AutoNation is furloughing 7,000 employees, reducing executive pay and postponing more than $50 million of capital spending.
April 6, 2020
April 6, 2020—AutoNation is furloughing 7,000 employees, reducing executive pay and postponing more than $50 million of capital spending in light of COVID-19 virus impacts, according to a report by CNBC.
Year-over-year sales declined about 50 percent last month, according to the report. The company employs 26,000 people at more than 300 locations in 18 states.
Penske Automotive Group and Group 1 Automotive have also announced similar staffing and pay reductions.
Enterprise and Tasco Auto Color continue to support the Collision Industry Foundation program at the second highest tier, Urgent Care, for donors that contribute $5,000-$10,000...
The insurance company said it has control of its systems and hasn’t detected any evidence of ransomware or ongoing threat actor activity since the June 7 attack.
The Mountain States Collision Repair Association’s first in-person event features four industry experts and networking opportunities at Downhill Brewing in Parker, Colorado.
