Marks the first step to let voters weigh in on revisions to regulations that would extend consumer and third-party access to telematics data necessary for mechanical and collision repair. The Massachusetts Right to Repair coalition received approval this week for its 2020 ballot initiative to revise regulations in the Commonwealth that guarantee consumers and their […]
Jeff Liaw Named President of Copart
Copart, Inc. (NASDAQ:CPRT) announced that Jeff Liaw had been promoted to the position of President, effective September 3, 2019. Liaw will report directly to Chief Executive Officer Jay Adair. Prior to his elevation to President, Liaw, 42, served as Copart’s Senior Vice President and Chief Financial Officer, a position he has held since January 4, […]
Australia’s Suncorp Reported Considering Sale of ACM Parts and Capital SMART
According to an article in the Australia Financial Review, Australia insurer Suncorp Group is considering a sale of its automotive parts supplier business, ACM Parts. According to the article, the insurer and financial services company has hired Deloitte Corporate Finance to oversee a strategic review for the division that may led to a sale of all […]
California Insurance Commissioner Responds to Concerns Over Insurance Industry Reelection Campaign Donations, Meetings with Execs
In a letter to Californians on September 3, Insurance Commissioner Ricardo Lara responded to growing concerns over his reelection campaign’s acceptance of funds from executives and family members of insurance companies regulated by his office, breaking a campaign promise and the precedent of previous commissioners. The donations and closely timed meetings with insurance executives with […]
PPG Selected for DOE Partnership to Develop Adhesives for Lightweight Vehicles
PPG (NYSE:PPG) announced that it has been selected for a U.S. Department of Energy (DOE) partnership that will use supercomputing resources to accelerate the development and testing of structural adhesives for vehicles built from lightweight materials. The project was authorized by the DOE Vehicle Technologies Office, with funding provided by the High Performance Computing for […]
National Associations Respond to New Hampshire Insurance Commissioner Op-Ed on Vetoed Collision Repair Procedure Legislation
Commissioner Elias said in August 30 editorial that there is no proof of safety concerns suggested by proponents of bill requiring repairers to perform and insurers to pay for OEM collision repair procedures. Associations cite Texas case of improper repairs that led to lawsuit. In a letter today, the Alliance of Automotive Service Providers (AASP), […]
Copart Reports Fiscal Fourth Quarter Revenue Up 20.8%
Copart, Inc. (NASDAQ:CPRT) reported its financial results for it fiscal fourth quarter and year ended July 31. For the fourth quarter, Copart reported revenue of $542.6 million, gross profit of $242.6 million, and net income of $153.5 million. These represent an increase in revenue of $93.4 million, or 20.8%; an increase in gross profit of […]
Mitchell Introduces Cloud-Based Glass Claim Platform
Mitchell announced it has merged its glass claims, repair and replacement solutions into the Mitchell cloud platform to create Mitchell Cloud Glass. This product provides a point-of-sale glass solution for repair and replacement facilities, while modernizing Mitchell’s claims platform for carriers. Mitchell’s new point-of-sale solution, designed as a replacement for the Mitchell GlassMate solution, enhances […]
Chief Donates Welders and Rivet Gun to Collision Repair Education Foundation Top Tech Competition Prize Pool
The Collision Repair Education Foundation announced that Chief Automotive Technologies has donated welders and a rivet gun to be awarded to the collision business whose team places in the top three at this month’s inaugural Top Tech Mentor/Mentee Competition. The donation is in addition to the cash prize pool for the event. The goal of […]
Brian Hoekstra Named Vice President of Mergers and Acquisitions at Lawson Products
Lawson Products, Inc. (NASDAQ:LAWS) announced the appointment of Brian Hoekstra as vice president of mergers and acquisitions, a newly created position. Hoekstra will report directly to Michael DeCata, president and chief executive officer. “A key aspect of our growth strategy involves growing revenues and earnings through acquisitions. Brian comes to us with excellent experience and […]
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