According to a report by Bloomberg, Lord Corporation, the manufacturer of Fusor-brand adhesives and sealants used in the collision repair industry, is exploring a sale that the publication reported could value the company at as much $3 billion. In January, the Cary, N.C.-based company announced it had achieved $1 billion in annual sales for the […]
Copart Acquires Vincent Auto Solutions
Copart, Inc. (NASDAQ: CPRT) announced the acquisition of Vincent Auto Solutions (VAS) located in Greenville, Ky. VAS has been remarketer of total-loss and fleet vehicles in the western Kentucky region for over a decade. “I’m extremely pleased with this acquisition. Not only do we expand our operational footprint in western Kentucky, but we also add […]
Robot 3D Prints Replacement Bracket onto Headlight Assembly
Australia’s Swinburne University of Technology reported that its Repairbot project has achieved a major milestone, using a robot to successfully 3D print a replacement lug on an automotive headlamp assembly. The Repairbot project is an industry collaboration with Tradiebot, supported by collision repair facility operator AMA Group, and backed by the federal government via the […]
Caroline Lacasse Named Director of Canadian Collision Industry Forum
The Automotive Industries Association (AIA) of Canada, after conducting a nationwide search, announced the appointment of Caroline Lacasse as director of the Canadian Collision Industry Forum (CCIF). Lacasse has been involved in the automotive industry for more than 20 years, with a special focus on training and organizational development. During her career, she has worked […]
European Commission Fines Car Safety Equipment Suppliers $413 Million in Antitrust Settlement
Three suppliers conspired to raise prices on seatbelts, airbags and steering wheels to Volkswagen and BMW. The European Commission announced March 5 that it has fined Autoliv and TRW a total of €368,277,000 ($413.5 million) for breaching EU antitrust rules by participating in a cartel to raise the prices of automotive safety parts. Takata, the […]
1Collision Adds 10th Collision Repair Center to its Network in Minnesota
The 1Collision Network announced that Jerald Stiele, a 1Collision Network shop owner, has acquired The Collision Center in Golden Valley, Minn. The store is Stiele’s second location, and the 10th 1Collision affiliated location in the state. Stiele said, “Hopkins Auto Body is delighted to grow our business with the acquisition of Collision Center, with a […]
Snapsheet Announces Collaboration Agreement with Union Standard Insurance
Snapsheet today announced a collaboration with Union Standard Insurance Group (USIG), a W.R. Berkley Company. Under the agreement Snapsheet’s will bring its virtual platform for auto physical damage claims to USIG customers. Union Standard offers commercial property and casualty products and services through independent agents in Arizona, Arkansas, New Mexico, Oklahoma and Texas. “Technological transformations […]
Diamond Standard Test Expert George Neat Passes Away
Diamond Standard Parts, LLC announced that George W. Neat, its longtime crashworthiness testing expert, passed away February 26 in Hingham, Mass at the age of 82. “George, a U.S. DOT Volpe Center Executive, was an integral part of the development our exemplary component test protocols and together with the late James Hackney, Director of Crashworthiness […]
UTI Opens Registration for Free Ignite Summer Program for High School Juniors
Free summer program offers hands-on introduction and training for high-tech, high-demand careers in the transportation industry. As part of its continued effort to address growing workforce demand for skilled technicians, Universal Technical Institute (NYSE: UTI) is bringing back Ignite – a free, summer program designed to give high school juniors an exclusive firsthand look at […]
Texas Insurance Adjuster Sentenced for Stealing $100,000
The Texas Department of Insurance (TDI) announced that a Spring, Texas insurance adjuster was sentenced to probation for stealing nearly $100,000 from the insurance company where he worked. Allen Castillo pleaded guilty after a TDI investigation found he authorized payments to a network of friends and family. TDI investigators found that Castillo authorized additional payments […]
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