Highest proportion of consumers indicated improvements in finances last month since 1998 According to the University of Michigan Survey of Consumer Sentiment, U.S. consumer sentiment remained quite favorable in February, at its second highest level since 2004. Consumers based their optimism on favorable assessments of jobs, wages, and higher after-tax pay. High consumer sentiment, coupled […]
Tom O’Brien Named Chairman of PartsTrader Markets Limited
PartsTrader announced today the appointment of Thomas (Tom) O’Brien as Chairman of the Board of Directors for PartsTrader Markets Limited (PTML). PTML is the parent company of PartsTrader LLC, the leading parts procurement platform serving the collision repair industry in the US. “It’s an exciting time to be joining the PartsTrader board,” said O’Brien. “With […]
Mazda and Toyota Establish U.S. Manufacturing Joint-Venture Company
Mazda Motor Corporation and Toyota Motor Corporation have established their new joint-venture company, Mazda Toyota Manufacturing, U.S.A., Inc. (MTMUS), that will produce vehicles in Huntsville, Ala. starting in 2021. The new plant will have the capacity to produce 150,000 units of Mazda’s crossover model that will be newly introduced to the North American market and […]
Fayetteville Collision Repair and Refinishing Program Draft Days March 13-14
Fayetteville Technical Community College (FTCC) announced that “Draft (Hiring) Days” have been scheduled in conjunction with the upcoming class of 2018 graduation for students in its Collision Repair and Refinishing Technology and Automotive Systems Technology programs. The two-day event consists of student observations by employers on Tuesday, March 13, from 1-4:30 p.m., followed by opportunities […]
Waymo Expanding Heavy-Duty Truck Self-Driving Technology Pilot to Georgia
Waymo’s, the former Google self-driving car project, announced it is turning its attention to the trucking industry. Starting next week, Waymo will launch a pilot in Atlanta, Ga. where its self-driving trucks will carry cargo bound for Google’s data centers. Over the past year, Waymo has been conducting road tests of its self-driving trucks in […]
Fenix Parts Begins Proxy Solicitation for Merger
Fenix Parts, Inc. (Pink Sheets:FENX) announced that proxy materials have been mailed to stockholders of record as of the close of business on February 27, in order to allow them to vote on the proposed merger with an affiliate of Stellex Capital Management LP that was announced last month. A copy of the proxy statement […]
Car-O-Liner Announces Nissan and Infiniti Collision Repair Equipment Approvals
Car-O-Liner announced the approval from Nissan and Infiniti for the following collision repair products: CR200 Short Cycle Steel and Aluminum Spotter Aluminum Workstation including the CR200 Spotter NWS 1200 Nitrogen Plastic Welder Car-O-Liner’s Aluminum Workstation employs the short cycle weld process of the CR200 while using keys, studs and pins for effective dent repairs. The […]
Diamond Standard Releases Results of 2009 Honda Fit 40 MPH IIHS Moderate Overlap Crash Test
Diamond Standard Parts, the Tennessee-based manufacturer of non-OEM collision repair parts, released results of crash tests it commissioned to demonstrate the performance of its bumper reinforcements meet OEM specifications. On February 21, MGA Design Research Corporation of Burlington, Wisc. performed a 40 mile per hour (MPH) moderate overlap test to the Insurance Institute for Highway […]
California Regulator Orders Access Insurance Company to Stop All Business Operations
California Insurance Commissioner Jones issued a Cease and Desist Order against Access Insurance Company, which requires the company to immediately stop transacting, soliciting, negotiating, or administering and writing any new or renewal insurance business of any kind in the state of California. According to the insurance company’s website it is licensed to provide auto insurance […]
Axalta Refinish Business Receives Global Leadership Award
Based on its recent analysis of automotive refinish coatings market, Frost & Sullivan recognized Axalta Coating Systems (NYSE:AXTA) with its 2017 Global Market Leadership Award. Axalta has successfully established itself as a leader in providing best-in-class products and superior customer value through its focus on continuous innovation and dedication to maintaining strong customer relationships. “Axalta’s […]
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