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Moody’s finds Service King in limited default over failure to make interest payment

Moody’s Investors Services has found Service King in “limited default” over its failure to make an April 1 interest payment on its unsecured notes, in spite of an agreement the collision repair chain has reached [...]

2022-05-13T08:30:04-04:00May 13th, 2022|RDN News Feed|

As vehicles collect more & more data, how can shops protect their customers?

In the first of a series on data privacy best practices when it comes to connected and semi-autonomous vehicles, The National Law Review states vehicles are “actively collecting 100x more data than a personal smartphone, [...]

2022-05-13T07:30:34-04:00May 13th, 2022|RDN News Feed|

EV OEMs see stock shares increase, report on Q1 earnings & production plans

Following some recent bumps in stock values, several sources report Rivian Automotive and other electric vehicle (EV) automakers saw an uptick Thursday in shares “in wild and largely unexplained trading,” as CNBC put it. Rivian [...]

2022-05-13T07:30:04-04:00May 13th, 2022|RDN News Feed|

CIC Committee Looking at How Estimates End Up on Vehicle History Reports – Autobody News

Aaron Schulenburg of the Society of Collision Repair Specialists agreed, noting one of the shops that raised this issue nearly faced litigation ...

2022-05-12T09:00:03-04:00May 12th, 2022|SCRS News Feed|

Auto insurers ‘understand the need for’ higher rates, Boyd CEO tells investors

Boyd Group, the parent company of Gerber Collision, is continuing to obtain rate increases from auto insurers as it responds to the challenges of a tight labor market, Boyd’s CEO told investors Wednesday during a [...]

2022-05-12T07:30:41-04:00May 12th, 2022|RDN News Feed|

Federal law to address vehicle safety standards, crash prevention & increased fatalities

The Infrastructure Investment and Jobs Act that became law in November 2021 not only lays out a spending plan for the repair of roads and bridges but also requires vehicle safety standard revisions and research [...]

2022-05-12T06:30:05-04:00May 12th, 2022|RDN News Feed|

AAA study finds even after 6 months, drivers may not correctly use, understand ADAS

Owners of new vehicles equipped with driving assistance technology may understand it better after six months of use, but the depth of their knowledge is limited, according to findings from recent research by the AAA [...]

2022-05-11T09:30:04-04:00May 11th, 2022|RDN News Feed|
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