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PPG to Build New Automotive Paint and Coatings Manufacturing Facility in Tennessee

May 21, 2024 By CollisionWeek Editor

New facility as part of $300 million investment in advanced manufacturing in North America. PPG (NYSE: PPG) today announced it will invest $300 million in advanced manufacturing in North America to support increased demand for paints and coatings in the automotive industry. These investments will commence in 2024 and span a four-year period. As part […]

Filed Under: News Tagged With: Openings, PPG, Tennessee

Subaru to Build New Business Center, Expands Parts Distribution Center and Training Center in Dallas-Fort Worth Market

May 21, 2024 By CollisionWeek Editor

Subaru of America, Inc. today shared plans to expand its operations in the Dallas-Fort Worth area and grow its workforce by relocating its Central Region office and establishing a new customer support center in Coppell, Texas. The automaker’s new Dallas Business Center will be co-located with its existing distribution and training facility as part of […]

Filed Under: News Tagged With: Openings, Parts Distribution Center, Subaru, Texas, Training Center

AirPro Diagnostics Named Preferred Supplier to the Fix Network

May 21, 2024 By CollisionWeek Editor

AirPro Diagnostics has entered into an agreement with Fix Network to supply its franchisees with diagnostics and ADAS calibrations technologies. “Having watched Fix Network grow to become a global leader in the automotive aftermarket sectors with more than 2,000 points of service globally, we are excited to support the efforts of the Fix Network brands […]

Filed Under: News Tagged With: Agreements Signed, AirPro Diagnostics, Diagnostics, Fix Network World, Recalibration

Clay Creasey Named Interim CEO at AAA Northern California, Nevada & Utah

May 21, 2024 By CollisionWeek Editor

AAA Northern California, Nevada & Utah (AAA NCNU), which has over six million Members in Northern California, Arizona, Nevada, Utah, Montana, Wyoming, and Alaska, announced that Clay Creasey has been appointed by the Board of Directors to the role of interim CEO effective immediately. “Clay is the right leader to step in as interim CEO […]

Filed Under: News Tagged With: AAA NCNU, People

Focus Advisors Reports Private Equity Investments in Collision Repair Surge  

May 20, 2024 By CollisionWeek Editor

In guest article, David Roberts, Founder and Managing Director, Focus Advisors Automotive M&A, details recent activity, predicts more private equity firms will enter industry. In the last five months, more than $9 billion in capital has been invested into the collision repair industry by private equity firms. The biggest chunk of this new capital was […]

Filed Under: News Tagged With: Focus Advisors, Private Equity

AkzoNobel Italy Site Achieves Highest Automotive Industry Quality Certification

May 20, 2024 By CollisionWeek Editor

AkzoNobel announced it has been rewarded with automotive industry recognition for the company’s powder coatings site in Como, Italy. The site – which recently completed a major capacity expansion – has received International Automotive Task Force (IATF) 16949 certification. Awarded following an extensive third-party audit, it recognizes the highest levels of product quality and customer […]

Filed Under: News Tagged With: AkzoNobel, Certification, Europe, Italy, Powder Coatings

Copart Reports Fiscal Third Quarter Fiscal Revenue of $1.13 Billion

May 20, 2024 By CollisionWeek Editor

Copart, Inc. (NASDAQ: CPRT) reported financial results for its fiscal third quarter ended April 30, 2024. Revenue was $1.13 billion, up $105.4 million or 10.3% from the same period last year. Gross profit and net income attributable to Copart, Inc. were $525.5 million, and $382.3 million, respectively. These represent an increase in gross profit of […]

Filed Under: News Tagged With: Copart, Earnings

ASE Spring Testing Underway

May 20, 2024 By CollisionWeek Editor

Registration ends June 30. The National Institute for Automotive Service Excellence (ASE) reminds service professionals that spring testing is underway. Those who register by June 30 will have 90 days to schedule an appointment to take their selected ASE tests. ASE offers three test-taking options. In-person testing is available for all tests and is held […]

Filed Under: News Tagged With: ASE, Certification

U.S. Auto Body Repair Prices Up Under 2% in April Compared to Last Year

May 17, 2024 By CollisionWeek Editor

The rate of increase was below the increase in the national consumer price index. The most recent government figures on inflation through April show the rate of growth of auto body repair prices is now below the rate of general inflation after more than 30 months in a row of higher increases. The year-over-year (YoY) […]

Filed Under: Research Tagged With: Auto Body Repair Prices, Auto Insurance, consumer price index, Inflation

Rhode Island OEM Parts Bill Passes State Senate

May 17, 2024 By CollisionWeek Editor

Bill would prohibit insurers from refusing OEM parts usage on vehicles 48-72 months old. Rhode Island Senate Bill 2440 (SB 2440), that seeks to amend Section 27-10.2-2 of Chapter 27 of the Rhode Island General Laws dealing with motor vehicle replacement parts, was approved by the full Senate on May 7. The bill, introduced on […]

Filed Under: Feature Tagged With: estimating, legislation, Non-OEM Parts, OEM Parts, Rhode Island

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