Chief Vulcan ADU 2017

 

Ford, Mitsubishi and Nissan approved the Chief Vulcan Adhesive Debonding Unit (ADU) for use in the structural repair of their vehicles.

Mitchell is collaborating with Bosch Automotive Service Solutions in North America to deliver the Mitchell Diagnostics™ system, the first comprehensive diagnostic system designed specifically for the collision repair and automotive claims markets.

The new XI Series of color tools from PPG are the future of accurate, reliable color matching technology. 

MAACO Transformers last knight partnership

 

In celebration of the new movie, “Transformers: The Last Knight,” directed by Michael Bay and releasing in theaters June 21, Maaco, North America’s Bodyshop, has launched a national integrated campaign with television, print, digital and social media, bringing the action and excitement of the Transformers movies to more than 500 shops with special offers for consumers.

International media sources are reporting that Japanese airbag maker Takata Corp. is preparing to file for bankruptcy as early as the week of June 18 as it works toward a deal for financial backing from U.S. auto parts maker Key Safety Systems Inc.,  people familiar with the matter told Automotive News. Michigan-based Key Safety Systems Inc. is owned by Chinese supplier Ningbo Joyson. Takata's steering committee recommended Key as the preferred bidder for the entire manufacturer.

 

The Nikkei, the world's largest financial newspaper, reported earlier that Takata is expected to file for bankruptcy in Japan as early as this June, with liabilities exceeding 9.02 billion U.S. The Nikkei reported that a new company created under Key will purchase Takata operations for about $1.62 billion and continue supplying air bags, seat belts and other products, leaving liabilities behind in a separate entity.

 

Also at stake is $850 million owed by the Japanese airbag system maker to major global automakers under a settlement agreed to earlier this year.

 

Takata is expected to file for bankruptcy before selling its production operations to a newly formed company to pay off its debts to creditors, according to Nikkei. Fellow Japanese companies Honda and Toyota are among some of the major entities Takata is in debt to.

 

Takata, one of the world's biggest automotive suppliers, has been working for months to complete a deal with Key Safety. The company faces billions in liabilities brought on by manufacturing defective airbag inflators. A person briefed on the matter told Reuters that Key was expected to acquire Takata assets as part of a restructuring in bankruptcy.

 

Takata agreed in February to pay $1 billion in penalties to the Justice Department and plead guilty to wire fraud. However, 10 major automakers have taken on the the majority of the costs directly associated with its recall, reportedly totaling roughly $11.66 billion.

 

Bloomberg reported that the timing of the Chapter 11 bankruptcy filing could change, according to their source, who asked not to identified.

 

Major global car manufacturers have expressed concern about the company filing for bankruptcy without a deal in place because of the disruption it could cause to the production of replacement airbag inflators. More than 65% of 46.2 million recalled Takata airbag inflators in the United States have not been repaired. See Autobody News related content for more on this matter.

 

It is not clear what impact the filing would have on the pace of repairs but it is unlikely to improve matters.

abpa 2017 Will Nordwind web

Lobbyist Will Nordwind of the Quality Parts Coalition said his organization is pushing federal legislation to reduce automakers’ parts patents from 14 years to just 30 months.

 

Federal and state legislation related to non-OEM parts was a key topic at the recent Automotive Body Parts Association (ABPA) convention. About 150 people, primarily representing manufacturers or distributors of non-OEM parts, attended the event, held in Atlanta.

Pro SpotMay17 Demonstrating the PR 5 Rivet Gun system with special dies and extension

 

 

Pro Spot International, specializing in quality welding and repair products for the collision repair industry, proudly hosted the Craftsman Collision Management Team the week of June 5 at Pro Spot’s headquarters and manufacturing facility in Carlsbad, CA.

chief impulse tilt frame rack reintroduced

 

Chief is bringing back the impulse Tilt frame rack in response to customer requests for a basic frame rack that’s reliable and affordable.

Steve Schoolcraft presentation July2017 web

Steve Schoolcraft while giving a presentation. Many remember him as an animinated presenter.

 

Steve Schoolcraft, often referred to as a visionary by many in the collision repair industry, died unexpectedly on May 19, peacefully in his sleep. He is survived by his wife Alexis, his two sons, Nicholas and Michael, and granddaughter Noelle.

The Supreme Court has upheld the legal precedent of patent exhaustion, which states that a company’s right to protect its patent ends when the product is sold to the end user, reports the Auto Care Association.

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