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PPG Completes Acquisition Wörwag

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PPG (NYSE: PPG) has completed its previously announced acquisition of Wörwag, a global manufacturer of coatings for industrial and automotive applications. The company specializes in developing sustainable liquid, powder and film coatings and operates locations in Germany, the U.S., China, South Africa, Mexico, Spain, Switzerland and Poland, with headquarters in Stuttgart, Germany. Founded in 1918, […]

PPG Acquires Automotive Coatings Manufacturer Cetelon

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PPG (NYSE: PPG) today announced that it has acquired Cetelon Lackfabrik GmbH, a manufacturer of coatings for automotive and light truck wheel applications. Financial details of the transaction were not disclosed. Cetelon develops and manufactures a wide range of coating systems for the wheel industry, including certain proprietary technologies. It operates production and sales offices […]

Copart Adds New Location in Spain

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Copart, Inc. (NASDAQ:CPRT) announced the addition of a new location in Mallorca, Spain. The facility is in the Balearic Islands of the Mediterranean. “We are thrilled to open Copart’s seventh facility in Spain, to serve our customers,” said Spain Managing Director Santiago Zamit.

Switzerland-Based AMAG Group and Solera Partner on AI-based Claims Estimating

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Solera | Audatex today announced a collaboration with AMAG Import AG, the Switzerland-based mobility provider, to test its Artificial Intelligence (AI)-based claims estimating solution Qapter Intelligent Estimating. Following the initial pilot, the partners plan to assess the extent to which the solution can efficiently optimize accident claims recognition and reduce complexity. “At the AMAG Group, […]

LKQ Opens Central Distribution Center in the Netherlands

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After a construction time of just one year, LKQ Fource has opened a new 50,000 square meter (538,000 sq. ft.) warehouse that will play an important role as a part of LKQ’s European logistics footprint. “Our principle regarding parts availability is ‘Logistics without Borders’ to seamlessly serve our customers. Digitalization gives us the opportunity to […]

Polish Insurer PZU Partners with Tractable for AI Auto Damage Analysis

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PZU, the largest financial institution in Central and Eastern Europe, is using artificial intelligence (AI) to enhance how it reviews its car insurance claims across Poland. PZU handles nearly 500,000 motor damage claims per year. Before implementing AI, Poland’s largest insurer was performing a detailed review of around 20% of its motor claims that are […]

EU Passenger Car Registrations Up Over 3% in September Compared to Last Year

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Even with increase, for the first nine months registrations are down nearly 30%. In another sign of an improving global automotive economy, in September the EU passenger car market registered the first increase of the year compared to 2019. Registrations grew by 3.1% last month to reach 933,987 new cars sold across the European Union. […]

Admiral Seguros To Use Tractable Artificial Intelligence To Assess Vehicle Damage in Spain

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For the first time, an insurer in Spain, Admiral Seguros, the Spanish subsidiary of global insurer Admiral, is using artificial intelligence (AI) to create damage valuations and to generate an offer of immediate payment on damaged vehicles. To do this, Admiral Seguros is using an AI solution, developed by the technology company Tractable, which evaluates […]

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