Steering wheel–based systems used by some manufacturers are inferior. New real-world testing by AAA found driver monitoring systems using a driver-facing camera are best at keeping motorists focused on the road. Unfortunately, the technology is not foolproof and a driver determined to cheat the system can defeat it. As vehicles become increasingly automated, automakers realize […]
Solera Acquires Vehicle Intelligence Company Spireon
Acquisition will expand Solera’s Fleet Solutions and Vehicle Solutions and strengthen its position in AI-Powered software and data services across the vehicle lifecycle. Solera Holdings, LLC announced that it has signed an agreement to acquire Spireon, one of North America’s largest device-independent telematics and connected vehicle intelligence companies, from Greenbriar Equity Fund IV, L.P., a […]
Axalta Reports 2021 Sales of $4.4 Billion Up Over 18% from 2020
Company reports improved operating results despite continued supply chain challenges. Persistent inflation was partially offset by continued pricing gains. Axalta Coating Systems Ltd. (NYSE: AXTA) announced net sales of $1,137.2 million increased 5.8% year-over-year for its fourth quarter ended December 31. Net sales for the full year were $4,416.2 million, an increase of 18.2% year-over-year; […]
ABRA Adds Collision Repair Center in Brookings, South Dakota
ABRA Auto Body Repair of America announced the expansion of its network in South Dakota with the opening of ABRA Brookings, a 12,000 square foot facility located at 305 5th Street S., in Brookings, S.D. Formerly known as Mr. V’s Professional Body Shop, this facility and team have been a part of the Brookings community […]
ProColor Collision Adds Two Collision Repair Centers to Network in Sacramento
ProColor Collision announced the launch of two new collision repair shops in Sacramento, Calif. The new locations include ProColor Collision Sacramento South East, formerly known as Collision Express Center, and ProColor Collision Sacramento North East. ProColor Collision Sacramento South East and North East reflect owner-operator Tony Buryakov’s 25 years of experience and drive to deliver […]
Consumer Sentiment Sinks to Ten Year Low in January
Inflation and concerns about weakened economy drove index down nearly 5% month-on-month and nearly 15% year-on-year. Consumer sentiment fell throughout January, posting a cumulative loss of 4.8%, sinking to its lowest level since November 2011, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 67.2 in the January 2022 […]
Würth Group Reports Record Sales
The Würth Group set historic records in the 2021 fiscal year: According to the preliminary annual financial statements, the company generated sales of €17.1 billion ($19.1 billion) an increase of 18.5 percent, or 19.0 percent adjusted for currency effects, from €14.4 billion in 2020. In Germany, the Würth Group’s sales grew by 14.1 percent to […]
PEMCO’s McNaughton Elected Chair of IIHS Board of Directors
Stan McNaughton, president and chief executive officer of PEMCO Mutual Insurance Company, has been elected chair of the Insurance Institute for Highway Safety’s Board of Directors for 2022. McNaughton takes over from Dan Clapp, executive vice president at Shelter, who remains on the Board. “I am honored to chair the Board for IIHS after partnering […]
AASP/NJ to Host Overcoming Insurer Objections Virtual Training Event February 16
Tim Ronak, senior services consultant of AkzoNobel Performance Coatings, is next up in the Alliance of Automotive Service Providers of New Jersey’s (AASP/NJ) training schedule, presenting Overcoming Insurer Objections to Payment for Requested Procedures via Zoom on Wednesday, February 16 from 6-8 p.m. (EST). Rapidly evolving construction of modern-day vehicles, embedded with critical safety and ADAS technology, […]
CREF Invites Creative Students to Art Meets Automotive Design-and-Create Competition
The Collision Repair Education Foundation (CREF) is asking all creative career and technical students, “What Inspires You?” and they could win a $500 prize for answering the question. To find out, the Foundation has designated this question as the theme of its new “Art Meets Automotive Design-and-Create Competition.” Submission requirements and other registration information can […]
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