Hertz Global Holdings, Inc. (NYSE:HTZ) today reported results for its second quarter 2020 with revenue of $832 million, a net loss of $847 million and adjusted Corporate earnings before interest, taxes, depreciation and amortization (EBITDA) of negative $587 million. Liquidity at the end of the second quarter was $1.4 billion. In May, Hertz filed for […]
Axalta Extends Partnership with I-CAR Canada through the Sustaining Partner Program
Axalta (NYSE:AXTA) today announced that they have extended their participation in I-CAR’s Sustaining Partner Program in North America to include Canada, which was effective July 1, 2020. Axalta’s participation in the Program offers Refinish students more accessible and affordable training, either virtually or in-person, at any of Axalta’s Learning and Development Centers, while earning Platinum […]
GEICO Reports Collision Claims Frequencies Were Down 24-26% in First Half of 2020
Collision severity up for first half. Overall premiums written were down 7% in the quarter and 1.1% for first six months. On August 8, Berkshire Hathaway Inc. reported its second quarter earnings, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company’s quarterly report, GEICO generated pre-tax […]
Fix Auto Canada Adds Collision Repair Center to Network in British Columbia
Fix Auto Canada announced the opening of a second Fix Auto location in Victoria, BC. on Millstream Road. Owner Ian Franklin is excited to expand his operations on Vancouver Island following the success of his first location in Victoria, Fix Auto West Shore. Franklin has owned and operated the West Shore facility for the past […]
Automotive Recyclers Association November 11-14 Annual Convention Will Be Virtual
The Automotive Recyclers Association (ARA) announced today that the upcoming 77th Annual Convention & Exposition will be a 100 percent virtual event. Originally scheduled to take place November 11-14 in person at the Peppermill Resort & Cason in Reno, Nev., Association leaders decided last week to transition into an all virtual event due to ongoing […]
IADA Plans August 28 Webinar
The Independent Automotive Damage Appraisers Association (IADA) announced that following the success of the Auto Appraiser Summit on July 24, it will be presenting another webinar on Friday, August 28 at 3 p.m. (EDT) featuring more presentations on the latest in the industry. Registration for the event is available online. Presenters for the event include: […]
Automechanika Dubai Rescheduled to June 2021
Messe Frankfurt Middle East confirmed Automechanika Dubai’s 18th edition, which was originally postponed to run in October 2020, will instead take place from June 7-9, 2021 at the Dubai World Trade Centre. The three-day event in 2019 featured 1,880 exhibitors from 63 countries, while drawing in 32,750 trade visitors from 146 countries, underlining its international […]
Dan Clapp from Shelter Insurance Takes Over as Chair of IIHS Board
Dan Clapp, of Shelter Insurance Companies, has assumed leadership of the Insurance Institute of Highway Safety (IIHS) Board of Directors for the remainder of 2020 and all of 2021. Clapp, executive vice president at Shelter, took over as chair in July as planned, following six months as chair-elect. Angela Sparks, vice president and actuary at […]
NOAA Warns of Extremely Active Atlantic Hurricane Season
NOAA urges preparedness as we enter peak months for hurricane development. Atmospheric and oceanic conditions are primed to fuel storm development in the Atlantic, leading to what could be an “extremely active” season, according to forecasters with NOAA’s Climate Prediction Center, a division of the National Weather Service. Yesterday, the agency released its annual August […]
MSO Symposium Going Virtual with Daily Sessions November 9-13
The Automotive Service Association (ASA) announced that the 9th Annual MSO Symposium will still take place the week of Nov. 9. MSO Symposium Week will take place from Monday, Nov. 9 and conclude on Friday, Nov. 13. The event will contain the same style sessions as in previous years but will be delivered in single-session […]
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