Month: February 2020

LKQ Corp. announced that it has closed its previously announced agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. Terms of the transaction were not disclosed. Dominick Zarcone, President and Chief Executive Officer of LKQ, stated, “This divestiture reinforces our ongoing commitment to rationalizing our European asset […]

The post LKQ Corp. Completes Sale of Two Czech Distributors appeared first on RVBusiness - Breaking RV Industry News.

Federal Reserve Chairman Jerome Powell on Friday (Feb. 28) said the central bank is “closely monitoring” the coronavirus epidemic emanating from China and its potential to slow economic growth. In a brief statement, Powell said U.S. economic fundamentals remain strong but the risk from the COVID-19 epidemic are “evolving.” Financial markets believe the Fed will […]

The post Powell Reports Fed ‘Closely Monitoring’ Coronavirus appeared first on RVBusiness - Breaking RV Industry News.

The National Park Foundation announced this week that since 2011, it has engaged more than one million students in educational programs connecting them with national parks across the country, according to a report by trains.com. As the official nonprofit partner of the National Park Service, the National Park Foundation raises support from generous individuals and […]

The post National Parks Foundation Engages Over 1M Children appeared first on RVBusiness - Breaking RV Industry News.

Nappanee, Ind.-based motorized RV manufacturer Newmar Corp. has laid off about 10% of its workforce, according to a Friday evening (Feb. 28) report from South Bend’s WSBT TV. The company said it does not comment on specific details concerning staffing or production issues, but it did say it continually monitors and adjusts activities to reflect […]

The post Newmar Corp. Reportedly Lays Off 10% of Workforce appeared first on RVBusiness - Breaking RV Industry News.

The students of the Mobile RV Academy, located at the Big Red Schoolhouse in Athens, Texas, will be able to train on the newest technology thanks to a generous donation from Ron Hoover RV & Marine Centers. According to a press release, around 50 students of the National RV Training Academy gathered together with founder […]

The post ‘Mobile RV Academy’ Receives Ron Hoover RV Gift appeared first on RVBusiness - Breaking RV Industry News.

Earlier this month, RV Industry Association (RVIA) members heard from trade expert Daniel Neumann of Sorini, Samet, & Associates on a rundown of what they could expect to see on trade in 2020. RVIA News & Insights reported that trade issues ranged from Section 301 tariffs on China and Section 232 tariffs to the U.S.-Mexico-Canada […]

The post RVIA Runs Down Key Trade Issues on the Table in ’20 appeared first on RVBusiness - Breaking RV Industry News.

Tourism Holdings said its after-tax profit dropped by 25% in the six months to the end of December, according to a report by Stuff. The company, which rents, builds and sells recreational vehicles, blamed weak vehicle sales in the United States as well as the performance of its newly-formed international Togo Group, a division of […]

The post Tourism Holdings Reports Profit Decline for 6 Months appeared first on RVBusiness - Breaking RV Industry News.

Camping World reported a slight uptick in sales for the full year while reporting a net loss during the period, reflecting the impact of the company’s strategic decision to consolidate operations in 2019. “We are very excited about the current direction of our business,” said Marcus Lemonis, Chairman and CEO of Camping World Holdings, Inc. […]

The post ‘Strategic Shift’ Impacts Camping World 2019 Income appeared first on RVBusiness - Breaking RV Industry News.

Editor’s Note: The following RVBusiness Q&A features Mike Sokol, commonly regarded as “the nation’s number one authority of RV electricity.” Sokol, the author of several books on RV electricity, frequently writes on the subject at RVTravel, and ten months ago started the popular Facebook group RV Electricity, which has grown to about 6,000 members. He also […]

The post Q&A: Sokol Expounds on Proper RV Electricity Usage appeared first on RVBusiness - Breaking RV Industry News.

Thetford Corp. recently began distributing its newest product with the launch of the environmentally-friendly AquaBio holding tank treatment “Thetford strives to be innovative in everything we do,” said Barry Eckel, Thetford’s executive vice president, The Americas, in a press release. “Our sustainability efforts are no exception. We are very proud that products in our portfolio […]

The post Thetford Launches ‘AquaBio’ Holding Tank Treatment appeared first on RVBusiness - Breaking RV Industry News.