Axalta Coating Systems Ltd. (NYSE:AXTA) today announced that its Board of Directors has concluded its review of strategic alternatives that was announced last June. Over the course of the nine-month review, Axalta’s Board, led by its Strategic Review Committee, explored multiple alternatives to maximize shareholder value, including a comprehensive sale process for the company, as […]
Mitchell Announces AI-Enable Intelligent Estimating Solution
Mitchell today announced U.S. commercial availability of Mitchell Intelligent Estimating an artificial intelligence (AI)-enabled claims automation solution. The solution, first announced at Mitchell’s mPower Conference in October 2019, provides an end-to-end framework that leverages artificial intelligence, a cloud-based estimating system, and patent-pending intellectual property and data – which turns photos of damaged vehicles into component-level […]
CCC Launches COVID-19 Pandemic Small Business Resource Center
CCC Information Services Inc. (CCC) announced the creation of an information and resource page to help small businesses across the industry facing mounting challenges related to the COVID-19 pandemic. The resource guide includes links about the Small Business Administration loan program, related loan application forms, and information on legislative and industry relief efforts. “Every person, […]
ASE Certification Expiring on June 30 Extended Until December 31
ASE has automatically extended all ASE certifications expiring on June 30, 2020 to a new date of December 31, 2020, it was announced today by Tim Zilke, president and CEO of the National Institute for Automotive Service Excellence (ASE). “During these challenging times, we don’t want service professionals to worry about expiring ASE certifications. To […]
CIECA April 6 Webinar Addresses How Industry is Addressing Coronavirus Challenges
The Collision Industry Electronic Commerce Association (CIECA) will host a webinar on April 6 at noon (EDT) on How Our Industry is Addressing the Challenges Created by the Coronavirus Speakers from various segments of our industry will highlight innovative ways companies can continue to provide high-quality service while coronavirus restrictions are effective on our industry. […]
PPG Donates 80,000 Masks to Hospitals in Pittsburgh, New York, Cleveland, Detroit, Huntsville to Support Coronavirus Relief Efforts
PPG (NYSE:PPG) announced that it will donate 80,000 masks to hospitals in Pittsburgh, New York, Cleveland, Detroit and Huntsville, Ala., in support of Coronavirus relief efforts. A supply of 20,000 N95 masks were recently distributed to UPMC and Allegheny Health Network hospitals in Pittsburgh, PPG’s global headquarters community. An additional 50,000 surgical masks and 10,000 […]
AASP/NJ Members Donate Much-Needed Supplies during Coronavirus Crisis
Members of the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) have stepped up to donate much-needed supplies to health, safety and rescue personnel. While cleaning his shop during this downtime, Ted Rainer of Ocean Bay Auto Body in Point Pleasant discovered he still had several boxes of N95 respirators that he had purchased […]
CCC Donates $100,000 to Industry COVID-19 Fund
The Collision Industry Foundation (CIF) announced that CCC Information Services Inc. (CCC) has donated $100,000 to the CIF COVID-19 fund to support collision repair professionals impacted by the COVID-19 pandemic, matching the initial $100,000 funded by CIF. CIF is the charitable arm of the collision repair industry and is dedicated to raising, managing and donating […]
Outlook for National Economy in Wake of COVID-19 Response Weighs on March Consumer Sentiment
Consumer sentiment tumbled 11.9 index points in March, the fourth-largest one-month decline in nearly a half century, according to the University of Michigan Surveys of Consumers. The University of Michigan Consumer Sentiment Index fell to 89.1 in the March 2020 survey, down from 101.0 in February and 98.4 in last March’s survey. The Expectations Index […]
New Vehicle Sales Projected Down Over 35% in March Compared to 2018
With many dealership sales departments closed due to essential businesses restrictions, Edmunds analysts forecast a SAAR of 11.9 million in March. Associations push to reopen sales as essential services. Edmunds projects that March will be a down month for the auto industry due to the coronavirus (COVID-19) pandemic, forecasting that 1,044,805 new cars and trucks […]
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