Crash Champions today announced Bill Davidson has joined the senior leadership team as Chief Human Resources Officer. Davidson joins Crash Champions after serving as Senior Vice President and Chief People Officer at Insurance Auto Auctions (IAA), (NSYE: IAA). “Welcoming Bill to our senior leadership team is a tremendous addition for Crash Champions as we continue […]
Easing Inflation Pressures Lifted Consumer Sentiment in December
While up, sentiment remains at levels near the lows of the early 1980s. Consumer sentiment rose 5% in December, recovering the declines from November, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index rose to 59.7 in the December 2022 survey, up from 56.8 in November and below last December’s 70.6. […]
Carousel Motor Group Enters Wisconsin Market with Hudson Ford Acquisition
Carousel Motor Group announced today that it has acquired Hudson Ford, the number one selling Ford dealership in Wisconsin for the last 5 years. The acquisition of the Hudson Ford dealership, located at 2020 Crest View Drive, in Hudson, Wisc., near I-94 and Carmichael Road, marks Carousel Motor Group’s first Ford dealership in its portfolio […]
Ritchie Bros. and IAA Receive Regulatory Clearances for Proposed Merger
Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSE: RBA) and IAA, Inc. (NYSE: IAA), announced December 20 the expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 and receipt of a no-action letter from the Canadian Commissioner of Competition with respect to the pending acquisition of IAA by Ritchie Bros. The […]
Root Insurance Investigating $9.5 Million in Marketing Payments by Former Employee
In a filing with the Securities and Exchange Commission, Root Inc. (NASDAQ: ROOT), the parent company of Root Insurance, announced the Audit, Risk and Finance Committee of its Board of Directors has engaged outside counsel to conduct an internal investigation into a series of marketing services transactions that a former senior marketing employee entered into […]
Allstate Announces Net Zero Emissions Commitment
The Allstate Corporation (NYSE:ALL) announced it has committed to achieve net zero emissions for direct, indirect and value-chain greenhouse gas emissions by 2030. It will also set a target year for achieving a net zero investment portfolio by the end of 2025. The pledge by Allstate, the fourth largest private passenger auto insurer in the […]
Nick Stosic Named Interim Commissioner at Nevada Division of Insurance
Nevada’s Director of the Department of Business and Industry, Terry Reynolds yesterday announced the appointment of Nick Stosic as Interim Insurance Commissioner at the Nevada Division of Insurance, effective today. The appointment was made following the resignation of Barbara Richardson, who has served in the role since March 2016. Stosic most recently served as the […]
Wesco Group Acquisition Marks Entry into Ontario, Canada
Group operates more than 134 paint, body and equipment supply stores in North America. Color Compass Corporation, part of the Wesco Group, acquired Treschak Enterprises located in Welland, Ontario, Canada. This acquisition expands the footprint of Canada’s largest independent auto body supply distributor within the Canadian marketplace. The combined Wesco Group, which includes Wesco, Color […]
PGW Auto Glass Announces Two Acquisitions
PGW Auto Glass, LLC announced two acquisitions. On December 27, the company announced it acquired American Glass Distributors, the largest independent wholesale distributor of auto aftermarket glass and supplies in the southern United States. American Glass is headquartered in Ft. Worth, Texas, and operates 14 locations throughout Texas, Louisiana, and Oklahoma. On January 3, the […]
PPG Announces Leadership Appointments
PPG (NYSE:PPG) announced on Tuesday several leadership appointments, effective immediately. Ram Vadlamannati, currently senior vice president, protective and marine coatings (PMC), and president, PPG EMEA (Europe, Middle East and Africa), will transition to lead a newly created PPG operations organization, while maintaining executive oversight accountability of PPG’s EMEA region. He will report to PPG president […]
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