Cummins is temporarily closing four southern Indiana plants this week due to COVID-19-related disruptions. The news follows the Columbus, Indiana-based engine and generator manufacturer’s announcement of cuts to executive and employee pay.
Lazydays RV is reducing its workforce and taking other immediate actions in response to the COVID-19 crisis.
Winnebago Industries is reducing executive pay as a cost-saving measure in response to the COVID-19 outbreak.
A provision of the CARES Act temporarily increases the amount of interest expense businesses are allowed to deduct on tax returns, increasing the 30 percent limitation to 50 percent of taxable income for 2019 and 2020.
Eligible businesses can apply for Paycheck Protection Program small business loans to cover qualified payroll costs including rent, utilities and interest on mortgage and other debt obligations.
A free webinar today will give a dealer-focused view of new federal legislation enacted to deal with the COVID-19 outbreak. The Pennsylvania Automotive Association (PAA) is hosting the presentation specifically to help dealers make informed decisions.
Canadian Finance Minister Bill Morneau released details on the Canada Emergency Wage Subsidy program, confirming RV dealers across Canada are eligible, according to RVDA of Canada.
Lance Camper has donated its available supply of personal protection equipment (PPE) to a local hospital to help it deal with supply shortages due to the COVID-19 outbreak.
RV supplier Icon has begun to produce PPE face shields to help front-line health-care workers limit their exposure to the coronavirus.
The Family Motor Coach Association has canceled its International Rally and RV Expo.
A single Facebook post seeking an RV for a doctor in Texas to self-isolate during the COVID-19 crisis has snowballed into a nationwide movement.
The recently passed federal stimulus bill allows RV dealers with fewer than 500 employees to get Small Business Administration loans to cover all paychecks for the next two months. Dealers that don’t cut staff or wages can get most of their loans forgiven.
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