Expands company’s footprint in New Jersey market. IAA, Inc. (NYSE: IAA) announced today that it has acquired the entirety of the assets of Marisat, Inc. that does business as Auto Exchange, a salvage recovery industry leader in New Jersey. IAA will operate the business of Auto Exchange going forward. Financial terms of the transaction were […]
AASP/NJ Virtual Meeting Presents Industry Solutions
To help bring forth practical solutions to help collision repairers overcome some of the industry’s most common obstacles, the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) welcomed business coach Barrett R. Smith of Auto Damage Experts, Inc. to lead a special discussion, “Are You at the End of Your Rope? Thinking There Has […]
Copart Opens New Location in North Dakota
Copart Inc. (NASDAQ: CPRT) announced a new location in Bismarck, N.D. “We’re excited to serve our customers in North Dakota from our new location in Bismarck,” said Glenn Shipman, General Manager of Copart Bismarck. Copart Bismarck will host weekly auctions at noon every Monday.
Volkswagen Plans to Use New 3D printing Process in Vehicle Production
Volkswagen is pressing ahead with the use of 3D printers in car production including components used in the A-pillar of the T-Roc convertible. For the first time, the newest process – known as binder jetting – is being used to manufacture components at the company’s main plant in Wolfsburg, Germany. Whereas conventional 3D printing uses […]
Jun Liao Named Regional President, Asia Pacific at Axalta
Axalta Coating Systems Ltd. (NYSE: AXTA) announced that Jun Liao is joining the Company as Regional President, Asia-Pacific effective July 15. Liao will report directly to CEO Robert Bryant and will manage all of Axalta’s business operations in the Asia-Pacific region and drive the Company’s growth strategy in the region. “Asia Pacific represents one of […]
Collision Repair Industry Production in March at Best Level Since Start of Pandemic
Production employment and hours worked both reach highest levels since year ago levels. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the final March employment, hours worked and wages indicated growth on both a month-over-month basis and on a year-over-year basis. Overall, total collision […]
Boyd Group Acquires Collision Repair Center in Pittsburgh
The Boyd Group Inc. announced the acquisition of a collision repair center in Pittsburgh, Pa. This new Gerber Collision & Glass location operated as Wolbert Auto Body & Repair and provided service in the community for 49 years. Pittsburgh is the second largest city in Pennsylvania, the county seat of Allegheny County, and the primary […]
Cambridge Mobile Telematics Acquires TrueMotion
Cambridge Mobile Telematics (CMT), the leader in mobile telematics and analytics, announced it has acquired TrueMotion, the second largest mobile telematics provider. CMT will now provide telematics services to 21 out of the 25 largest auto insurers in the United States, and across more than 20 countries, including Canada, the United Kingdom, Germany, South Africa, […]
Tractable Raises $60 Million
Tractable announced a $60M Series D investment led by Insight Partners and Georgian. The round doubles the total raised by Tractable from $55 million to $115 million and values the company at $1 Billion Tractable’s artificial intelligence (AI) analyzes vehicle damage photos in real time to accelerate decisions that can otherwise take days, such as […]
Australia Parliament Passes Automotive Right to Repair Law
New law requires vehicle manufacturers to provide access to service and repair information to independent automotive and collision repair facilities as well as training providers. Legislation in the Australian Parliament to require vehicle manufacturer and other affiliated data providers to make repair information supplied to dealer repair facilities available to independent repairers and training groups […]
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