Major insurers said this week they would return or credit customers billions in premiums as a response to the reduced risk of crashes. Their actions and a recent franchisee support announcement by appraisal firm SCA [...]
The Federal Reserve on Thursday announced it would promote small-business loans by spending $600 billion to buy 95 percent of low-interest loans made under a new “Main Street Lending Program.” Companies with up to 10,000 [...]
Subaru recently adjusted its position statement on pre- and post-collision repair scanning to now spell out what constitutes a “collision.” “Subaru defines a collision as damage that exceeds minor outer body panel cosmetic distortion,” the [...]
A spokesman for the trade group representing top national and superregional banks this week advised repairers seeking Paycheck Protection Program loans to work with their current financial institution rather than find another. “The No. 1 [...]
Subaru last month released a position statement declaring repairers “should follow Subaru published repair procedures and use Subaru Genuine Parts” for all “unibody/structural components.” According to Subaru, these parts include such common collision repair elements [...]
Four Republican U.S. representatives in three more states have urged Assistant Attorney General Makan Delrahim to preserve the 1963 “Consent Decree” governing the auto insurance industry. The letters by U.S. Reps. Rob Woodall, R-Ga.; Trent [...]
Independent shop leaders across the country confirmed business slowdowns from the national COVID-19 coronavirus response, but some had so far managed to weather the situation without layoffs. Here’s some of your peers’ accounts of finances [...]
Two industry consulting entities recently advised auto body shops how to keep their businesses afloat and their staffs productive during the COVID-19 coronavirus economic slowdown. Some of the advice from Focus Advisors and VeriFacts echoes [...]
Hyundai Mobis last month described working on the reliability of the “world’s first roof airbag.” The project, which dates back to at least 2017, recently saw testing by the National Highway Transportation and Safety Administration. [...]
I-CAR last week announced its COVID-19 coronavirus-related live training suspension would extend through at least May 4. The organization had halted all live classes and certification between March 22 and April 5 but left open [...]
