Copart, Inc. (NASDAQ:CPRT) announced a strategic partnership with CHAMPtitles, a developer of online title processing software. Together, they are pleased to introduce an automated digital platform for car sellers, including insurance companies, that alleviates the need for manual paper and mail-oriented vehicle title processing. “At Copart, we are constantly striving to deliver industry leading solutions […]
Michael Selman Named National Director of Inside Sales at Original One Parts
Original One Auto Parts, LLC, a portfolio company of private equity firm Kinderhook Industries, LLC, announced that Michael Selman has joined the team as the National Director of Inside Sales. “We are excited to have Michael join our team as we continue to focus on providing the highest quality original OE parts at competitive prices […]
Farmers Closes Acquisition of MetLife Auto & Home Property and Casualty Business
The Farmers Exchanges and Farmers Group, Inc. (FGI) announced they have jointly completed the previously announced acquisition of MetLife’s property and casualty business for a purchase price of $3.94 billion as of April 7, assuming responsibility for 2.4 million policies in force. The closure provides the Farmers brand significant opportunity to expand its customer reach with […]
AASP-MN Announces 2021-2022 Board of Directors
April marks the beginning of service for the 2021 – 2022 the Alliance of Automotive Service Providers of Minnesota (AASP-M) Board of Directors. The Alliance announced it welcomed new board members Travis Doyle, Arrowhead Auto Body, Duluth and Mike McLynn, Automotive Electric, Grand Rapids. The new members join others on the Board including: Tom Archambault, […]
Podium Introduces Card Readers
Podium, the communication and payments platform, announced the release of Podium Card Readers, point-of-sale connected devices that provide more ways for local businesses to collect and manage their payments. The company’s first physical products, Card Readers drive repeat business and enable frictionless payments via text and in-store, allowing local businesses to connect payments to the […]
Volkswagen AG Approves Car-O-Liner Resistance Spot Welder
Car-O-Liner announced it has received another prestigious approval from Volkswagen Automotive Group for its VAS 6755A fully automatic resistance spot welder. “We are proud to announce the newest addition to our Volkswagen-approved systems, the Car-O-Liner VAS 6755A welder,” said Tim Garner, market development manager for Car-O-Liner. “The VAS6755A resistance welder was certified by third-party testing […]
March Light Vehicle Sales Shatter Expectations in the U.S.
Annual selling rate of 18 million units is the highest ever for the month. Despite global production interruptions caused by parts shortages, US sales rebounded strongly in March. LMC Automotive reports that volumes reached 1.61 million Light Vehicles, making this the third best March in history – with higher volumes only recorded in 2000 and […]
Boyd Group Acquires Collision Repair Center in Milwaukee
The Boyd Group Inc. announced the acquisition of a collision repair center in Milwaukee, Wisconsin. The new Gerber Collision & Glass location operated as Prestige Auto Works and has served this market for nearly 40 years. Milwaukee is the largest city in Wisconsin with a metropolitan population of over 2 million people and is the […]
Auto Care Association Says Supreme Court Ruling Affirms Industry Ability to Build Replacement Parts Compatible with OEM Software
The Auto Care Association reacted in support of the Supreme Court’s ruling in the Google v. Oracle case surrounding a decade-long copyright dispute over software. “The Auto Care Association is pleased with the April 5 decision by the Supreme Court, which stated that application program interfaces are fair use for building compatible components,” said Aaron […]
Hertz Selects Equity Sponsor for Chapter 11 Exit
Hertz Global Holdings, Inc. (OTCPK:HTZGQ) announced April 3 that it has selected an enhanced proposal from Centerbridge Partners, L.P., Warburg Pincus LLC, and Dundon Capital Partners, LLC to provide the equity capital required to fund Hertz’s exit from Chapter 11, keeping the Company on track to conclude its Chapter 11 case in June 2021. Hertz […]
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