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California Bureau of Automotive Repair to Hold Regulatory Workshop on Storage Fees April 25

April 12, 2024 By CollisionWeek Editor

The California Bureau of Automotive Repair (BAR) announced it will hold a regulatory workshop on April 25to discuss proposed regulations on storage and towing fees charged by automotive repair dealers. The workshop will be held after the conclusion of the April BAR Advisory Group meeting being held earlier in the day. The proposed regulations would […]

Filed Under: News Tagged With: Bureau of Automotive Repair, California, Meetings, Regulations, Storage

CSN Collision’s Ryan Bruno Appointed Chair of AIA Canada Board of Directors

April 12, 2024 By CollisionWeek Editor

The Automotive Industries Association of Canada (AIA Canada) is pleased to announce the election of three new directors to the 2024-2025 AIA Canada Board of Directors, as well as changes to the executive committee during the 82nd Annual General Meeting (AGM) held on April 10th, 2024. The event was held virtually to ensure all member […]

Filed Under: News Tagged With: Automotive Industries Association of Canada, CSN Collision Centres, People

U.S. P/C Insurer Personal Lines Recovery to Drive Profitability in 2024

April 11, 2024 By CollisionWeek Editor

Combined ratio projected below 100% as revenue growth above historic levels. Property/casualty (P/C) insurance statutory earnings will materially improve in 2024 amid recovery in personal lines results and only modest deterioration in commercial lines underwriting, Fitch Ratings says. Personal lines underwriting losses should narrow considerably, particularly in auto and as natural catastrophe losses revert towards […]

Filed Under: News Tagged With: Combined Ratio, Profitability, Property Casualty Insurance

AkzoNobel Invests in Dutch Research Labs

April 11, 2024 By CollisionWeek Editor

Two new research labs are being built by AkzoNobel at its Sassenheim, Netherland site to further propel the company’s product development. Work is about to start on building a technology center for Powder Coatings, while a new polymer lab has just opened which will develop innovative resin technologies for all the company’s businesses. The total […]

Filed Under: News Tagged With: AkzoNobel, Netherlands, Openings

DataTouch Launches Data Pump Manager for Collision Repair Facilities

April 11, 2024 By CollisionWeek Editor

DataTouch LLC announced the commercial release of its Data Pump Manager, a new technology that provides control over software data pumps that have been installed on a collision repair facility’s computer system. Data Pump Manager is designed to share only the correct estimate and needed repair information to conduct business with each service provider. Pete […]

Filed Under: News Tagged With: DataTouch, estimating, Privacy

Miami Used Auto Parts Store Owner Charged with Dealing in Counterfeit Airbags

April 11, 2024 By CollisionWeek Editor

On March 20, a criminal complaint was filed in the Eleventh Judicial Circuit in Miami-Dade County, Florida against Michael Keith Reid, owner of Mike’s Auto Miami, Inc., for dealing with fake airbags, forgery, and counterfeiting more than $20,000. The U.S. Department of Transportation Office of Inspector General (DOT-OIG), Homeland Security Investigations (HSI), Customs and Border […]

Filed Under: News Tagged With: Counterfeit Airbags, Florida, Lawsuits

Auto Care Association Survey Says 84% of Independent Repair Shops View Vehicle Data Access as Top Issue for Their Business

April 11, 2024 By CollisionWeek Editor

The Auto Care Association released results from a new nationwide survey of automotive repair shops highlighting the challenges that independent repair facilities face when servicing vehicles, often forcing them to turn away business. The association, a supporter of federal right to repair legislation believes the new survey findings reiterate the need for the REPAIR Act, […]

Filed Under: News Tagged With: Auto Care Association, legislation, Right to Repair

Stellex Capital Management Announces Closing of Continuation Vehicle and Comprehensive Refinancing of Fenix Parts

April 10, 2024 By CollisionWeek Editor

Fenix announces acquisition of Illinois auto recycler. Stellex Capital Management, the private equity firm, announced the final closing of a single-asset continuation vehicle that has acquired interests in Fenix Parts. The transaction provides follow-on capital with the aim of driving organic growth initiatives, supporting the continued execution of Fenix Parts’ aquisition pipeline, and capitalizing on […]

Filed Under: News Tagged With: Acquisitions, Fenix Parts, Stellex Capital Management

Penske Automotive Expands into Australia

April 10, 2024 By CollisionWeek Editor

Penske Automotive Group, Inc. (NYSE: PAG), the automotive and commercial truck retailers with operations across four continents and nine countries, intends to expand its retail automotive operations into Australia by acquiring two Porsche dealerships along with a Ducati motorcycle dealership in Melbourne, Australia. The Company has signed an agreement to acquire Porsche Centre Brighton, Porsche […]

Filed Under: News Tagged With: Acquisitions, Australia, Penske Automotive

I-CAR CEO & President John Van Alstyne to Retire in 2025

April 10, 2024 By CollisionWeek Editor

John Van Alstyne, I-CAR’s CEO & President, announced his intention to retire at the end of 2025. The I-CAR Board has identified a Selection Committee dedicated to hiring a successor who will continue to uphold I-CAR’s values, drive innovation, and lead the organization into its next chapter of growth. Since joining I-CAR in December 2010, […]

Filed Under: News Tagged With: I-CAR, People

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