LKQ Corporation (NASDAQ:LKQ) today announced that it has entered an agreement to sell the OEM glass manufacturing business of its Pittsburgh Glass Works subsidiary (PGW) to a subsidiary of Vitro S.A.B. de C.V. (VITROA.MX), a leading glass manufacturer based in Mexico. The sale price is $310 million, subject to potential post-closing purchase price adjustments. As […]
BASF Acquires Surface Treatment Provider Chemetall
BASF has signed an agreement to acquire Albemarle’s global surface treatment business, Chemetall. The purchase price is $3.2 billion. The transaction is subject to approval by the relevant authorities and is expected to close by the end of 2016. Chemetall is a global technology and innovation leader in the metals surface treatment market, and is […]
AAA Forecasts Record Travel for the Year-End Holiday Period
Travelers taking a road trips will total 93.6 million in the U.S. during the holiday season. According to AAA, more than 103 million Americans—the most on record—are expected to travel for the year-end holidays. This represents a 1.5 percent increase, or 1.5 million more people traveling, compared with last year. This comes despite one fewer […]
1Collision Network Adds New Supplier Partners
1Collision Network announced new strategic partners Collision Diagnostic Services (Astech), Elite Body Shop Solutions, Global Finishing Solutions (GFS), and Goff’s Curtain Walls. Collision Diagnostic Services VP of Sales and Marketing, Dan Young stated, “As the complex operating systems running today’s vehicles are getting increasingly more sophisticated, CDS can ensure repairs are done correctly, the first […]
Wholesale Used Vehicle Prices Continued to Rise in November 2016
Prices up both compared to October and November 2015. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, trucks continue to drive overall average wholesale prices upward, while car price softening more directly reflects supply growth for the used vehicle market in general. Lower used vehicle prices increase pressure on the number […]
AkzoNobel Completes Acquisition of BASF’s Industrial Coatings Business
AkzoNobel announced it has finalized the acquisition of BASF’s global Industrial Coatings business that was announced in February. The industrial coatings business supplies a range of products for industries including construction, domestic appliances, wind energy and commercial transport. The transaction includes relevant technologies, patents and trademarks, as well as two manufacturing plants in the United […]
Spanesi Expands Distribution in the Plain States with Tri-State Collision Equipment
Spanesi Americas announced it expanded its collision repair equipment distribution network in North America, adding Tri-State Collision Equipment to provide distribution and customer support to North and South Dakota and other Plains States. “We are very excited to have Tri- State Collision Equipment join the Spanesi Americas team,” stated Timothy Morgan, Managing Director of Spanesi Americas. […]
NHTSA Proposes Rules for Connected Vehicle Technology
Regulator touts technologies ability to prevent hundreds of thousands of crashes. Proposed rule would mandate vehicle-to-vehicle (V2V) communication on light vehicles, allowing cars to ‘talk’ to each other to avoid crashes On Tuesday, the U.S. Department of Transportation issued a proposed rule that would advance the deployment of connected vehicle technologies throughout the U.S. light […]
Fix Auto Entering German Collision Repair Market
Fix Auto World appoints Roy de Lange as Head of Business to lead German operations in 2017 David Lingham, Head of Business for Fix Auto World, announced Fix Auto’s upcoming entry into the German collision repair market, along with the appointment of Roy de Lange to the role of Head of Business, effective February 1st, […]
National General Acquires Renewal Rights for Nationwide Non-Standard Auto Business
National General Holdings Corp. (NGHC) on December 8 announced that it has entered into a renewal rights transaction with Nationwide Mutual Insurance Company for its personal and commercial non-standard vehicle in-force policies. National General will partner with Nationwide’s exclusive and independent agent force to sell its policies to their non-standard auto customers. National General Chief […]
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