A new study from researchers at Children’s Hospital of Philadelphia (CHOP) and the University of Pennsylvania’s Annenberg Public Policy Center found that 18- to 24-year-olds who use cell phones while driving are more likely to engage in other risky driving behaviors associated with “acting-without-thinking,” a form of impulsivity. These findings suggest the importance of developing […]
USAA to Acquire Insurtech Company Noblr
Acquisition will provide usage-based insurance offering to USAA members. USAA announced that it plans to acquire insurtech company Noblr, Inc. to offer usage-based insurance (UBI) to its members. The acquisition complements USAA’s behavior-based insurance (BBI) program, SafePilot, that grew 200% in 2020. Nearly half of new policyholders in the states where SafePilot is available opt […]
Hertz’s Reorganization Plan Confirmed by Bankruptcy Court
Hertz Global Holdings, Inc. (OTCPK:HTZGQ) announced that the Bankruptcy Court confirmed the Company’s Plan of Reorganization. The Plan unimpairs all classes of creditors (who are legally deemed to have accepted it) and was approved by more than 97% of voting shareholders. The Court’s approval clears the way for Hertz to emerge from Chapter 11 by […]
U.S. Automotive Aftermarket Sales Forecasted to Increase 11.2% in 2021
The automotive aftermarket proved its resiliency once again with a stronger than expected performance in 2020, despite the global COVID-19 pandemic, and is anticipated to recover robustly in 2021. Total United States light duty automotive aftermarket sales are forecasted to increase 11.2% in 2021, totaling $325 billion, according to the 2021 Joint Channel Forecast Model […]
Solera’s Omnitracs Releases Next-Generation Solution for Inattentive Driving
Omnitracs, that was recently acquired by Solera, announced the release of SmartSense for Inattentive Driving+, the next generation of SmartSense. SmartSense for Inattentive Driving+’s integrated cab-facing cameras and sensor employ AI and computer vision to detect suspected sleep, drowsiness, cell phone usage, smoking, and general inattention, alerting drivers to take action to avoid a collision. […]
Tyrone Michael Jordan Joins Axalta Board of Directors
Axalta Coating Systems (NYSE:AXTA) announced that Tyrone Michael Jordan (TJ) has been appointed to its Board of Directors, effective immediately. He will serve on the Company’s Environment, Health, Safety & Sustainability Committee and Nominating and Corporate Governance Committee. “We are extremely pleased to welcome TJ to the Axalta Board of Directors and look forward to […]
Small Business Optimism Pauses in May as Labor Shortage Slows Growth
A record-high 48% of owners have unfilled job openings. The National Federation of Independent Business (NFIB) Small Business Optimism Index fell 0.2 points in May to 99.6. May saw a slight pause in the recovery of small business optimism after steadily increasing each month in 2021. As reported in NFIB’s monthly jobs report, a record-high […]
O’Rielly Chevrolet Opens ADAS Calibration Center in Tucson
AirPro Diagnostics and Car ADAS Solutions announced that an affiliate of Tucson-based O’Rielly Chevrolet will open an ADAS calibration center, Tucson ADAS Calibration Center, LLC (TACC), to serve the Tucson and Southern Arizona markets. “We welcome TACC to the Car ADAS Solutions family of best-in-class calibration centers,” stated Greg Peeters, Car ADAS founder and CEO. […]
NOVUS Glass Adds New Location in British Columbia
NOVUS Glass announced a new location in Richmond, British Columbia, Canada. Owner operator Victor Law has been in the automotive business for over 25 years, beginning with operating a Vancouver-based gas station that also housed a mechanical repair business. In 2005, he opened a full-scale auto center in Richmond to meet the growing regional demand […]
Axalta Signs New Five-Year Contract with Nissan in Turkey
Axalta has signed a five-year contract with Nissan Otomotiv A.Ş, the Turkish arm of the global automotive manufacturer, to deliver products and services for passenger cars throughout the manufacturer’s Turkish network through 2026. The commercial agreement, which came into effective earlier this year, will be fulfilled via Axalta’s premium global refinish brand, Standox. Nissan dealerships […]
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