LKQ Europe announced its partnership with the European Council for Motor Trades and Repairs (CECRA). This partnership is built on shared objectives and common interests, including access to vehicle data, electric vehicles, green deal, and the ongoing skill development of automotive technicians. By joining forces with CECRA, LKQ Europe looks forward to participating in the […]
European Independent Service and Repair Providers Urge the EU Commission to End Delay on Access to In-Vehicle Data Legislation
A group of ten associations representing independent automotive service and repair operators and fleets wrote to the EU Commission in support of legislation on access to in-vehicle data. The Independent Service Providers (ISPs) grouping wrote to EU Commission President von der Leyen and the relevant College of Commissioners to put an end to the repeated […]
Allianz Says Increased Part Repairs, Recycled Parts Use Would Significantly Lower Collision Repair Industry CO2 Emission in Europe
Company also forms partnerships to help repairers source recycled parts. Seeks to create sustainable repair facility certification program. Sustainable car insurance was the focus of the 10th Allianz Motor Day on October 19. Discussions at the international event hosted by global insurer Allianz centered on electric mobility as a key lever for decarbonization, as well […]
PPG Provides Earnings Update, Reports Soft Demand Conditions in Europe and China Expected to Continue Into Fourth Quarter
PPG (NYSE:PPG) on October 10 announced that it expects third quarter 2022 adjusted earnings per diluted share to be between 5% and 7% below the low end of the company’s forecasted range of $1.75 to $2.00 that was previously communicated in July. In comparison to its forecast at the beginning of the third quarter, company […]
U.S. Electric-Vehicle Tax Breaks May Violate Global Trade Rules
Favoring domestic industries could violate WTO rules, according to foreign officials and trade analysts. According to an article in the Wall Street Journal, European and Asian trade authorities are raising concerns that the expanded electric vehicle tax credits included in legislation signed into law by President Biden in August may violate Word Trade Organization (WTO) […]
LKQ Corporation Announces Leadership Appointments
CEO and Managing Director of LKQ Europe named along with new Senior VP and CFO. LKQ Corporation (NASDAQ:LKQ) today announced the Varun Laroyia, Executive Vice President and Chief Financial Officer, has been appointed as Chief Executive Officer and Managing Director of LKQ Europe and Rick Galloway, Chief Financial Officer of LKQ’s Wholesale – North America […]
o9 Solutions and Supply Chain Insights Announce LKQ Selection by Project Zebra to Test Outside-In Supply Chain Planning Processes
o9 Solutions, an enterprise AI software platform provider for transforming planning and decision making, and research firm Supply Chain Insights jointly announced that LKQ Europe was selected to participate in a pilot program to test outside-in planning concepts by Project Zebra, an open-source think tank driving supply chain improvement. Project Zebra was co-founded by o9 […]
BASF Partners with European Association of Peugeot Car Dealers
BASF Global Automotive Refinish Coatings Solutions, a business unit of BASF’s Coatings division, announced a partnership with the European Association of Peugeot Car Dealers (AECP). The AECP, which brings together dealers from eleven European countries, works hand-in-hand with Peugeot and Stellantis Group to establish professional guidelines for automotive retailing and ensure close collaboration between the […]
Verisk and Ford Partner on Connected Car Data for Auto Insurance in Europe
The agreement gives Verisk license to supply connected car data to insurers in the UK, France, Germany, Italy and Spain. Verisk (NASDAQ:VRSK), a global data analytics provider, announced an agreement with Ford Motor Company (NYSE:F). As part of the agreement, Verisk can offer standardized, insurance-ready telematics data from connected Ford vehicles in Europe to assist […]
D’Ieteren Group Acquires Parts Holding Europe
D’Ieteren Group announces that it has issued a binding offer and entered into exclusive negotiations with Bain Capital Private Equity in view of acquiring 100% of Parts Holding Europe (PHE), a Western European leader in spare parts distribution and services for vehicles and trucks. The proposed transaction values PHE at an Enterprise Value of €1.7 […]
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