Global Finishing Solutions (GFS) announced that GSB Industries has joined its automotive and truck refinish distribution team, bolstering GFS’ ability to provide extraordinary service to body shops and collision repair centers in Georgia and Tennessee. Founded in 2006, GSB Industries will supply, install and service a variety of automotive repair equipment. GSB Industries is the […]
Pennsylvania Attorney General Announces Settlements with Towing Companies over Violations of Consumer Protection Laws
Pennsylvania Attorney General Josh Shapiro announced April 20 that his office has reached a settlement with Michael Caban of Angelina’s Towing and Recovery LLC and Siani’s Towing and Recovery LLC, Ricardo Caban of Aubry’s Towing LLC, and Miguel Caban and Miguel Caban, Jr. The settlement is part of a larger effort on the part of […]
Messe Frankfurt Reschedules Two Automotive Trade Shows in China
Messe Frankfurt announced it is rescheduling two of its automotive aftermarket trade fairs in China as the Government has escalated several COVID-19 prevention and control measures. CAPAS Chengdu, the auto parts and aftermarket services show originally scheduled for May 19-21, will move to August 18 – 20, 2022.). In addition, the Auto Maintenance and Repair […]
Tesla Expands Insurance Offering to Three New States, Details Benefits of Integrated Claims on Customer Experience
Company says it is already the second largest insurer of Teslas in Texas, one of its first auto insurance markets. During its quarterly earnings conference call with investors Wednesday, Tesla, Inc (NASDAQ:TSLA) announced that it expanded its “real-time” auto insurance offering into three additional states earlier this week. In response to a question asking for […]
Percentage of Dealers Operating Auto Body Shops Declined Again in 2021
Both the percentage of dealers operating collision repair facilities and dealership shop sales decreased last year versus pandemic impacted 2020. According to the latest research from the National Automobile Dealers Association (NADA), the percentage of dealerships operating on-site body shops was down in 2021 versus the previous year. NADA’s research pegs the percentage of dealers […]
Classic Collision Acquires Repair Center in Houston, Texas
Classic Collision announced the acquisition of Uptown Collision in Houston, Texas. Uptown Collision Center has serviced Houston Galleria and Metro Houston since 2010. Their goal was to expedite the vehicle repair process to ensure the customer is on their way in their repaired vehicle as soon as possible. “This business has brought a good service […]
LexisNexis U.S. Auto Insurance Trends Report Details Trends in the Aftermath of Pandemic-Induced Supply Shortages, High Inflation Rates, New Driving Behaviors
LexisNexis Risk Solutions today released its 2022 U.S. Auto Insurance Trends Report, which aggregates annual market data about driving behaviors, auto insurance shopping, underwriting and claims to help insurers better navigate a myriad of evolving trends impacting the U.S. auto insurance industry. This year’s report analyzes 2021 data, detailing how the industry continues to navigate […]
AMi Provides Online Training Support to Industry
The Automotive Management Institute (AMi) announced plans to expand its partnerships with companies and industry training providers to convert instructor-led training to online courses and provide industry-based accreditation. As the industry continues to adapt to the industry challenges, many organizations are facing tough decisions, from cutting training budgets to laying off staff. AMi, along with […]
LKQ Corporation Completes Sale of PGW Auto Glass Business to One Equity Partners
Sale price was $362 million. LKQ Corporation (NASDAQ:LKQ) announced that it has completed its previously announced agreement to sell PGW Auto Glass, a distributor of aftermarket glass to the North American automotive sector, to One Equity Partners. The sale price was $362 million, subject to customary post-closing purchase price adjustments. LKQ will report the financial […]
AkzoNobel Delivers Double-Digit Revenue Growth in First Quarter
Pricing in line with raw material inflation. Akzo Nobel N.V. (AKZA; AKZOY) revenue was €2,525 million ($2,737 million) up 12% in the first quarter of 2022 compared to last year and 10% higher in constant currencies, driven by strong pricing, up 17%. Pricing initiatives more than offset the increase of raw material and other variable […]
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