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AMA Group Announces Blackstone Acquisition of Collision Repair Business Will Not Proceed

June 22, 2018 By CollisionWeek Editor

Australia Tax Commissioner ruling against demerger relief scuppers $395 million acquisition. The AMA Group Limited (ASX:AMA) announced that its AU$508 million ($395.4 million) sale of its collision repair business to the U.S. private equity firm Blackstone will not proceed following its receipt of a formal response from the Deputy Commissioner of Taxation refusing AMA’s request […]

Filed Under: News Tagged With: Acquisitions, AMA Group, Australia, Blackstone Group

Insurance Associations AIA and PCI Announce Merger Negotiations

June 22, 2018 By CollisionWeek Editor

AIA PCI logos

The boards of the American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) announced the two insurance industry associations are discussing a merger of the two groups. “The respective Boards of AIA and PCI believe there is great benefit in a more unified policy and advocacy voice for property casualty insurers, […]

Filed Under: News Tagged With: Acquisitions, American Insurance Association, Property Casualty Insurers Association of America

Honda Updates Position Statement on Collision Repair Parts Usage on ADAS-Equipped Vehicles

June 22, 2018 By CollisionWeek Editor

Bulletin supersedes 2014 guidance requiring OEM collision repair parts to restore proper function of advanced driver assistance systems. American Honda Motor Company released an updated position statement that details the need for OEM parts on vehicles equipped with advanced driver assistance systems (ADAS). The bulletin details concerns relative to windshield replacement, windshield replacement on vehicles […]

Filed Under: News Tagged With: Advanced Driver Assistance Systems, American Honda Motor Company, Non-OEM Parts, OEM Parts, Position Statement

Verisk Acquires UK-Based ClaimsTech Validus-IVC

June 22, 2018 By CollisionWeek Editor

Verisk logo

Verisk (NASDAQ:VRSK) announced it has acquired Validus-IVC, a provider of claims management solutions and developer of the leading subrogation portal in the UK, verify. Validus-IVC has offices in Norwich and Bath, United Kingdom. The integration of Validus-IVC’s verify platform with Verisk’s global claims analytic services will allow customers to take advantage of enhanced analytic and […]

Filed Under: News Tagged With: Acquisitions, Claims Technology, United Kingdom, Verisk

3M and Collision Repair Education Foundation Encourage Industry to Show Support for Veterans through Hire Our Heroes Program

June 22, 2018 By CollisionWeek Editor

$200 Donation to 3M Hire Our Heroes program gets contributors a 3M Hire Our Heroes Flag designed by Chip Foose and chance to win NASCAR memorabilia and driving experiences. The 3M Automotive Aftermarket Division and the Collision Repair Education Foundation are continuing their support of the 3M Hire Our Heroes program in 2018 with the […]

Filed Under: News Tagged With: 3M, Collision Repair Education Foundation, Hire Our Heroes, Veterans, Workforce Development

Vehicle Manufacturers, Independent Parts Suppliers Raise Concerns on Tariff Proposals

June 21, 2018 By CollisionWeek Editor

Tariff Proposals

Both OEMs and independent collision repair parts providers raise concerns with Department of Commerce Section 232 Investigation that could result in 25 percent tariffs on imported autos and parts. On May 23, U.S. Secretary of Commerce Wilbur Ross initiated an investigation under Section 232 of the Trade Expansion Act of 1962 to determine whether imports […]

Filed Under: Feature Tagged With: Non-OEM Parts, OEM Parts, Tariffs, U.S. Department of Commerce

Fix Auto Canada Adds Collision Repair Estimating Location to Network in Edmonton

June 21, 2018 By CollisionWeek Editor

Fix Auto Canada announced an additional location in Edmonton for owner Albert Rosanova, Fix Auto Edmonton Tamarack that will serve area customers as a satellite location offering estimating services. Repair work will be supported by his existing two locations of Fix Auto Edmonton North and West. “We are able to provide our customers with estimating […]

Filed Under: News Tagged With: Alberta, Canada, Fix Auto Canada, Network Affiliations

Collision Repair Shops Participating in Recycled Rides Can Get Free Diagnostics from asTech

June 21, 2018 By CollisionWeek Editor

The National Auto Body Council announced that asTech, a new member partner of its growing membership base, has agreed to provide at no charge an inventory of asTech devices for NABC’s signature Recycled Rides program. Devices from asTech, the leading provider of remote and mobile repair solutions for diagnostic and vehicle electronics will be made […]

Filed Under: News Tagged With: asTech, National Auto Body Council, Recycled Rides

Symach and Alphabet Italia Fleet Management Announced Partnership to Supply Collision Repair Shop Network

June 21, 2018 By CollisionWeek Editor

Symach Srl and Alphabet Italia Fleet Management SpA, the BMW Group’s car rental company, announced that Symach is a technology partner for Alphabet Italia. Alphabet Italia has chosen Symach as a technology partner to support its Alphabet Point collision repair shop network in achieving quality objectives in repair, production efficiency and speed of delivery to […]

Filed Under: News Tagged With: Agreements Signed, Alphabet Italia Fleet Management, BMW, Italy, Symach

Volkswagen and Ford to Explore Strategic Alliance

June 21, 2018 By CollisionWeek Editor

Ford VW

Volkswagen AG and Ford Motor Company yesterday announced they have signed a Memorandum of Understanding and are exploring a strategic alliance designed to strengthen each company’s competitiveness and better serve customers globally. The companies are exploring potential projects across a number of areas – including developing a range of commercial vehicles together to better serve […]

Filed Under: News Tagged With: Agreements Signed, Ford Motor Company, Volkswagen

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