Axalta won’t sell itself or take other ‘strategic alternatives’

Citing the COVID-19 coronavirus’ disruption globally, Axalta on Tuesday announced it would end its hunt for “strategic alternatives” — a review that had examined the possibility of selling the company. “In light of the dislocation [...]

2020-03-31T16:23:46-04:00March 31st, 2020|RDN News Feed|

Nationwide guideline: 1.0 hours, $25 materials to sanitize vehicles amid COVID-19 pandemic

Nationwide told its direct repair program facilities on Monday that it would reimburse an hour of labor and $25 for materials to sanitize vehicles as a precaution against the COVID-19 coronavirus, according to a memo [...]

2020-03-31T14:54:00-04:00March 31st, 2020|RDN News Feed|

Caliber to cut rent to landlords 40% amid COVID-19 slump, promises to ‘make them whole’

Citing the decline in business related to the national COVID-19 coronavirus response, Caliber Collision has told some landlords it would temporarily pay only 40 percent of its rent effective April 1. “We have asked all [...]

2020-03-31T07:08:59-04:00March 31st, 2020|RDN News Feed|

Caliber cuts exec salaries, has ‘right sized’ support staff amid COVID-19 financial hit

Caliber Collision on Monday said it had “right sized the support staff” and slashed executive salaries as a response to the economic burden from the COVID-19 coronavirus. The company told landlords on Saturday it had [...]

2020-03-31T07:08:28-04:00March 31st, 2020|RDN News Feed|

3M: Consider alternative respirator amid COVID-19 demand for certain masks

3M has announced plans to produce and prioritize respirators for the health care industry during the COVID-19 coronavirus response. It also recommended the collision repair industry try an alternative to the masks currently in high [...]

2020-03-30T12:56:56-04:00March 30th, 2020|RDN News Feed|

CARES Act includes $349B in government-backed small-biz loans to ease COVID-19 coronavirus slowdown

Congress passed and Republican President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act” on Friday, making billions of dollars in loans available — and partly forgivable — for small businesses like body [...]

2020-03-27T22:21:01-04:00March 27th, 2020|RDN News Feed|

Colo. orders PPE inventory lists from shops; Minn. rule might apply to some facilities

Colorado has ordered auto body shops and other businesses to send details on their personal protective equipment supplies by the end of Friday, and a similar Minnesota command might apply to some repairers as well. [...]

2020-03-27T14:39:14-04:00March 27th, 2020|RDN News Feed|

Gerber parent Boyd enacts ‘temporary staffing reductions’ as demand down 40-50%

Gerber Collision owner Boyd Group Services on Friday announced it would initiate “temporary staffing reductions” following a significant business slowdown likely related to the COVID-19 coronavirus response. The publicly traded company said it “estimates demand [...]

2020-03-27T10:39:17-04:00March 27th, 2020|RDN News Feed|

Governor: N.J. auto body shops, other businesses must submit inventory of PPE by EOD Friday

Democratic New Jersey Gov. Phil Murphy has ordered all collision repairers and other businesses with personal protective equipment to submit an inventory to the state by 5 p.m. Friday. “Any business or non-hospital health care [...]

2020-03-26T18:08:27-04:00March 26th, 2020|RDN News Feed|

CIF announces $100K for collision industry employees affected by COVID-19, seeks more donations

The Collision Industry Foundation on Wednesday said it had put up $100,000 to seed a fund dedicated to helping industry employees affected by the national COVID-19 coronavirus pandemic. Any donations to the organization through May [...]

2020-03-26T14:23:34-04:00March 26th, 2020|RDN News Feed|
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