LKQ Corporation (NASDAQ: LKQ) announced that it has appointed Jacob H. Welch of ValueAct Capital to its Board of Directors effective today. Joseph Holsten, Chairman of LKQ Corporation stated, “We are delighted to welcome Jake to LKQ’s Board. Jake’s investment management track record and public market experience will further complement the diverse skills and experience […]
Fix Auto USA Adds Collision Repair Center to Network in California
Location is eighth for Richard Fish and second for Bryan Wendt in franchise network. Fix Auto USA announced its newest location, Fix Auto Lake Forest in Orange County, Calif., was added to its network. Fix Auto Lake Forest is the eighth California location for Franchise Partner Richard Fish and second for Bryan Wendt, who, with […]
Volkswagen Car-Net selects CCC Information Services for Insurance Telematics Services
CCC Information Services Inc. and Volkswagen Car-Net announced today that CCC has become the automaker’s exclusive provider of insurance telematics services for the newest generation of VW Car-Net, included in most model year 2020 and 2021 vehicles. Upon customer consent, the CCC X data exchange will utilize driving data from Volkswagen Car-Net, the automaker’s connected […]
Hyundai Structural Repair Procedures and Material Guidelines Now Available in Mitchell Software
Mitchell today announced availability of Hyundai structural repair procedures and material guidelines in Mitchell’s software. Mitchell finished the integration immediately following Hyundai’s mid-July release of four models. The structural repair procedures and material guidelines for the 2019-20 Santa Fe, 2020 Sonata and 2020 Palisade are now available in the Mitchell TechAdvisor solution and through the […]
Hertz Global Holdings Reports Global Revenue Down 67% in Second Quarter
Hertz Global Holdings, Inc. (NYSE:HTZ) today reported results for its second quarter 2020 with revenue of $832 million, a net loss of $847 million and adjusted Corporate earnings before interest, taxes, depreciation and amortization (EBITDA) of negative $587 million. Liquidity at the end of the second quarter was $1.4 billion. In May, Hertz filed for […]
Axalta Extends Partnership with I-CAR Canada through the Sustaining Partner Program
Axalta (NYSE:AXTA) today announced that they have extended their participation in I-CAR’s Sustaining Partner Program in North America to include Canada, which was effective July 1, 2020. Axalta’s participation in the Program offers Refinish students more accessible and affordable training, either virtually or in-person, at any of Axalta’s Learning and Development Centers, while earning Platinum […]
GEICO Reports Collision Claims Frequencies Were Down 24-26% in First Half of 2020
Collision severity up for first half. Overall premiums written were down 7% in the quarter and 1.1% for first six months. On August 8, Berkshire Hathaway Inc. reported its second quarter earnings, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company’s quarterly report, GEICO generated pre-tax […]
Fix Auto Canada Adds Collision Repair Center to Network in British Columbia
Fix Auto Canada announced the opening of a second Fix Auto location in Victoria, BC. on Millstream Road. Owner Ian Franklin is excited to expand his operations on Vancouver Island following the success of his first location in Victoria, Fix Auto West Shore. Franklin has owned and operated the West Shore facility for the past […]
Automotive Recyclers Association November 11-14 Annual Convention Will Be Virtual
The Automotive Recyclers Association (ARA) announced today that the upcoming 77th Annual Convention & Exposition will be a 100 percent virtual event. Originally scheduled to take place November 11-14 in person at the Peppermill Resort & Cason in Reno, Nev., Association leaders decided last week to transition into an all virtual event due to ongoing […]
IADA Plans August 28 Webinar
The Independent Automotive Damage Appraisers Association (IADA) announced that following the success of the Auto Appraiser Summit on July 24, it will be presenting another webinar on Friday, August 28 at 3 p.m. (EDT) featuring more presentations on the latest in the industry. Registration for the event is available online. Presenters for the event include: […]
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