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This Month
‘We’ll fight’: Alex Waislitz on family battles and bad bets
The billionaire investor is mired in clashes with his ex-wife, future sister-in-law and developer Tim Gurner. But he’s up for it, he says.
July 2024
Project Tinker: Bombed-out smash repairer AMA launches ACM Parts sale
First-round offers for the collision and mechanical parts business are due in late August.
March 2024
Capital SMART founder tries to carve out unit from AMA Group
Of note, Vais, Milliner and their backers are expected to team up with a private equity player to bankroll their bid, should they get a look at the books.
November 2023
‘Not easy ride’: private equity’s Simon Moore leaves AMA
The upcoming departure means all of AMA’s pre-pandemic board will have left. Mr Moore says he is confident in the outlook.
September 2023
Why repair times have worsened for fixing smashed cars
Smash repair giant AMA Group has just posted another massive loss, but says times are turning around.
Australia’s biggest smash repairer is running out of chances
AMA Group has gone from one problem to the next. Shareholders are giving it more money and another chance, but this time needs to be different.
AMA’s CEO, chairman out amid capital raising for smash chain
The CEO says he will remain a shareholder in Australia’s biggest smash repair chain, which has bled more than $300 million in three years.
August 2023
Smash repair business AMA Group preps $60m raise
Listed smash repairer AMA Group was passing around the hat for a cash injection of up to $60 million on Thursday afternoon, while its shares remained halted.
Suncorp inks new prices, funding for wobbling smash giant AMA
The insurance giant was using AMA to repair customer cars, but even these new prices could not avoid an earnings downgrade for the smash repair chain.
May 2023
$156k Land Rover payment for CEO grilled in AMA case
A former finance manager had taken the smash repair giant to court, alleging wrongful dismissal.
April 2023
AMA Group warns labour shortages, inflation crimping profits
The smash repair chain warned earnings would be lower than first forecast, sending the company’s share price down 35 per cent.
March 2023
Why insurers are writing off repairable Mercedes
People have seen car insurance premiums jump as parts and labour shortages hit. AMA Group is among smash repairers trying to navigate the market.
January 2023
Hardball claims in executive poaching spat
Anti-competitive clauses are a vexed issue in executive contracts, and now a dispute over smash repair giant AMA has ventured into the courts.
November 2022
Smash repair giant AMA sees green shoots amid ‘bumpy’ start
Australia’s biggest smash repair chain has lost more than $300 million in three years. But it is shooting for a turnaround.
Repair giant AMA brings in Deloitte to help stem losses
Australia’s biggest smash repair chain has lost more than $300 million in three years, and is trying to renegotiate deals with insurers.
August 2022
AMA cuts insurance repair contracts amid inflation costs stand-off
Amid a game of chicken about who bears spiralling inflation costs, the smash repair giant has lost money and cut some contracts.
July 2022
Sickness hits productivity, smash repairer AMA claims
Industry sources think insurance giant Suncorp is the source of a mystery upfront payment of $10 million that has boosted the embattled company.
June 2022
Flood insurance bill surpasses Newcastle earthquake
Business claims have caused a 28 per cent jump in the bill from the “rain bomb” flooding, potentially causing a nasty surprise to some industry players.
May 2022
Car parts inflation set to stay high next year
The outlook comes as smash repair giant AMA, battered by COVID-19, looks to renegotiate deals with insurers.
Suncorp, AMA Group meet to discuss smash repairer’s outlook
Insurance bigwig Suncorp Group’s keeping a close eye on its smash repairer and former deal buddy AMA Group.