Pro Spot International announced the recent Tesla approval of the SP Series MIG Welders including the SP-5 Smart MIG and the new SP-5.3 Double Pulse 3-Phase Smart MIG. These welders are approved for aluminum welding during structural repairs on Model S and Model X. “Congratulations to the entire Pro Spot team,” says Ron Olsson, President […]
LKQ Sells OEM Glass Manufacturing Business to Vitro SAB
LKQ Corporation (NASDAQ:LKQ) today announced that it has entered an agreement to sell the OEM glass manufacturing business of its Pittsburgh Glass Works subsidiary (PGW) to a subsidiary of Vitro S.A.B. de C.V. (VITROA.MX), a leading glass manufacturer based in Mexico. The sale price is $310 million, subject to potential post-closing purchase price adjustments. As […]
BASF Acquires Surface Treatment Provider Chemetall
BASF has signed an agreement to acquire Albemarle’s global surface treatment business, Chemetall. The purchase price is $3.2 billion. The transaction is subject to approval by the relevant authorities and is expected to close by the end of 2016. Chemetall is a global technology and innovation leader in the metals surface treatment market, and is […]
BASF Details Recent Distributor Changes
BASF has made several announcements over the last few months about new distributors in some markets around the country including in Denver, Colo., Fort Myers, Fla.; and California. In response to several questions from our subscribers, CollisionWeek reached out to BASF to help our collision repair facility readers understand why these changes were made from […]
AAA Forecasts Record Travel for the Year-End Holiday Period
Travelers taking a road trips will total 93.6 million in the U.S. during the holiday season. According to AAA, more than 103 million Americans—the most on record—are expected to travel for the year-end holidays. This represents a 1.5 percent increase, or 1.5 million more people traveling, compared with last year. This comes despite one fewer […]
1Collision Network Adds New Supplier Partners
1Collision Network announced new strategic partners Collision Diagnostic Services (Astech), Elite Body Shop Solutions, Global Finishing Solutions (GFS), and Goff’s Curtain Walls. Collision Diagnostic Services VP of Sales and Marketing, Dan Young stated, “As the complex operating systems running today’s vehicles are getting increasingly more sophisticated, CDS can ensure repairs are done correctly, the first […]
Collision Repair Industry Business Conditions: Q3 2016
Collision repair shops reporting higher sales overall compared to 2015 increased during the third quarter, though varied by shop sales volume. Collision repair facilities reporting higher earnings flat. The CollisionWeek quarterly survey of business conditions reported by collision repair facility owners and managers indicates that the overall percentage of facilities with higher sales increased slightly […]
Wholesale Used Vehicle Prices Continued to Rise in November 2016
Prices up both compared to October and November 2015. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, trucks continue to drive overall average wholesale prices upward, while car price softening more directly reflects supply growth for the used vehicle market in general. Lower used vehicle prices increase pressure on the number […]
Interview: Russ Hoffbauer, State Farm Insurance
In our video interview, Russ Hoffbauer, director of claims for State Farm Insurance, explains the impact changing vehicle technology is having on collision repair claim frequency, cost and the referral process. He also examines changing claims technology as well as the continued evolution of the Select Service referral network. With over 18 percent of the […]
AkzoNobel Completes Acquisition of BASF’s Industrial Coatings Business
AkzoNobel announced it has finalized the acquisition of BASF’s global Industrial Coatings business that was announced in February. The industrial coatings business supplies a range of products for industries including construction, domestic appliances, wind energy and commercial transport. The transaction includes relevant technologies, patents and trademarks, as well as two manufacturing plants in the United […]
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