Tractable announced the launch of AI Subro, a new solution that will help US auto insurers resolve subrogation tasks with artificial intelligence (AI). AI Subro digitizes and accelerates many of the tasks involved in subrogation – the process by which insurers legally pursue third parties that have caused losses to the insured. At present, subrogation […]
FTC to Ramp Up Law Enforcement Against Illegal Manufacturer Repair Restrictions
Commission unanimously adopts policy statement aimed at restoring Right to Repair for small businesses, workers, consumers, and government entities. The Federal Trade Commission yesterday unanimously voted to ramp up law enforcement against repair restrictions that prevent small businesses, workers, consumers, and even government entities from fixing their own products. The policy statement adopted today is […]
UVeye Secures $60 Million in New Investments
CarMax, W.R. Berkley Corporation and F.I.T. Ventures among UVeye’s Series C Investors. UVeye, a supplier of high-speed vehicle inspection systems for the auto industry, has obtained $60 million in additional funding to support its global expansion plans. CarMax, W.R. Berkley Corporation and F.I.T. Ventures are among the participants in UVeye’s Series C funding round. CarMax, […]
AkzoNobel Sets Carbon Reduction Target to Tackle Climate Change
AkzoNobel is following up on its commitment to setting science-based sustainability targets by announcing carbon reduction targets for the full value chain. AkzoNobel’s target is to reduce carbon emissions for the whole value chain by 42% by 2030 versus a 2020 baseline. This will apply to the company’s own operations, as well as its partners, such […]
ASE Education Foundation to Present Student Career Survey Results at Instructor Conference
The ASE Education Foundation will present the results of its recent survey of current and former automotive students during the upcoming ASE Instructor Training Conference. Scheduled for July 26-30, the virtual conference is open to all high school and college instructors from auto, truck and collision repair programs nationwide. Registration for the Instructor Training Conference […]
Boyd Group Acquires 35 Collision Works Collision Repair Centers
Adds 35 locations in Kansas, Missouri and Oklahoma. The Boyd Group Inc. announced an agreement to acquire Collision Works of Oklahoma, LLC a multi-store operation consisting of 35 collision repair centers located in Kansas, Missouri and Oklahoma. The transaction is expected to be completed within the next few weeks, subject to certain closing conditions being […]
Argo AI and Ford to Launch Self-Driving Vehicles on Lyft Network in Miami by End of Year
Plans to expand autonomous ride hailing to Austin, Texas in 2022. Argo AI, Lyft and Ford Motor Company are working together to commercialize autonomous ride hailing at scale. The unique collaboration brings together all of the parts necessary to create a viable autonomous ride hailing service, including the self-driving technology, vehicle fleet and transportation network […]
Boyd Group Acquires Collision Repair Center in Wisconsin
The Boyd Group Inc. announced the acquisition of a collision repair center in Appleton, Wisc. This new Gerber Collision & Glass repair center operated as Peotter’s Collision Center at its current location since 1992. Appleton is the county seat of Outagamie County and the sixth largest city in Wisconsin. “We welcome the Appleton team to […]
Boyd Group Selects Opus IVS as Diagnostic Partner
Opus IVS announced that Boyd Group Services Inc., which operates as Gerber Collision & Glass in the United States and as Boyd Auto Body & Glass and Assured Automotive in Canada, has entered into an agreement to deploy the Opus IVS, formerly known as Drew Technologies, collision scanning solution to all locations. Boyd worked with […]
AkzoNobel Reports Revenue Up 26% in Second Quarter
Revenue was also up 8% from Q2 2019 in constant currencies. AkzoNobel reported revenue of €2.511 billion ($2.96 billion) up 26% from the second quarter of 2020 impacted by the pandemic. The result was also 29% higher in constant currencies, with volumes up 26%, mainly due to strong end market demand. According to the company, […]
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