Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE:KAR), announced it has secured 22 real estate locations in ten states to prepare for the weather event season and potential catastrophic events. “Strategically expanding our presence helps meet demands for catastrophe (CAT) services in areas where our customers will most urgently need […]
Cambridge Automotive Group Donates $4500 for Children’s Miracle Network Hospitals
The Cambridge Automotive Group (CAG) recently donated $4500 to the Children’s Miracle Network Hospitals. The check was presented in Los Angeles on July 27. These funds will support the Children’s Hospital Los Angeles as a part of Maaco’s 45th Anniversary fundraising campaign. The Cambridge Automotive Group owns close to 40 Maaco locations in the Southwest.
Consumer Groups Call on NAIC to Disband Auto Insurance Working Group
Concerns regulators bowing to industry on data collection through third party. Consumer groups are calling on the National Association of Insurance Commissioners (NAIC) to disband its five-year old Working Group on Auto Insurance after the organization’s Auto Study Group following a decision over the weekend by the group to accept an industry plan covering data […]
Genpact Expands U.S. Claims Management Capability with Acquisition of OnSource
Genpact (NYSE:G) announced that it has acquired OnSource, provider of a leading Inspection-as-a-Service (IaaS) product for property and casualty (P&C) insurance carriers and their customers. This transaction builds upon Genpact’s recent acquisition of BrightClaim and National Vendor that has expanded the company’s U.S. claims management capabilities. Terms of the deal are not disclosed. OnSource uses […]
Fix Auto USA Launches Workshop Series September 23-25
Fix Auto USA that based upon input from its franchise partners it will deviate from its traditional Fix Auto USA annual conference and launch its Workshop Series. The inaugural event will be hosted in Los Angeles, Calif. from September 23-25th. The invitation-only event focuses entirely on providing franchise partners and their senior staff with real-world […]
Saint-Gobain Acquires TekBond in Brazil
Saint-Gobain announced it has signed an agreement to acquire TekBond, the number two adhesives business in Brazil operating in the construction sector and on the automotive aftermarket. TekBond supplies a broad range of adhesives, sealants, sprays and masking tapes all over Brazil. Its offer is based on a detailed knowledge of the market and customers […]
Uni-Select Completes Acquisition of The Parts Alliance in the United Kingdom
Uni-Select Inc. (TSE:UNS), the parts distributor and parent of FinishMaster, announced that it has completed the previously announced acquisition of The Parts Alliance, the second largest nationwide independent distributor of automotive aftermarket parts in the United Kingdom. As previously announced, the transaction in the amount of £205.0 million ($264.1 million) was fully funded with debt […]
CARSTAR Canada Adds Satellite Appraisal Location at Ford Dealer in Cambridge, Ontario
CARSTAR announced that CARSTAR Cambridge Appraisal has officially launched, located at 272 Hespeler Road, Cambridge, Ontario, Canada. The store will be a satellite location in the Ridgehill Ford dealership, with all service going to CARSTAR Cambridge. CARSTAR Cambridge Appraisal and CARSTAR Cambridge are owned by the LC Group, which is comprised of Ian Ladd, Peter […]
Northeast Tradeshow Expanding in 2018
AASP/NJ’s event will nearly double with addition of new pavilion The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced the expansion of the NORTHEAST 2018 Automotive Services Show. The industry’s largest regional trade show will almost double in size with the addition of the NORTHEAST Pavilion. The show will be held March 16-18, […]
Toyota and Mazda Enter Business and Capital Alliance
Formed joint venture to produce vehicles in the United States. Will jointly develop electric vehicles and advanced safety technology with ultimate goal of creating a mobile society devoid of accidents. Toyota Motor Corporation (Toyota) and Mazda Motor Corporation (Mazda) signed an agreement today to enter a business and capital alliance, with the aim of further […]
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