to dramatically alter driving habits and create financial uncertainty for individuals and families across the country, American Family Insurance will return approximately $200 million to its auto insurance customers.

Key Points: 
  • As the COVID-19 pandemic continues to dramatically alter driving habits and create financial uncertainty for individuals and families across the country, American Family Insurance will return approximately $200 million to its auto insurance customers.
  • View the full release here: https://www.businesswire.com/news/home/20200406005209/en/
    Telisa Yancy Chief Operating Officer American Family Insurance (Photo: Business Wire)
    American Family Insurance is doing this out of responsibility to our customers.
  • The premium relief will come in the form of a one-time full payment of $50 per vehicle covered by an American Family personal auto policy.
  • The American Family Insurance group also includes CONNECT, powered by American Family Insurance (formerly Ameriprise Auto & Home ), The General , Homesite and Main Street America .