Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales of $1,126.8 million for its second quarter ended June 30, an increase of 72.6% year-over-year, including a 5.3% foreign currency benefit, driven by 56.4% higher volumes and 9.3% higher average price and product mix. The company reported that volume growth across all end-markets was driven by ongoing […]
CIECA August 19 Webinar Features CCC on AI and Network Connections Redefining Claims and Repair Experience
The Collision Industry Electronic Commerce Association (CIECA) announced that its next CIECAST webinar is scheduled for Thursday, August 19 at 2 p.m. (EDT). The webinar, How Activating AI and Network Connections is Redefining the Claims and Repair Experiences, will feature Marc Fredman, chief strategy officer, and Shivani Govil, chief product officer, from CCC Intelligent Solutions […]
AkzoNobel and Sikkens Extend Partnership with Mercedes-Benz in China and Indonesia
Mercedes-Benz and AkzoNobel have agreed to extend their partnership agreement for another four years. It means the company will continue to be a recommended supplier of vehicle refinish products and services in China and a preferred partner in Indonesia. The deal was confirmed after extensive testing and analysis of the product assortments and services provided […]
Fix Network Expands in Spain with Launch of Six Fix Auto-NOVUS Glass Locations
Fix Network World announced the launch of the first six Fix Auto-NOVUS Glass locations across Spain. The new locations, Barcelona North, Arganda del Rey, Leganes, Madrid Este, Coslada and Guadalajara, are the first of many locations that Fix Network World has planned to support Spain’s aftermarket industry. The Spanish operations for Fix Auto and NOVUS […]
Property & Casualty Insurers’ Q1 Net Income Grows as Profitability Ratios Worsen
U.S. industry notches strong first quarter, but catastrophes hamper underwriting performance, according to Verisk and APCIA Private property/casualty insurers in the United States saw their net income after taxes increase in the first quarter of 2021 from a year earlier, while their combined ratio – a key measure of underwriting profitability – worsened, according to […]
GM Issues New Recall and Safety Instructions for 2017-19 Chevrolet Bolt
Owners urged to limit charging capacity, park away from structures, charge after every use. GM has issued a new recall affecting the 50,932 Model Year 2017-2019 Chevrolet Bolt vehicles, , even if the owner has had the previous recall repairs completed covered under the original recall announced in November 2020 and revised in May 2021. […]
Senator Proposes Changes to Small Business Pass-Through Tax Deduction
Senate Finance Committee Chairman Ron Wyden (D-Ore.) released a bill, the Small Business Tax Fairness Act, that would make changes to the 20 percent deduction that is available under Section 199A for partnerships, LLCs, and other entities taxed only at the individual owner level that was created by the 2017 Tax Cuts and Jobs Act […]
OCTO Telematics and Ford Team Up to Provide More Accurate Auto Insurance Risk Scores
OCTO Telematics announced a new agreement with Ford Motor Company to leverage Ford’s connected vehicle data to extend its predictive insurance risk score, OCTO DriveAbility Score. The integration provides a seamless experience for auto insurers and their policyholders with highly accurate pricing based upon driving data sourced directly from Ford vehicles fitted with embedded connectivity. […]
Collision Repair Industry Production in April Up Over 20% Compared to Last Year
Production employment increased for the month, but hours worked declined compared to March. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the final April employment, hours worked and wages indicated growth on a year-over-year basis but a slight decline versus the previous month. Overall, […]
Philadelphia Customs and Border Protection Seizes Nearly $300k in Counterfeit Auto Parts from China
U.S. Customs and Border Protection officers in Philadelphia, Pa. seized a counterfeit Chinese cache of vehicle parts on July 14 that were destined to an address in Feasterville-Trevose, Pa. The shipment arrived on June 4 and consisted of 5,657 pieces that included vehicle door locks, hinges, powered mirrors, steering wheel switches, headlights and taillights, grills, […]
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