National News

OEConnection (OEC), the leading automotive technology provider for original equipment manufacturers’ (OEM) distribution networks, announced it has acquired NuGenIT, Inc., a software company specializing in body shop and collision industry optimization tools.

Audi Start-Stop system malfunctions have caused a class action lawsuit that alleges the vehicles are too dangerous to drive for Audi owners, occupants and all others on the roads.

Tesla officially has a higher valuation than Toyota, Volkswagen and Honda combined thanks to a significant surge in the electric automaker’s stock price over the past week.

SEMA joined with dozens of other trade associations in urging the U.S. Congress to pass legislation to forgive all PPP loans that are less than $150,000.

Nominations for the 2020 SEMA Person of the Year Award are now being accepted at sema.org/awards.

The U.S. Small Business Administration (SBA) and the U.S. Treasury Department last week released the names of 4.9 million Paycheck Protection Program (PPP) loan recipient businesses and nonprofits that received $150,000 or more.

Amazon has signed an agreement to acquire Zoox, a ride-hailing group that developes autonomous technology from the ground up with passengers front-of-mind.

U.S. Sens. Kevin Cramer, R-ND, Bob Menendez, D-NJ, Thom Tillis, R-NC, and Kyrsten Sinema, D-AZ, Senate Banking Committee members, introduced the Paycheck Protection Small Business Forgiveness Act, bipartisan legislation to streamline forgiveness of Paycheck Protection Program (PPP) loans for small businesses.

U.S. Sen. Gary Peters, D-MI, has introduced legislation to create the National Institute of Manufacturing, which would streamline national manufacturing programs.

According to the California Highway Patrol, since the COVID-19 pandemic outbreak, vehicle theft investigators and detectives have witnessed a significant rise in auto fraud. 

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