Kemper Corporation (NYSE: KMPR) announced today that Joseph P. Lacher Jr. stepped down as president and chief executive and resigned from the board, effective immediately. Lacher will remain with the insurance company in an advisory role through the end of the year. The board named C. Thomas Evans Jr., executive vice president, secretary and general […]
Go-Parts CEO Calls for Passage of Federal Right-to-Repair Legislation Amid Rising Collision Repair Costs
The chief executive of auto parts retailer Go-Parts is urging Congress to pass the REPAIR Act, citing research showing collision repair costs are rising faster than general inflation and disproportionately affecting lower-income households. In an opinion article published October 10 in RealClear Policy, Sean Kennedy referenced a report by research firm Depth Services prepared for […]
Global Finishing Solutions Celebrates 50 Year Anniversary
Global Finishing Solutions, a manufacturer of paint booths and finishing systems, is marking its 50th year in business. The company was founded in 1975 in Osseo, Wis. as JBI, a family-owned operation that has since grown into a supplier for automotive repair shops, manufacturing facilities and aviation operations. Curran Group, an Illinois-based holding company, acquired […]
New-Vehicle Average Transaction Price Hits Record High in September
Kelley Blue Book report average price without incentives above $50,000 for the first time. In September, the average transaction price (ATP) of a new vehicle in the U.S. was above $50,000 for the first time, according to new estimates released by Kelley Blue Book. New-vehicle prices have risen steadily for more than a year, with […]
Ford Temporarily Halts Production of Five Models Following Aluminum Supplier Fire
Ford Motor Co. (NYSE: F) is temporarily cutting production of at least five vehicle models, including its Expedition and Lincoln Navigator SUVs, according to a report in the Wall Street Journal. The move comes after a fire at a key aluminum supplier disrupted the automaker’s supply chain. The company stopped building the three-row SUVs at […]
PPG Launches Automated Stirring System
PPG (NYSE: PPG) has introduced an automated paint stirring system designed to replace manual stirring methods in automotive refinish shops, the company announced today. The Mix’n’Shake system mixes paint in less than 90 seconds using an automated stirring device paired with a notched cup that attaches directly to spray guns. The design is patent pending. […]
SCRS Schedules Seven Speakers for IDEAS Collide Showcase at SEMA
The Society of Collision Repair Specialists will host its IDEAS Collide Showcase on Nov. 5 at the SEMA Show in Las Vegas, Nev., featuring seven speakers delivering 10-minute presentations on industry topics. The event runs from 2:30 to 4 p.m. in the Upper South Hall of the Las Vegas Convention Center. Registration is available online. […]
Fix Auto UK Hires 44 Apprentices in Largest Single Recruitment
Fix Auto UK inducted a record 44 apprentices on Oct. 9 at 3M’s UK headquarters in Bracknell, England marking the largest single recruitment in the collision repair company’s 20-year history. The new Class of 2025 will train as paint and panel technicians, vehicle damage assessors and customer service and administration staff. Auto Assess will deliver […]
BASF Sells Majority Stake in Coatings Business to Carlyle
Chemical company to keep 40% stake as private equity firm carves out coatings unit for an enterprise value of $8.9 billion. BASF SE agreed today to sell a majority stake in its automotive and industrial coatings businesses to Carlyle Group Inc. for an enterprise value of €7.7 billion ($8.9 billion), while retaining a 40% stake […]
State Farm Partners with Volvo to Offer Insurance During Vehicle Purchase
State Farm and Volvo Car Financial Services announced a partnership Oct. 8 that will allow Volvo customers to obtain car insurance quotes while shopping for vehicles. The collaboration integrates insurance options into the vehicle purchase process at Volvo dealerships nationwide, connecting buyers with State Farm agents during the shopping experience. “Making insurance straightforward and simple […]
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