The UK-based refinish product manufacturer does business in over 100 countries and expects 2021 fiscal net sales of $145 million. Axalta Coating Systems (NYSE: AXTA) today announced that it will acquire U-POL Holdings Limited from Graphite Capital Management LLP and other holders for £428 million ($590 million) subject to certain adjustments set forth in the […]
Progressive to Hire 6400 New Employees to Support Growth
Progressive Insurance intends to hire up to 6,400 new employees during the remainder of 2021 to support the national insurance organization’s growth. With 2020 total revenues topping $42 billion, the company continued to gain market share and increase its customer base and it will be adding more employees in claims, customer care, technology, analysis and […]
Aftermarket Groups Praise FTC Nixing the Fix Report
The Auto Care Association, along with six other aftermarket trade groups, sent a letter to the new chair of the Federal Trade Commission (FTC) on June 30 expressing appreciation to the FTC for findings and conclusions of the recently released report entitled “Nixing the Fix: An FTC Report to Congress on Repair Restrictions.” The report […]
Sean Carey to Examine Safe and Proper Repair Using AI in July 8 Guild 21 Webinar
Verifacts Automotive, LLC announced that its Guild 21 Webinar on July 8 at 2 p.m. (EDT) will feature Sean Carey, president of SCG Management Consultants. During the 90-minute presentation, A Safe & Proper Repair Using AI, Carey will talk about the role of artificial intelligence (AI) when it comes to a proper and safe repair […]
Interview: Stacy Bartnik Details CAPA Tier 1 Replacement Parts Verification Program
In our video interview, Bartnik details the latest program to help industry identify quality replacement parts in the collision repair market. In June, the Certified Automotive Parts Association (CAPA), the independent non-profit standard-setting and certification organization for automotive collision repair parts, announced the launch of its new Tier 1 Replacement Parts Verification Program. The new […]
Axalta’s Tom McGarry to Retire July 16
Tom McGarry, North America Marketing and Strategy Manager for Axalta Coating Systems announced he will retire on July 16, after 34 years in the automotive paint industry and 15 years in the automotive mechanical industry. McGarry first joined Sherwin Williams in 1987 as a Branch Manager in Toledo, Ohio. He was promoted to Regional Jobber […]
Group 1 Automotive Acquires Nine Franchises in the U.K.
Group 1 Automotive, Inc. (NYSE: GPI) today announced the expansion of its U.K. operations with the acquisition of nine businesses northeast of London, primarily in the region of East Anglia. These operations represent the family of brands offered by the Volkswagen Group, along with one Citroen dealership with major locations in the cities of Norwich, […]
NJ-Based CURE Auto Insurance Launches in Michigan
CURE auto insurance, a not-for-profit car insurer doing business in New Jersey and Pennsylvania, announced it was granted a license to expand into Michigan starting July 2, when the latest no-fault reforms take effect. CURE announced its studies project a savings of up to 50% from Michiganders current rates. Most notably, CURE refuses to use […]
Florida Governor Vetoes No-Fault Auto Insurance Repeal
Florida Gov. Ron DeSantis has vetoed legislation that would have ended Florida’s system of no-fault auto insurance, saying the bill (SB 54) would result in “unintended consequences.” Critics of the legislation argued the bill would push up rates for many drivers. “While the PIP system has flaws and Florida law regarding bad faith is deficient […]
Axalta Offers Collision Repair Trade School Instructor VIP Virtual Workshop July 13-15
Axalta Coating Systems (NYSE:AXTA) is inviting collision repair trade school instructors in the U.S. and Canada to participate in the 2021 North American Trade School Instructor VIP Workshop, an interactive learning experience open to instructors of all paint brands. This year’s event will feature virtual sessions and take place July 13-15, with sessions running from […]
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