Lincoln Electric Holdings, Inc. (NASDAQ:LECO) announced it has completed the purchase of the controlling stake of Kaynak Teknigi Sanayi ve Ticaret A.S. (Askaynak) to advance Lincoln Electric’s regional growth strategy in Europe, the Middle East and Africa . “We are pleased to welcome the Askaynak team into Lincoln Electric ,” stated Christopher L. Mapes, Chairman, […]
Frank Kirmis Named Director of Sales and OEM Relationships for Pro Spot Europe and Asia
Pro Spot announced that Frank Kirmis was named its new Director of Sales and OEM Relationships for Europe and Asia. In his new role, Kirmis will help Pro Spot continue to build relationships with European automobile manufacturers, develop its European sales strategy and build up distribution service networks. Kirmis will help oversee our expanding locations […]
Automechanika and IBIS Announce Events in Frankfurt and Shanghai
The International Bodyshop Industry Symposium (IBIS) and the international Automechanika trade fair announced that the upcoming Automechanika fairs in Shanghai and Frankfurt will each feature an IBIS regional event. Michael Johannes, vice president mobility and logistics at Messe Frankfurt commented, ‘We are delighted that we can offer our trade fair guests such a prestigious conference […]
Axalta to Build New Refinish Facility in the Netherlands
Axalta (NYSE:AXTA) announced it has signed an agreement to develop a new, state-of-the-art facility in Tiel, Netherlands for its refinish business. Once construction is completed, Axalta’s global refinish brands – Cromax, Spies Hecker, Standox and Syrox – will relocate from their current location to the new facility on Business Park Medel, both in Tiel, in […]
Europe Moves To Mandate Advanced Driver Assistance System to Reduce Accidents
The European Parliament is backing new measures to improve road safety and reduce road accidents. The rules would make a number of safety features compulsory in new cars. EU roads are the safest in the world with an average of 49 road fatalities per million inhabitants, against 174 deaths per million globally. Although road fatalities […]
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 […]
ALLDATA Joins European Group Seeking Fair Access to Automotive Technical Information
Repair information aggregator advocating legislation to secure access to OEM technical information in Europe. ALLDATA Europe GmbH, an affiliate of ALLDATA LLC, an AutoZone company, announced it has joined the European Automotive Data Publishers Association (ADPA) to help drive legislation that will allow publishers to provide innovative, technological, multi-brand solutions to the automotive aftermarket. The […]
Axalta Introduces Audurra Refinish Accessories in Europe
Axalta (NYSE:AXTA) announced it is launching its Audurra range of refinish accessories in Europe. The brand delivers a product portfolio tailored to complement the professional refinishing processes for both passenger cars and commercial vehicles. The result is a range of materials and tools that not only improve the standard of the refinish process, but also […]
Copart Opens Ninth Location in Germany
Copart, Inc. (NASDAQ:CPRT) announced a new location at Am Bahnhof 7a in Friesack, Brandenburg in Western Berlin, Germany. This will be Copart’s ninth location in the country. “We are proud to bring our leading auction technology, processes, and services to the German salvage vehicle market,” said Alain Van Munster, Managing Director, Copart Germany. “With a […]
Snapsheet and Zurich Insurance Group Announce Global Collaboration Agreement
Snapsheet, the provider of virtual claims technology, today announced a new strategic agreement with Zurich Insurance Group. The collaboration marks a global expansion for Snapsheet. Under the agreement, Snapsheet services will be available to Zurich customers in Ireland first, with plans to expand to additional countries across Zurich’s operations in Europe, Latin America and Asia […]