Driven Brands Holdings Inc. (NASDAQ: DRVN) announced October 5 that it has closed an offering by its subsidiaries for $365 million Series 2022-1 Fixed Rate Senior Secured Notes, Class A-2 maturing October 2027, increasing the offering by over 30 percent. In addition to the closing of the Notes, Driven Brands also increased the total capacity […]
Raul Vargas to Succeed Jeff Dailey as President & Chief Executive Officer of Farmers Group
Dailey to retire as CEO but will remain chairman of the board. Farmers Group, Inc. (FGI), the Los Angeles, Calif.-based subsidiary of Zurich Insurance Group announced today that Raul Vargas has been appointed to the position of Farmers Group, Inc. President & Chief Executive Officer effective January 1, when current President & CEO Jeff Dailey […]
AASP/NJ to Present Russ Robson Scholarship Award at Annual Meeting October 19
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) believes encouraging young people to pursue and maintain collision repair careers is crucial to the future of this industry. Year after year, AASP/NJ strives to recognize those aspiring technicians dedicated to the profession, and this year is no different. A highlight of AASP/NJ’s Annual Meeting […]
U.S. Light Vehicle Sales Fell Short of Expectations in September
Sales were up over 10.4 percent over weak comparison in 2021 sales. Hurricane Ian battered Florida delaying some potential sales. U.S. Light Vehicle sales totaled 1.11 million units in September, according to LMC Automotive, the automotive forecasting and market intelligence firm, a GlobalData company. This was the lowest monthly total since February, but the fact […]
Infomedia Ends Buyout Talks with Solera and TA Consortium
Infomedia Ltd (ASX:IFM) provided an update October 3 on the previously announced takeover proposals the company received from Solera Holdings LLC (Solera) and a consortium comprising TA Associates and Viburnum Funds (TA Consortium) to acquire 100% of Infomedia. According to the update, no binding proposal has been received from either party, they confirmed that it […]
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) […]
HMFT Named Global Finishing Solutions Refinish Distributor Servicing Alberta and Saskatchewan Provinces in Canada
Global Finishing Solutions (GFS) announced that HMFT is now its preferred automotive and truck refinish distributor in Alberta and will also service Saskatchewan, giving body shops and collision repair centers a reliable equipment supplier with a long history of fluid handling expertise. Founded in 1950, HMFT, formerly known as Howard Marten Fluid Technologies, recently acquired […]
3M and CREF Hosted Career Fair Connected Over 200 Students with the Collision Repair Industry
This week, over 200 students from across the Minneapolis–Saint Paul metropolitan area attended a skilled trade career fair event hosted by the Collision Repair Education Foundation (CREF) in partnership with 3M at its global headquarters in St. Paul, MN. The interactive two-day event was tailored for students seeking insight into the diverse career opportunities available […]
U.S. Traffic Volume Decline Accelerated in July
Even though gas prices were down from the historic highs in June, the traffic decline in July increased compared to 2021 and 2019. For the second month in a row, traffic volume was down in July compared to the previous year. Of concern, the rate of decline was higher than in June and was also […]
CIECA Reactivates Calibration Committee to Develop New Standards
The Collision Industry Electronic Commerce Association (CIECA) announced that its Calibration Committee is going to be reactivated to work on new projects brought forth by collision industry stakeholders. Darrell Amberson, president of operations for LeMettry’s Collision in Minnesota, is the committee chair. The first meeting is scheduled for Thursday, October 13, at 11 a.m. (EDT). […]
- « Previous Page
- 1
- …
- 293
- 294
- 295
- 296
- 297
- …
- 1091
- Next Page »