Corporate News
Rate this item
(0 votes)

The designs of seats and head restraints in 21 current SUV, pickup, and minivan models are rated good for protecting people in rear impacts, but those in 54 other models are rated marginal or poor. Another 12 are rated acceptable. The latest evaluations of occupant protection in rear-end collisions by the Insurance Institute for Highway Safety (the Institute) found that the seat/head restraints in more than half of light truck and minivan models fall short of state-of-the-art protection from neck injury or whiplash.

Last modified on Wednesday, 01 August 2007 11:25
Rate this item
(0 votes)
Keystone Automotive Industries, Inc. (Nasdaq:KEYS) has signed a definitive merger agreement with LKQ Corporation (Nasdaq:LKQX) in which LKQ will acquire Keystone for $48 per share in cash, representing an aggregate purchase price of approximately $811 million on a fully diluted basis. The merger is expected to close early in the fourth quarter of calendar 2007, subject to the approval of Keystone’s shareholders, regulatory approvals and other customary conditions. The merger agreement does not contain a financing contingency.
Last modified on Saturday, 04 August 2007 13:42
Rate this item
(0 votes)
Farmers Insurance Group, auto and home insurer, has just gotten bigger by announcing the completion of its acquisition of non-standard auto insurer, Bristol West Holdings, Inc.
Last modified on Wednesday, 01 August 2007 11:29
Tuesday, 31 July 2007 17:00

DOI thwarts skewed labor rate surveys

Written by
Rate this item
(0 votes)

In what the Collision Repair Association of California (CRA) calls “a major win for repairers, the Department of Insurance has put in writing conditions intended to prevent insurers from using skewed labor rates surveys to underpay the cost of collision repairs. Specifically, Gary Cohen, former DOI general counsel at the time, in a June 2007 letter to Gene Crozat, owner of G&C Autobody and president of CRA, held that an insurer survey, regardless of how it is conducted, “does not create the presumption that these surveys accurately reflect the prevailing rates charged by auto body repair shops in a specific geographic area.”

Last modified on Saturday, 04 August 2007 20:38
Rate this item
(0 votes)
Arizona’s Gila Watershed Partnership has been awarded two separate grants to address the problem of abandoned vehicles in Graham County according to Arizona Department of Environmental Quality (ADEQ) Director Steve Owens.
Last modified on Wednesday, 01 August 2007 11:31
Rate this item
(0 votes)
A position statement on the “feather, fill and block” procedure presented by the Automotive Service Association (ASA) Refinish Subcommittee has been approved by the board of directors. The subcommittee drafted the text under the direction of chairman Dan Stander, Jerry Stander’s Collision Works, Littleton, Colorado.
Last modified on Friday, 11 January 2008 20:44
Rate this item
(0 votes)
Assured Performance Network, a non-profit consumer advocacy organization and body shop cooperative (co-op), has grown to approximately 3,000 Qualified Members, and over 1,200 Member shops participating in the co-op buying group. Collectively, this network of shops performs nearly $10 billion dollars in repairs with buying power of nearly $5 billion. There is  now at least one Qualified Collision Care location within 15 minutes of at least 95% of the entire U.S. population.
Last modified on Wednesday, 01 August 2007 11:33
Rate this item
(0 votes)
Former general manager of Akzo Nobel’s Functional Chemicals business, Dutch-born Jo Lennartz will become the company’s new Director of Technology, effective September 1.
Last modified on Wednesday, 01 August 2007 11:34
Rate this item
(0 votes)

Akzo Nobel’s Automotive Plastic Coatings (APC) site at Garcia in Nuevo León, Mexico  received the coveted State Quality Award (Premio Nuevo León a la Calidad) after an exhaustive year-long audit and judging process which put the company’s management systems through a demanding series of tests and reviews. The highly prestigious award is in recognition of the facility’s continued commitment to operational excellence

Last modified on Wednesday, 01 August 2007 11:34
Rate this item
(0 votes)
Akzo Nobel dedicated its tenth state-of-the-art instruction center in North America to the memory of Mike Gunder, a technical manager for Akzo Nobel, who had faithfully represented the company for 18 years until his untimely passing in 2005
Last modified on Wednesday, 01 August 2007 11:35

E-NEWSLETTER SIGN-UP

Sign up for our FREE twice monthly newsletter now!

//< script type="text/javascript" src="http://www.autobodynews.com/script/ //< /script >