Funds raised will go to collision repair professional disaster relief fund. The Collision Industry Foundation (CIF) announced that its virtual silent auction opened at 8 a.m. today and will remain open for bidding through May 7 until 3 p.m. (EDT). Registration for the event is available online. There will be up to 30 items to […]
PPG Acquires Automotive Coatings Manufacturer Cetelon
PPG (NYSE: PPG) today announced that it has acquired Cetelon Lackfabrik GmbH, a manufacturer of coatings for automotive and light truck wheel applications. Financial details of the transaction were not disclosed. Cetelon develops and manufactures a wide range of coating systems for the wheel industry, including certain proprietary technologies. It operates production and sales offices […]
Fix Auto UK Adds Collision Repair Center to Network in West Midlands
Fix Auto UK announced the addition of West Midlands with Black Country-based A Thompson Motor Bodies to its network. The business will operate as Fix Auto Oldbury and is the organization’s 109th franchise partner. The new addition complements the network’s existing sites within the immediate region including Fix Auto Wednesbury Central, Fix Auto Walsall, Fix […]
Roland Smith Joins Caliber Board of Directors
Caliber, parent company to Caliber Collision, Caliber Auto Glass, and Caliber Auto Care, announced that Roland Smith will be joining its Board of Directors, effective today. Smith brings over 30 years of experience in consumer brands and multi-unit operations spanning the hospitality, entertainment, supermarket and office product industries. He currently serves as the Chairman of […]
Gasoline Consumption Improves as Travel Gathers Steam Across the U.S.
Demand for gasoline at second highest level since start of the pandemic. Interstate travel at best level since start of pandemic. The recovery in traffic volume has continued in April as pandemic restrictions ease and vaccination rates increase. The four-week moving average of gas consumption has increased for seven weeks in a row starting in […]
PPG Reports Record First Quarter Sales of $3.9 Billion
PPG (NYSE:PPG) reported first quarter 2021 net sales of approximately $3.9 billion, approximately 15% higher than the prior year. Selling prices increased by nearly 2% and sales volumes were higher by approximately 7% year over year. Favorable foreign currency translation impacted net sales by more than 3%, or about $110 million, and acquisition-related sales contributed […]
NFIB Warns U.S. House Passage of Paycheck Fairness Act Harms Small Business
The National Federation of Independent Business (NFIB) warned that the U.S. House of Representatives passage of H.R. 7, the Paycheck Fairness Act, would create regulatory and legal issues for small businesses that would need to defend differences in pay across employees. In a statement, NFIB Senior Manager of Federal Government Relations Jeff Brabant said, “The […]
Insurance Association Warns Florida Senate No-Fault Repeal Legislation Could Lead to More Uninsured Drivers
In a statement April 15 issues in response to the the passage of Senate Bill 54 (Motor Vehicle Insurance) to repeal no-fault insurance by the Florida Senate, the American Property Casualty Insurance Association (APCIA) warned the bill would impact lower-income drivers the most and would increase uninsured drivers. Logan McFaddin, assistant vice president of state […]
Copart Adds New Location in Spain
Copart, Inc. (NASDAQ:CPRT) announced the addition of a new location in Mallorca, Spain. The facility is in the Balearic Islands of the Mediterranean. “We are thrilled to open Copart’s seventh facility in Spain, to serve our customers,” said Spain Managing Director Santiago Zamit.
Legislation to Restrict Insurance Companies from Requiring Specific Collision Repair Facility Vendors Reintroduced in New York State
Proposed bill would prohibit insurer requirement that collision repair facility use a specific vendor for parts or materials purchases. A bill that would make it illegal for insurance companies to require repair shops to use specific vendors or processes for the acquisition of collision repair parts and materials has been reintroduced in New York State. […]
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