The U.S. Department of Justice (DOJ), on behalf of the Environmental Protection Agency (EPA), yesterday filed a civil complaint in federal court in Detroit, Mich., against Volkswagen AG, Audi AG, Volkswagen Group of America Inc., Volkswagen Group of America Chattanooga Operations LLC, Porsche AG and Porsche Cars North America Inc. The complaint alleges that nearly […]
BASF and AMA Group Announce 10 Year Supply Agreement
BASF (OTCMKTS:BASFY) has signed a ten-year partnership with the Australia and New Zealand bodyshop network AMA Group (ASX:AMA). Through this partnership, BASF will supply waterborne refinishing solutions from its premium automotive refinish paint brand Glasurit to AMA’s network in Australia and New Zealand of over 70 bodyshops. Chris Titmarsh, Vice President, Regional Business Management, Automotive Refinish […]
General Motors Invests $500 Million in Lyft
Vehicle manufacturer and ride-hailing service envision on-demand autonomous vehicles. General Motors (NYSE:GM) and Lyft, the ride-hailing service, today announced a long-term strategic alliance to create an integrated network of on-demand autonomous vehicles in the U.S. GM will invest $500 million in Lyft to help the company continue the rapid growth of its successful ridesharing service. […]
FinishMaster Acquires 15 ColorMaster Locations
FinishMaster, Inc., the subsidiary of Uni-Select Inc. (TSE:UNS), announced that it has entered into an agreement to purchase ColorMaster Automotive Paint, Inc. The transaction, subject to customary closing conditions, is expected to close within 30 days following the date hereof, will increase FinishMaster’s footprint in Illinois, Missouri and Texas and will mark FinishMaster’s first branch […]
LKQ Acquires Rhiag-Inter Auto Parts Italia S.p.A.
LKQ Corporation (NASDAQ:LKQ) announced that it has signed an agreement to acquire the holding company of Rhiag-Inter Auto Parts Italia S.p.A, a European distributor of aftermarket parts, for €1.04 billion ($1.13 billion). Rhiag has operations in Italy, Czech Republic, Switzerland, Hungary, Romania, Ukraine, Bulgaria, Slovakia, Poland and Spain. The company operates through 247 distribution centers […]
ABRA Adds Franchise Location in Minnesota
ABRA Auto Body & Glass announced the opening of its newest franchise repair center in Worthington, on December 18. The company now operates a total of 335 repair centers in 24 states. The new franchise location is owned and operated by Aaron Marthaler, owner of Marthaler Chevrolet and Marthaler Ford of Worthington. Marthaler previously operated […]
3M Files Lawsuit to Enforce Paint Protection Films Patent
3M (NYSE:MMM) announced December 29 that it filed a patent infringement lawsuit in federal district court in Minnesota against XPEL Technologies Corporation. The suit alleges that XPEL Technologies Corporation’s XPF paint protection film product infringes 3M’s U.S. Patent No. 8,765,263. 3M develops paint protection film products which protect the finish of a vehicle from scratches, […]
Collision Repair Industry Business Conditions: Q3 2015
Shops reporting higher sales compared to previous year decreased during the third quarter. Repair facilities reporting higher earnings also down. 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 decreased in the third quarter of 2015 compared to the […]
December Projected as Strongest Month in a Decade for U.S. Auto Sales
2015 Poised to Set New-Vehicle Sales Record of 17.5 Million New light-vehicle sales in December are expected to be the strongest of any month since 2005, with 2015 on track to set an annual record with 17.5 million sales, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive. New-vehicle retail […]
New York State Recognizes NSF Non-OEM Crash Parts Certification
The New York State Department of Financial Services recently recognized NSF International as a qualified certifier of non-original equipment manufacturer (OEM) collision repair parts per New York Insurance Regulation 64: Unfair Claims Settlement Practices and Claim Cost Control Measures. NSF certified parts play an essential role in consumers getting a high-quality automotive repair. NSF International’s […]
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