Plans to expand electric vehicle production and commercial launch of robotaxi service in 2023. The Hyundai Motor Group (HMG) is increasing its investment to more than $10 billion by 2025 to further its smart mobility solutions in the U.S. including investments HMG has allocated a series of additional expenditure to foster key future businesses such […]
Crash Champions Celebrates 200 Location Milestone
Company employs 3,500 people at 200 locations in 20 states. Crash Champions, LLC announced that, with the acquisition of two collision repair centers in New Jersey reported yesterday, it has grown to 200 collision repair centers. The company’s M&A strategy has grown Crash Champions by over 2,400 percent since 2019. Today, Crash Champions employs more than […]
Premium Increases Lead to Erosion in Auto Insurance Price Satisfaction
State Farm ranks highest among large insurers, The Hartford ranks highest among midsize insurers. According to the J.D. Power 2022 U.S. Insurance Shopping Study, auto insurance customer satisfaction with price has plummeted, driving a surge in new-policy shopping activity while also dragging on the purchase experience index. According to the report, auto insurers are caught […]
PPG Commits to Setting Science-Based Targets to Reduce Greenhouse Gas Emissions
PPG (NYSE:PPG) today announced that it has committed to setting near-term company-wide emission reductions in line with climate science through the Science Based Target initiative (SBTi), which is an organization that helps companies define their decarbonization strategy and reduce the impacts of climate change. PPG has an existing goal to reduce GHG emissions intensity by […]
Uni-Select Canada and the Colonial Group Announce Strategic Agreement
Uni-Select Canada Inc. (TSE:UNS) announced today that it has entered into a strategic agreement with Colonial Garage & Distributors Limited and its affiliated companies to join its Canadian network of independent members, a foundation of Uni-Select’s success for over 50 years. The Colonial Group, a family owned and operated business, established almost 100 years ago, […]
Intertek Expands Service Offerings at North America Electric Vehicle Testing Lab
Intertek announced the expansion of services and capabilities at its Transportation Technologies lab in Plymouth, Mich., to meet the automotive industry’s increasing demand for safe and reliable testing for evolving electric vehicle (EV) and electric vehicle supply equipment (EVSE) technologies. “As an early adopter of and pioneer in EV testing, Intertek’s continued investment in the […]
Average Age of Vehicles in the US Increases to 12.2 years.
Average age of light vehicles at an all-time high in 2022 as the vehicle fleet climbed to 283M passenger cars and light trucks. The average age of light vehicles in operation (VIO) in the US rose to 12.2 years this year, increasing by nearly two months over the prior year, according to new research from […]
Crash Champions Acquires Collision Repair Centers in New Jersey and Pennsylvania
Crash Champions, LLC announced that it has grown its presence in New Jersey and Pennsylvania through the acquisition of Jost Collision and Garage, consisting of two locations at 1502 NJ-138 in Wall Township and 1704 Huntington Ave in Neptune City, N.J. and the acquisition of Syrena Collision Center consisting of two shops located at 691 […]
Industry Professionals Talked Shop and Solutions at AASP/NJ Town Hall Meeting
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) brought together dozens of automotive industry professionals May 19 at the Holiday Inn in Clark, NJ for a Town Hall meeting. All attendees were invited to speak their minds, share experiences and collaborate to find solutions to some of the biggest challenges plaguing the industry. […]
LKQ Releases 2021 Sustainability Report
Unveils its new brand identity. LKQ Corporation (NASDAQ:LKQ) released its 2021 Sustainability Report and unveiled its new brand identity, reflecting the Company’s transformation from a salvage dismantler and recycler to a leading global value-added and sustainable distributor of vehicle parts, accessories, and services. LKQ’s 2021 Sustainability Report, highlights key environmental, social, and governance (ESG) accomplishments. […]
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