Importance of following OEM refinishing procedures highlighted

A BASF automotive expert has shared insights on the challenges of refinishing newer bumpers given the increased complexity and features of modern vehicles. Jeff Wildman told Repairer Driven News that it’s imperative for everyone in [...]

2023-08-08T13:36:03-04:00August 8th, 2023|RDN News Feed|

MaaS AV body structure concept touts better passenger safety, lighter battery carrier frame

The results of a global steel industry initiative aimed at developing the world’s first fully autonomous, electric vehicle (EV) body structure concept for ride-sharing were unveiled last week by WorldAutoSteel. The project, called Steel E-Motive, [...]

2023-08-08T13:35:01-04:00August 8th, 2023|RDN News Feed|

Driven Brands stock plummets, 2 firms allege violation of federal securities laws

At least two investigations have been launched against Driven Brands over alleged violation of federal securities laws while its stock reached an all-time low of $16.05 when shares plummeted 37.55%. Wolf Popper and Holzer & [...]

2023-08-05T13:33:57-04:00August 5th, 2023|RDN News Feed|

Hyundai, Kia to integrate AI into future models under new investment

Hyundai and Kia will invest $50 million into a Canadian artificial intelligence (AI) semiconductor company in order to integrate AI into future models, the companies announced on Wednesday. Hyundai said the investment in Tenstorrent will [...]

2023-08-05T13:33:26-04:00August 5th, 2023|RDN News Feed|

Allstate reports $14B in earnings, says auto premiums will continue rising

Allstate said it remains focused on improving profitability and will continue raising auto premiums as it reported nearly $14 billion in earnings during its Q2 earnings call. The earnings represent a 14% year-over-year jump from [...]

2023-08-03T13:34:54-04:00August 3rd, 2023|RDN News Feed|

CCC: Number of claims rebound, driving up cycle time & increasing need for AI

CCC Intelligent Solutions said Wednesday cumulative annual cycle time across 26 million automotive claims last year added up to 2 billion days, up 1 billion over 2021. The metric was first measured by CCC in [...]

2023-08-03T13:34:23-04:00August 3rd, 2023|RDN News Feed|
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