Lumileds Appoints Auto Industry Veteran Matt Roney to Lead Automotive Business Unit

Mircea Buzgar-Nazare will lead new Business Transformation Group SAN JOSE, Calif.–(BUSINESS WIRE)–Lumileds announced today that Matt Roney has joined the company as President of the Automotive Business Unit. Matt will succeed Mircea Buzgar-Nazare, who will become the company’s Senior Vice President for Business Transformation. Matt comes to Lumileds from Stanley Infrastructure, a division of Stanley […]

MITRE Unveils Laboratory Focused on Autonomous Technology

MCLEAN, Va.–(BUSINESS WIRE)–Assistive technologies in autonomous vehicles are evolving quickly and occupying more important roles in the way we work, travel, and manage our homes. MITRE created the Mobile Autonomous Systems Experimentation (MASE) Laboratory to research ways to accelerate advanced autonomous technology and provide objective perspective and recommendations for broad impact in multiple domains, including […]

Classic Collision Announces Partnership with New Mountain Capital

Investment Firm to Support Multi-Site Operator’s Accelerated Growth ATLANTA & NEW YORK–(BUSINESS WIRE)–Classic Collision, Inc. (“Classic” or the “Company”), an Atlanta-based leading multi-site operator (“MSO”) of 34 collision repair facilities in the Southeastern U.S., announced today that it has partnered with New York-based New Mountain Capital, a leading growth-oriented investment firm with over $20 billion […]

Midwest Automotive Media Association Elects 2020 Board of Directors

CHICAGO–(BUSINESS WIRE)–The Midwest Automotive Media Association (MAMA), an organization comprised of automotive journalists and related industry professionals, elected its 2020 board of directors during its annual January business meeting. Secretary Kelley Enright, treasurer Larry Nutson and communications director Jennifer Morand were all re-elected to serve two-year terms. Damon Bell continues to hold the role of […]

PPG Directors Announce Quarterly Dividend of 51 Cents Per Share

PITTSBURGH–(BUSINESS WIRE)–The board of directors of PPG (NYSE:PPG) today declared a regular quarterly dividend of 51 cents per share, payable March 12 to shareholders of record February 21. This marks the company’s 486th consecutive dividend payment. Through ongoing dedication and expertise of its workforce, the company has raised its annual dividend payout for 48 consecutive […]

Waning White: BASF’s 2019 colour report shows decrease in white vehicles

Toronto, Ontario — Whether speeding down a North American highway, the Autobahn in Europe or Asia’s highway network, chances are one will see more white cars than any other colour on the road⁠. According to BASF, however, the popularity of white decreased last year, from 41 percent in 2018 to 39 percent in 2019. Although […]

Magna’s Mixed Feelings: Supplier releases outlook for 2020

Toronto, Ontario — On Thursday, Aurora, Ont.-based Magna International released its outlook for 2020, with the company predicting lower sales and ending its two-year partnership with ridesharing company Lyft. While Magna predicts growth through to 2022, the automotive supplier expects 2020 sales to be negatively impacted by foreign currency translation⁠—specifically, the strength of the U.S. […]

Leading Labellers: LKQ aquires Auto Data Labels

Toronto, Ontario — LKQ Corporation has announced its acquisition of Auto Data Labels, a New York-based manufacturer and distributor of replacement vehicle information labels. Finalized on Dec. 13, 2019, the acquisition will see Auto Data Labels integrate within LKQ’s recycled and aftermarket parts services to provide vehicle identification, Federal Safety certification, tire pressure, under hood, […]

Garrett Motion Files Complaint Against Honeywell in Asbestos Indemnity Suit

104-Page Filing Details How Honeywell Foisted Its Legacy Asbestos Liabilities Upon Garrett Through An Unenforceable 30-Year Indemnification Agreement ROLLE, Switzerland–(BUSINESS WIRE)–Garrett Motion Inc. (NYSE: GTX) today filed the complaint in its lawsuit, initiated on Dec. 2, 2019, against Honeywell International Inc. (NYSE: HON), related entities and certain affiliated individuals in the Supreme Court of the […]

Mobile Tech RX Reaches Major Milestones with $1.7B in Transactions Processed through their App, a $4.2M Series A Funding Round, and New Products Launching to Transform the Auto Industry

Following a $4.2M Series A round led by Silverton Partners, Mobile Tech RX is driving a new era of digital modernization within the auto reconditioning industry and simultaneously preparing to expand into new markets. AUSTIN, Texas–(BUSINESS WIRE)–#AutoReconAnalytics—Mobile Tech RX, the leading all-in-one business management software solution for modern auto reconditioning businesses, today announces a new […]