Drew Technologies, Inc., an Opus IVS division company, acquired US-based AutoEnginuity, LLC for a purchase price of approximately $20 million on a cash-free and debt-free basis. All conditions for completion of the acquisition of AutoEnginuity have been met. AutoEnginuity, founded in 2003 and headquartered in Mesa, Ariz., has developed into a leader in advanced aftermarket […]
Consumers Remained Optimistic About Economic Prospects in December
Consumer sentiment rose in the December 2019 survey to near the top of the favorable range it has traveled during the past three years, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index rose to 99.3 in December, posting its fourth monthly gain from the low of 89.8 in August. The […]
CCAR and TechForce Foundation Partner on Be a Pathfinder Campaign
The Coordinating Committee For Automotive Repair (CCAR) and TechForce Foundation are partnering for the Be A Pathfinder promotion designed to engage students and their influencers through exploring learning styles and career roadmaps. The Be a Pathfinder campaign guides future technicians, parents and influencers to recognize the life-long opportunities of a career in the transportation industry […]
Todd Combs Named CEO of GEICO
Bill Roberts, GEICO’s president and CEO, has announced that he will retire from GEICO in December 2020. Roberts began his career with GEICO in 1984 as an officer in the Marketing department. Over his 35-year career, he has helped lead GEICO to become the second largest auto insurance company in the U.S. Roberts became vice […]
Steve Carpenter Named Midwest RVP at Dent Wizard
Dent Wizard International recently promoted Steve Carpenter to regional vice president of the Midwest Region. Carpenter most recently served as Dent Wizard’s vice president of operations. Carpenter will replace Dean Christian, who will be retiring from Dent Wizard in March 2020 after serving with the organization since 1996. In his new role, Carpenter will be […]
Boyd Group Completes Conversion to Public Corporation
O’Day assumes role of President and CEO as part of previously announced succession plan. The Boyd Group Services Inc. (TSE:BYD) (BGSI) announced today the completion of its previously announced conversion of the Boyd Group Income Fund from an income trust to a public corporation. BGSI common shares will begin trading today on the Toronto Stock […]
Four Vehicle Manufacturers Meet Automatic Emergency Braking Commitment Ahead of 2022 Target
Four vehicle manufacturers equipped virtually all the light vehicles they produced for the U.S. market between Sept. 1, 2018, and Aug. 31, 2019, with automatic emergency braking (AEB), three years ahead of a 2022 target. Audi and Volvo joined Mercedes-Benz and Tesla, which hit the target last year, in outfitting all their light passenger vehicles […]
NADA Forecasts Slight Decline in 2020 U.S. Auto Sales to 16.8 Million New Vehicles
The National Automobile Dealers Association (NADA) released its annual new-vehicle sales forecast for 2020 in December. The group predicts a slight decline in sales and continued movement away from cars to light trucks. “We expect new light-vehicles sales will come in at 16.8 million units for 2020, roughly a 1.2 percent drop from 2019 sales […]
Allstate Announces Esurance Brand Will Be Retired in 2020 as Part of Growth Plan
The Allstate Corporation (NYSE: ALL) announced a new growth plan that leverages the Allstate brand, people and technology to accelerate growth in its personal property-liability business. Allstate, the fourth largest private passenger automobile insurer in the U.S. by premiums written in 2018, has seen its share of the auto market share decline in recent years. […]
Washington Independent Collision Repairer’s Association Affiliates with SCRS
The Society of Collision Repair Specialists (SCRS) announced that the Washington Independent Collision Repairer’s Association (WICRA) is the latest state association to affiliate with SCRS. WICRA was established in April 2019, and announced to the industry in November with industry advocacy work kicking off in the state capitol immediately following the association’s launch. The main […]
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