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Extradited Former Automotive Parts Executive Pleads Guilty to Antitrust Charge

March 3, 2020 By CollisionWeek Editor

Fugitive for nearly five years, leads guilty to antitrust conspiracy to raise prices of instrument clusters. Eun Soo Kim, a former key accounts manager for Continental Automotive Korea Ltd. and a Korean national, was extradited from Germany and pleaded guilty for his role in an international market allocation and bid-rigging conspiracy involving the sale of […]

Filed Under: News Tagged With: Antitrust, Department of Justice, Lawsuits, OEM Parts

Registration Opens for September 14-16 CIECA Conference

March 3, 2020 By CollisionWeek Editor

The Collision Industry Electronic Commerce Association (CIECA) announced that its 12th annual conference, CONNEX 2020, will be held this year in Charlotte, N.C, on September 14-16. The event will include a full lineup of business and technical speakers, networking opportunities and a vehicle gifting as part of the National Auto Body Council Recycled Rides program. […]

Filed Under: News Tagged With: Annual Conference, Collision Industry Electronic Commerce Association

Registration Open for AASP-MN April 23 Annual Meeting and Leadership Conference 

March 3, 2020 By CollisionWeek Editor

The Alliance of Automotive Service Providers of Minnesota (AASP-MN) announced its Annual Meeting and Leadership Conference will be held April 23, at Delta Hotels by Marriott Minneapolis Northeast.  The event, with the theme “Power Up Your Leadership,” offers a line-up of seminars that are tailor made for auto service and collision repair shop owners and […]

Filed Under: News Tagged With: AASP-MN, Annual Meeting, Minnesota

AirPro Diagnostics Responds to Ford Lawsuit

March 2, 2020 By CollisionWeek Editor

Assures customers lawsuit will have no effect on services. AirPro Diagnostics released a statement in response to lawsuit filed by Ford Motor Company February 27 that CollisionWeek reported on Friday. According to the company: In response to the recent allegations by Ford Motor Company, AirPro Diagnostics wants to assure our valued customers and the industry […]

Filed Under: News Tagged With: AirPro Diagnostics, Ford Motor Company, Lawsuits

State Farm Reports Lower Earned Premiums in 2019 Due to Reductions in Customer Premiums

March 2, 2020 By CollisionWeek Editor

State Farm by the Numbers 2019

State Farm announced that in 2019, its property and casualty insurance companies experienced growth in policies while reporting lower earned premium compared to 2018. According to the company the decrease in property-casualty (P-C) earned premium reflects a focus on returning value to customers in the form of lower premiums when appropriate. The State Farm P-C […]

Filed Under: News Tagged With: Earnings, State Farm

San Antonio Collision Repair Shop Owner Sentenced to Two Years in Jail for Forging Customer Signature on Claim Check

March 2, 2020 By CollisionWeek Editor

Texas Department of Insurance Logo

The Texas Department of Insurance San Antonio body shop owner Arturo Martinez was sentenced to two years in state jail on February 27 after an investigation by the Department found he had cashed insurance claim checks without repairing his client’s car. TDI fraud prosecutor Nicole Thornbro says the car was taken to Martinez’s shop after […]

Filed Under: News Tagged With: Insurance Fraud, Texas, Texas Department of Insurance

Pre-Registration Deadline March 11 for NORTHEAST Trade Show Education Program

March 2, 2020 By CollisionWeek Editor

Time is running out to pre-register for the NORTHEAST Automotive Services Show Collision Professional Repairer Education Program (Collision P.R.E.P.) series. The deadline to pre-register is March 11. Hosts of the annual regional event (the largest of its kind on the East Coast), the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) has once again […]

Filed Under: News Tagged With: AASP/NJ, New Jersey, Northeast Trade Show

LKQ Completes Sale of Two Czech Distributors

March 2, 2020 By CollisionWeek Editor

LKQ Corporation (Nasdaq: LKQ) announced that it has closed its previously announced agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. Terms of the transaction were not disclosed. Dominick Zarcone, President and Chief Executive Officer of LKQ, stated, “This divestiture reinforces our ongoing commitment to rationalizing […]

Filed Under: News Tagged With: Acquisitions, Czech Republic, Europe, LKQ Corporation

Maaco Announces New Greenfield Location in Mississippi

February 28, 2020 By CollisionWeek Editor

Maaco Collision Repair and Auto Painting announced the opening of a new ground-up Maaco Collision and Auto Painting center in Tupelo, Miss. The facility is owned by franchisees Tony Knight and Kenneth Greer. Knight, who is the operational partner, worked 12 years at a car dealership in sales, finance and management before he decided in […]

Filed Under: News Tagged With: MAACO, Mississippi, Openings

February Retail Vehicle Sales Projected to Surpass More Than a Million Units For Only Third Time Since 2005

February 28, 2020 By CollisionWeek Editor

New-vehicle retail sales in February are expected to be up from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,016,000 units, a 0.2% increase compared with February 2019. Reporting the same numbers without controlling for the number of selling days translates to […]

Filed Under: News Tagged With: J.D. Power, LMC Automotive, New Vehicle Sales

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