TECHNOLOGY NEWS
HIJACKING HAND TOOLS Cybersecurity research warns that hand tools with smart features can be vulnerable to cyber attacks. In its research, Nozomi Networks’ Labs found vulnerabilities in a Bosch Rexroth smart pneumatic torque wrench that the company says is commonly used on vehicle production lines. The wrench’s smart functions allow it to send activity data […]
OEM NEWS
PRIVATE PARTS One major announcement to come out of BMW’s February Certified Collision Repair Centre (CCRC) conference was the OEM’s decision to expand its restricted parts program in Canada to include select aluminum and carbon fibre components. The decision is in line with BMW North America’s parts restrictions in the United States market, BMW Collision […]
BUSINESS NEWS
FIRST IN THE NATION Chapman Auto Body and its three locations are the first Canadian members of Certified Collision Group (CCG), Kelvin Campbell, owner of Chapman Auto Body, announced. Chapman Auto Body operates three stores in Dartmouth, Halifax and Bedford, Nova Scotia. CCG first announced its expansion to Canada in December 2023. “I’m looking forward […]
INDUSTRY NEWS
ON PROUD DISPLAY Collision Repair magazine representatives recently had the opportunity to participate in an exciting Open House event at the AkzoNobel Ontario headquarters in Etobicoke, Ontario. The event showcased the latest innovations and developments in the collision repair industry. Attendees were given a demonstration of an Automated Dosing Machine, led by technical consultant Dave […]
PEOPLE ON THE MOVE
DONALD HALL, SATA CANADA Donald Hall has joined SATA Canada as a business development specialist for the Alberta region, he announced via LinkedIn in late January. Working in the industry since 2016, Hall delivers years of experience in relationship building and development, previously working with some of the largest collision networks in Canada. Regarding his […]
PUTTING THE ‘NO’ IN AUTONOMOUS
Advanced driver assistance systems are a finicky feature By DARRYL SIMMONS The recent study by the Insurance Institute for Highway Safety (IIHS) casts a spotlight on the current state of partial driving automation systems, revealing a concerning gap in safety measures. IIHS recently revealed the results of its tests on vehicles with semi-autonomous advanced driver […]
Carrar Raises $5.3 Million to Deliver Commercial Battery Modules for Electric Vehicles that Triple Battery Lifetime
Patented internal two-phase immersion cooling and heating extend EV battery life by 3X, enable ultrafast charging, and prevent battery fires New investors Salida B.V., OurCrowd, and NextGear Ventures join current investors Gentherm, Next Leap Ventures, Dive Digital, and others Global EV battery thermal management system market estimated at $2.9B in 2022, expected to grow to […]
Holley Ordered to Disgorge $2 Million in Ill-Gotten Profits
WARREN, Mich.–(BUSINESS WIRE)–On March 27, 2024, the United States District Court in the Western District of Kentucky (Bowling Green) issued a judgment stating that Holley Performance Products, Inc. (NYSE: HLLY, Bowling Green, KY) SHALL DISGORGE to Specialty Auto Parts U.S.A., Inc. (Warren, MI) the $2,028,264.19 in net profit it derived from its sales of Aluminum […]
Global Transparent Plastics Market Set to Skyrocket to $189.24 Billion by 2028: Innovations in Recycling and Rise of Electric Vehicles Fuels Demand – Long-term Forecast to 2032 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The The global transparent plastics market is observing a remarkable growth trajectory and is expected to ascend from $133.79 billion in 2023 to an estimated value of $189.24 billion by 2028. This represents a compound annual growth rate (CAGR) of 7.2% over the forecast period. Key factors stimulating this growth include an uptick in […]
Fenix Parts Completes Acquisition of Neal Auto Parts
HURST, Texas–(BUSINESS WIRE)–Fenix Parent LLC, operating as Neal is an automotive recycler servicing the Central Illinois market with a population of approximately 1.3 million people. This is Fenix Parts’ eighth acquisition in the Midwest and brings Fenix’s location count to 27 full-service and 5 self-service locations. Bill Stevens, CEO of Fenix Parts, said, “We are […]
