The Progressive Corporation (NYSE:PGR) announced that it has successfully completed the acquisition of Protective Insurance Corporation (NASDAQ: PTVCA and PTVCB). Under the terms of the merger agreement, holders of Class A and Class B common shares of Protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 […]
ASE Webinar Friday Focused on Collision Repair for Commercial HD Vehicles
The National Institute for Automotive Service Excellence (ASE) is hosting a free webinar for service technicians on Friday, May 21 at 4:00 p.m. (EDT) entitled “Collision Repair for Commercial HD Vehicles.” Although a truck operates in a similar way as an automobile, the truck’s size often requires larger repair equipment and larger repair space. During […]
TuSimple and Liberty Mutual Insurance Partner to Study the Safety Benefits of Autonomous Trucks
TuSimple (NASDAQ:TSP), a global self-driving technology company based in San Diego, California, and Liberty Mutual Insurance, the sixth largest global property and casualty insurer, announced a partnership to assess the comparative safety of autonomous trucks. TuSimple and Liberty Mutual will work together to better understand how autonomous technologies perform in comparison to the same types […]
Penske Automotive Acquisition of Kansas City Freightliner Includes Collision Repair Centers in Kansas and Missouri
Penske Automotive Group, Inc. (NYSE:PAG) and Premier Truck Group (PTG), its wholly-owned commercial vehicle subsidiary, have completed the acquisition of Kansas City Freightliner (KCFL), a retailer of medium and heavy-duty commercial trucks. The KCFL acquisition is expected to generate $450 million in annualized revenue, building further scale within Premier Truck Group. The acquisition adds five […]
PPG Adds SEM Products to AdjustRite Commercial Estimating System
PPG (NYSE:PPG) today announced that it has expanded the capabilities of the PPG AdjustRite commercial estimating system by adding SEM adhesives, sealers and undercoats to the platform’s Commercial Parts Listing Program supplier database. SEM Products, Inc., manufactures specialized automotive refinish products and was acquired by PPG in 2018. “We’re very pleased to add SEM products […]
Bosch Says Research Shows Advanced Driver Assistance Systems Reduce Heavy Truck Crashes by 23%
The human costs associated with injuries and deaths from vehicular accidents are substantial and Bosch continues to seek and introduce products to avoid accidents and the associated injuries. New accident research from Bosch reveals that equipping heavy trucks with advanced driver assistance systems (ADAS) such as lateral actuator systems may also significantly reduce the costs […]
IIHS Study Shows Automatic Emergency Braking Reduces Heavy Duty Truck Accidents
Equipping large trucks with forward collision warning and automatic emergency braking (AEB) systems could eliminate more than 2 out of 5 crashes in which a large truck rear-ends another vehicle, a new study from the Insurance Institute for Highway Safety suggests. IIHS Director of Statistical Services Eric Teoh examined data on crashes per vehicle mile […]
California Regulation to Eliminate Diesel Trucks by 2045
The California Air Resources Board adopted a first-in-the-world rule requiring truck manufacturers to transition from diesel trucks and vans to electric zero-emission trucks beginning in 2024. By 2045, every new truck sold in California will be zero-emission. “California is an innovation juggernaut that is going electric. We are showing the world that we can move […]
NASTF Seeks Assistance to Expand Heavy Duty Vehicle Capabilities
The National Automotive Service Task Force (NASTF) is requesting industry participation as it develops its heavy duty capabilities. NASTF has served as a cooperative effort among the automotive service industry, the equipment and tool industry and automotive manufacturers. In keeping with that spirit of cooperation. As NASTF prepares to release a full website overhaul in […]
Chief and Celette Announced Agreement on Heavy-Duty Collision Repair Solutions
Chief to distribute Celette equipment in North and South America, China Chief has reached an agreement with Celette France SAS for Chief to distribute Celette heavy-duty truck collision repair equipment in North America, South America and China. “As truck manufacturers modernize their manufacturing methods and incorporate new materials and technology in their vehicles, collision repair […]