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NTSB Issues Safety Alert on Dangers of Marijuana for Teen Drivers

July 22, 2024 By CollisionWeek Editor

National Transportation Safety Board calls for increased education about impairing effects of marijuana following deadly Oklahoma crash. The National Transportation Safety Board issued a Safety Alert July 18 urging parents nationwide to protect their teen drivers from marijuana-impaired driving. The alert is accompanied by the final report on the investigation of a deadly 2022 collision […]

Filed Under: News Tagged With: Impaired Driving, Marijuana Legalization, National Transportation Safety Board, Oklahoma

Classic Collision Acquires First Repair Facility in Maryland

July 22, 2024 By CollisionWeek Editor

Classic Collision, LLC announced the acquisition of Two Guys Collision Center in California, Md. Two Guys Collision Center has provided high-quality collision repairs and superb customer service in St. Mary’s County for several years. “We have been committed to providing every client the best collision repair experience. We feel that Classic Collision was the right […]

Filed Under: News Tagged With: Acquisitions, Classic Collision, Maryland

U.S. Department of Labor Recovers Over $33,000 in Back Wages and Damages for Overtime Violations at Iowa Tire Shop

July 22, 2024 By CollisionWeek Editor

An investigation by the U.S. Department of Labor’s Wage and Hour Division found the operator of an RNR Tire Express franchise in Davenport, Iowa failed to include non-discretionary bonuses in the regular rate of pay when calculating overtime pay, a Fair Labor Standards Act violation. The employer also did not maintain timecards for hourly paid […]

Filed Under: News Tagged With: Department of Labor, Iowa, Overtime

Andrew Clarke Appointed to LKQ Board of Directors

July 22, 2024 By CollisionWeek Editor

LKQ Corporation (Nasdaq: LKQ) announced the appointment of Andrew Clarke to the Company’s Board of Directors as a new independent director, effective July 22. With the addition of Mr. Clarke, the LKQ Board will consist of ten members, eight of whom are independent. Clarke brings significant logistics, transportation, operations, and financial expertise, having most recently […]

Filed Under: News Tagged With: Board of Directors, LKQ Corporation, People

PPG Reports Sales of $4.8 Billion in Second Quarter

July 19, 2024 By CollisionWeek Editor

Overall organic sales flat compared to last year, refinish down mid-single digits on comparison to record quarter in 2023. PPG (NYSE:PPG) reported net sales of $4.794 billion for the second quarter of 2024, down 2% from $4.872 billion in the second quarter last year. Net income was $528 million, up 8% from 490 million in […]

Filed Under: News Tagged With: Earnings, PPG, Refinish

BBB Industries to Acquire All Star Auto Parts

July 19, 2024 By CollisionWeek Editor

BBB Industries, LLC, a manufacturer serving the automotive, industrial, energy storage, and solar markets, backed by Clearlake Capital Group, L.P., announced it has entered into an agreement to acquire All Star Auto Parts. Terms of the transaction, which is expected to close in the third quarter, were not disclosed. Clearlake Capital is not a newcomer […]

Filed Under: News Tagged With: Acquisitions, All Star Auto Parts, BBB Industries, Clearlake Capital Group

Roberlo Introduces UNIQCROM Premium Solvent-Based Basecoat System

July 19, 2024 By CollisionWeek Editor

The European car refinish coatings company Roberlo announced the introduction of UNIQCROM, its latest premium quality solvent basecoat paint systems. UNIQCROM has been launched in North America, with plans to expand over the coming months into other international markets in South America and Southeast Asia. The solvent-borne basecoat system is composed of 40 solid bases, […]

Filed Under: News Tagged With: Briolf Group, New Products, Refinish, Roberlo

Justice Department and Federal Trade Commission Extend Public Comment Period on Serial Acquisitions, Roll-Up Strategies Across U.S. Economy

July 19, 2024 By CollisionWeek Editor

The Justice Department’s Antitrust Division and the Federal Trade Commission (FTC) announced they are extending the deadline for the public to comment on serial acquisitions and roll-up strategies that harm competition by 60 days. As CollisionWeek reported in May, the joint request for information (RFI) seeks to learn more about how corporate actors, including private […]

Filed Under: News Tagged With: Acquisitions, Department of Justice, Federal Trade Commission, Regulations

Ron Trozzo Named to Lead SCA Claims Services Auto Division

July 19, 2024 By CollisionWeek Editor

SCA Claim Services, the national independent auto firm announced the appointment of Ron Trozzo as the new Nationwide ADP Director for its Auto Operations division. Ron Trozzo brings 15 years of expertise in claims adjusting and collision management, further solidifying SCA’s dominance in the auto appraisal industry. As ADP Director, Trozzo will steer the company’s […]

Filed Under: News Tagged With: People, SCA Claim Services

Progressive Reports Personal Auto Policies in Force Up Nearly 10% in June

July 18, 2024 By CollisionWeek Editor

Progressive Policies in Force June 2024

Premiums written up 22% in the second quarter year-over-year. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 21,541,600 in June, an increase of over 1.8 million or 9.6% from 19,658,300 in June 2023. June’s policies in force represent an increase of 290,000 or 1.4% from 21,252,100 in May. […]

Filed Under: News Tagged With: Combined Ratio, Net Written Premiums, Policies in Force, Progressive

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