GEP, a provider of procurement and supply chain strategy, software and managed services to Fortune 500 and Global 2000 enterprises worldwide, announced that LKQ Europe, the leading distributor of automotive aftermarket parts for cars, commercial vans and industrial vehicles in Europe has selected, rolled out and started using GEP software. LKQ Europe, a subsidiary of […]
Quality Collision Group Acquires Schaefer Autobody Centers
Adds 14 locations in Midwest. Quality Collision Group announced the continued growth of its organization with the acquisition of 14 Schaefer Autobody Centers. Quality Collision Group, formed by Susquehanna Private Capital, LLC following its 2020 acquisition of Brandywine Coach Works. continues its strategic focus on building the nation’s largest and most trusted OEM-certified collision repair […]
U.S. Light Vehicle Sales Up Sharply in March
Sales grew by 8.6% compared to last year. U.S. Light Vehicle sales totaled 1.37 million units in March, according to LMC Automotive, a GlobalData Company. This translates to a year-over-year (YoY) gain of 8.6%, with the same number of selling days as in March 2022. In absolute terms, March saw the highest sales volumes of […]
Wesco Group Acquires Northern California PBE Distributor
Wesco Group, the paint, body and equipment (PBE) distributor in the U.S. and Canada, announced the acquisition of B&Z Auto Color’s three locations in Northern California in the communities of Modesto, Stockton and Turlock. B&Z has been servicing the Northern California market since 1923. The family has built a strong reputation over the years with […]
CAWA Joins the Global Vehicle Right to Repair Movement
The California Automotive Wholesalers’ Association (CAWA), that represents the automotive parts industry, has joined other global association leaders to support the critical global right to repair movement by signing the new right to repair position statement. The statement enumerates the core beliefs of the movement and the objectives and intended outcomes of right to repair […]
Philadelphia Customs and Border Protection Seizes Nearly $200K in Counterfeit Collision Repair Parts from China
U.S. Customs and Border Protection officers seized a Philadelphia-bound shipment of counterfeit auto parts on March 27 that consisted of 177 pieces, including air bag covers, aluminum hoods, front fenders and bumpers, and badges bearing trademarked logos of Chevrolet, Buick, and Dodge. The counterfeit auto parts were valued at $196,035 manufacturer’s suggested retail price (MSRP), […]
Honda Safety Engineer Wins U.S. Government Award for Groundbreaking Airbag Technology
Unique three-chamber front passenger airbag is designed to decrease the risk of serious brain injury. Honda safety engineer Eric Heitkamp on April 3 received the highest honor bestowed by the U.S. Department of Transportation for his work in leading the creation of a groundbreaking front passenger airbag design. Heitkamp accepted the U.S. Government Award for […]
NHTSA Launches Annual Distracted Driving Campaign in Wake of Increased Fatalities
Distraction-related fatalities increased 12% from 3,154 in 2020 to 3,522 in 2021. The National Highway Traffic Safety Administration is kicking off its annual U Drive. U Text. U Pay. campaign, raising awareness of the dangers of driving while distracted. Together with Captain Ron Mead of the Washington State Patrol, Steve Kiefer of the Kiefer Foundation, […]
ProColor Collision Adds New Repair Center to Network in North Hollywood, California
ProColor Collision opened of its newest U.S. collision repair location in North Hollywood, Calif., ProColor Collision North Hollywood, a 17,000 sq. ft full-service collision repair facility located at 6872 Lankershim Blvd. “We offer the best customer service with 50 years of shop and insurance experience as we strive to do a better and cleaner job […]
PPG Raises First Quarter Financial Guidance
PPG (NYSE:PPG) yesterday announced that first quarter 2023 adjusted earnings per diluted share (EPS) is expected to be between $1.52 and $1.58, which exceeds the company’s previously communicated guidance of $1.10 to $1.20. “The pace of our operating margin recovery accelerated during the quarter, driven by higher sales volumes and additional selling price capture,” said […]
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