At the 2021 NABC Annual Meeting, the National Auto Body Council held its board elections for the upcoming year. In addition to re-electing five members whose terms were expiring, it also welcomed two new members to the National Auto Body Council Board. Active members in attendance at the virtual NABC annual meeting had an opportunity […]
Linden Wicklund Named Executive Director of AASP-MN
The Alliance of Automotive Service Providers of Minnesota (AASP-MN) announced that Linden Wicklund has been selected as the association’s executive director following the retirement of longtime leader, Judell Anderson, CAE, at the end of the year. Wickund will transition into the role working alongside Anderson starting on November 29. The association undertook a thorough and […]
Boyd Group Reports Sales of Over $490 Million in Third Quarter
Sales were up 28.4% over last year. Same store sales up 10.7%. Labor shortage and parts supply issues constrain ability to meet demand. Boyd Group Services Inc. (TSE:BYD.TO) today announced sales increased by 28.4% to $490.2 million in the third quarter ended September 30, up from $381.7 million in the same period of 2020, including […]
Lemonade To Acquire Auto Insurer Metromile
Lemonade (NYSE:LMND) announced an agreement to acquire Metromile (NASDAQ: MILE, MILEW), the data science company focused on auto insurance, in an all-stock transaction that implies a fully diluted equity value of approximately $500 million, or just over $200 million net of cash. Under the terms of the transaction, Metromile shareholders will receive Lemonade common shares […]
NFIB Joins With 10 Business Groups to Challenge OSHA’s Private Business Vaccine Mandate
NFIB files petition for review at the U.S. Fifth Circuit Court of Appeals. The National Federation of Independent Business (NFIB) filed a legal challenge November 9 against the Biden Administration’s emergency temporary standard, which would mandate businesses with 100 or more employees require workers take the COVID-19 vaccine or undergo weekly testing and wear masks […]
FHWA and NHTSA Announce Crash Responder Training Program for Safety Week
The U.S. Department of Transportation’s Federal Highway Administration (FHWA) and National Highway Traffic Safety (NHTSA) Administration marked the beginning of Crash Responder Safety Week on Monday by spotlighting the training offered by the FHWA for first responders. Designed by and for responders, the Traffic Incident Management (TIM) training helps teams of police, firefighters, highway workers, […]
AirPro Diagnostics Enhances ADAS Calibration Solutions
AirPro Diagnostics announced ongoing enhancements to its AirPro Diagnostic Assist System (A.D.A.S.) to offer test drive/dynamic systems verification integrated directly into its workflow. “The A.D.A.S. platform was the first of its kind. Services that are just now being announced by others, we have been providing to our customers for months, if not years. The A.D.A.S. […]
Electric Vehicle Manufacturer Rivian Announces Pricing of Upsized Initial Public Offering
Company will raise $11.9 billion to fund expansion. Rivian Automotive, Inc. announced the pricing of its upsized initial public offering of 153,000,000 shares of Class A common stock at a public offering price of $78.00 per share, valuing the company at over $77 billion In addition, Rivian has granted the underwriters a 30-day option to […]
LexisNexis Analysis Shows Advanced Driver Assistance Systems Are Reducing Loss Costs
Report shows lower auto claims frequency and loss costs on ADAS equipped vehicles. LexisNexis Risk Solutions announced a new analysis of the relationship between Advanced Driver Assistance Systems (ADAS) features and U.S. auto insurance claims, which counters common insurance industry sentiment that ADAS repair costs offset ADAS loss cost benefits. The results are featured in […]
Crash Champions Acquires Collision Repair Center in Northern Florida
Crash Champions, LLC announced today it has acquired Florida-based Sunbeam Autobody, consisting of two Jacksonville, Fla. locations – a 56,000 square foot facility at 5200 Sunbeam Road and a 15,000 square foot facility at 7135 Atlantic Boulevard. With the addition of Sunbeam, Crash now has 15 locations across the state of Florida. “Sunbeam represents a […]
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