ABC Announces Pricing of Previously Announced Financing Transactions
TORONTO–(BUSINESS WIRE)–ABC Technologies Holdings Inc. (TSX: ABCT) (“ABC Technologies”, “ABC” or the “Company”), a leading manufacturer and supplier of custom, highly engineered technical plastics and lightweighting innovations to the global automotive industry, today announced pricing of its previously announced private placement and rights offering which are intended to finance the acquisition of dlhBowles, Inc. from […]
Mercedes-Benz Reports 2021 Sales of 329,574 Vehicles
ATLANTA–(BUSINESS WIRE)–Mercedes-Benz USA (MBUSA) today reported Q4 2021 sales of 60,326 Mercedes-Benz models. Additionally, Mercedes-Benz Vans recorded Q4 sales of 15,705, bringing MBUSA to a grand total of 76,031 vehicles for the quarter, a decrease of -20.2% over the comparable period last year. On a year-to-date basis, MBUSA recorded sales of 276,102 Mercedes-Benz passenger vehicles […]
Auto Insurers Embrace AI at Scale in 2021
Insurtech Leader CCC Intelligent Solutions Reports a 50 Percent Year-Over-Year Increase in the Application of Advanced AI for Claims Processing Adoption of CCC’s AI-powered touchless estimating solution has doubled to 8 national insurers in the three months since launching the innovation CHICAGO–(BUSINESS WIRE)–CCC Intelligent Solutions (CCC), the SaaS platform powering the P&C insurance economy, today […]
Omicron’s Wrath: CCIF cancels Toronto event
Toronto, Ontario — For the second year straight, the Canadian Collision Industry Forum (CCIF) has been forced to cancel its Toronto event due to the uncertainty surrounding COVID-19 restrictions. The organization made the announcement Friday evening via e-mail. “The safety of all CCIF stakeholders is our first priority while planning the highly-anticipated CCIF events,” wrote […]
Focus Features: Mitsubishi debuts driver alertness technology at CES 2022
Las Vegas, Nevada — Mitsubishi unveiled a new piece of ADAS technology at CES 2022 this week that is sure to grab drivers’ attention—because that’s exactly what it’s designed to do. The OEM says its new DMS (Driver Monitoring System) will be able to sense a driver’s heart rate and responsiveness and an alarm if alertness […]
Ice, Ice Baby: Iceland-based Arctic Trucks plans to drive custom F-150 from Canada to Greenland
Toronto, Ontario — A Iceland-based company could soon take some of the stress out of winter driving. Iceland’s Arctic Trucks has announced plans to move into the United States with its extreme off-road pickups. The company has now started to build trucks based on the Ford F-150 and founder Emil Grímsson told Fox News Autos […]
Glass Half Full: Canadians steal the stage during Dave Luehr Positivity Summit
Nashville, Tennessee — Dave Luehr’s Elite Bodyshop Solutions held its third annual Positivity Summit on Friday, which featured a stellar lineup of speakers that included some of Canada’s most beloved collision repairers. From 10 a.m. through 4 p.m., Dave Luehr and Ryan Taylor treated more than 200 Positivity Summit attendees to insightful conversations with over […]
EV/AV Report: January 10, 2022
Toronto, Ontario – In this week’s electric and autonomous vehicle report, VinFast prepares to enter the Canadian EV market later this year, Nova Scotia makes strides in connecting more communities to the EV charging grid and General Motors unveiled its champion in the electric pickup race. New player has joined Vietnamese EV startup VinFast unveiled […]
Cœurs et esprits: France passes law mandating eco-positive messaging in car ads
Paris, France — A new French law is taking a similar tack to modern tobacco and alcohol messaging, mandating that automakers include disclaimers that mention the environmental benefits of cycling, carpooling and public transit. As of March 1, all ads from car companies will be required to include one of the following phrases: “For short […]
Civic Society: Honda Civic best-selling car in Canada for 24th consecutive year
Toronto, Ontario — Collision repairers might as well start tattooing Honda Civic repair procedures all over their bodies because that car is not going anywhere any time soon as the OEM announced Friday that the flagship model is a best-seller in Canada for the twenty-fourth year running. Honda says that they managed to move 43,556 […]
