CCC Intelligent Solutions Inc. and Dragoneer Investment Group, LLC completed the previously announced business combination of CCC and Dragoneer Growth Opportunities Corp., a special purpose acquisition company (SPAC) formed by Dragoneer Investment Group on July 30. The Business Combination was approved by Dragoneer shareholders at a special meeting held July 29. Starting today, the common […]
Michelle Sullivan Appointed U.S. Sales Director at AkzoNobel
AkzoNobel today announced that Michelle Sullivan is appointed Sales Director for its Vehicle Refinish (VR) US-East Region effective August 1. Michelle reports directly to John Griffin, Regional Commercial Director – AkzoNobel Automotive & Specialty Coatings, Americas, and President – AkzoNobel, Inc. In her new role, Michelle is responsible for leading sales efforts across all VR […]
July Gas Consumption and Interstate Traffic Continues Near Pre-Pandemic Levels
Following record gasoline demand on weekly basis leading into July 4 holiday, the four-week moving average has remained within 1% of 2019 levels. Interstate passenger traffic at similar levels. The recovery in gasoline consumption and traffic volume has held following the record demand leading into the July 4 holiday in the U.S. The four-week moving […]
Automotive Lift Institute Reports Counterfeit Gold Certification Label Found in Ontario, Canada
The Automotive Lift Institute (ALI) warned of counterfeit gold “Certified Automotive Lift” labels being applied to automotive lifts. The ALI safety notification said that that certain automotive lifts from Budget Automotive Equipment Inc. installed in Ontario and possibly other Canadian provinces or U.S. States may bear a fraudulent declaration of compliance and product certification intended […]
I-CAR Announce Board Election Results
The Inter-Industry Conference on Auto Collision Repair (I-CAR) Board of Directors announced the election of four individuals to fill open board seats, including two members returning for a second, three-year term. The Board’s election process concluded on July 14 and new board members will assume their roles immediately following the August 25 I-CAR Board of […]
Insurance Associations Defend Auto Insurer Pricing Factors
Following calls by consumer groups for the U.S. Treasury Department’s Federal Insurance Office (FIO) to update its 2017 auto insurance affordability study, two insurance groups commented on the proposals. David Snyder, vice president of the American Property Casualty Insurance Association’s Policy, Research and International Division (APCIA) said, “We support the Department of Treasury’s Federal Insurance […]
LKQ Reports Second Quarter Revenue of $3.4 Billion
Announces additional $1 billion stock repurchase program. LKQ Corporation today reported revenue for the second quarter of 2021 was $3.4 billion, an increase of 30.8% compared to $2.6 billion in the second quarter of 2020 that had been impacted by the pandemic. For the second quarter of 2021, parts and services organic revenue increased 21.9%, […]
Honda Collision Repair Focus of August 12 Guild 21 Webinar
VeriFacts Automotive, LLC announced that the next Guild 21 Webinar will be held on Thursday, August 12 at 2 p.m. (EDT) and focus on All Things Honda. The 60-minute presentation will feature Scott Kaboos, America Honda Motor Company’s national assistant manager of Collision Repair Training and Technology. Kaboos will be joined by John Chambers, Honda’s […]
Crash Champions Hosts 10th Annual Make-A-Wish Foundation Fundraiser
Crash Champions, LLC announced that its 10th annual Make-A-Wish Foundation golfing fundraiser has raised $15,000, the highest one-year total in the event’s history. The event had 160 golfers hitting the links at Gleneagles Country Club in Lemont, Illinois to support life changing wishes for children with critical illnesses, with funds raised through vendor sponsorships, golfer […]
Enterprise Holdings Awards $7 Million to Nearly 700 Nonprofits Working to Advance Social and Racial Equity
Enterprise Holdings, through the Enterprise Holdings Foundation, is awarding its inaugural local Enterprise Holdings ROAD Forward grants to nearly 700 nonprofit organizations addressing social and racial equity gaps facing youth and families in communities across the globe. Combined, the grants total more than $7 million in 2021. The announcement is another step in the ROAD […]
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