Asbury Automotive Group, Inc. (NYSE: ABG) has completed the previously announced acquisition of Park Place Dealerships adding approximately $1.7 billion in annual revenues. The operating assets to be acquired include 12 new vehicle franchises, all of which are located in the Dallas/Fort Worth market: 3 Mercedes-Benz, 3 Sprinter, 2 Lexus, 1 Jaguar, 1 Land Rover, […]
IBISConnect Turkey Virtual Event October 7
The International Bodyshop Industry Symposium (IBIS) announced its brand new IBISConnect Turkey online event will take place as a three-hour live simulcast on Wednesday, October 7 between 10.00 and 13.00 TRT (7:00-10:00 UTC). The event will feature presentations, panel discussions, audience Q&A, breakouts and peer-to-peer networking delivered through the medium of the IBISConnect virtual conference […]
Rakesh Sachdev Named to Axalta Board of Directors
Axalta Coating Systems Ltd. (NYSE: AXTA) announced that Rakesh Sachdev has been appointed to its Board of Directors, effective August 24, 2020. Sachdev will serve on the Company’s Nominating and Corporate Governance Committee and Compensation Committee. “The Axalta Board of Directors always seeks to optimize the balance of expertise, experience and diversity amongst our directors. […]
Alex Gelbcke Named CEO of LKQ’s Fource in Europe
Starting September 1, the management team of LKQ Europe and Fource welcomes Alex Gelbcke, a well-known and highly respected automotive industry veteran. There will be a transition period until the end of 2020, at which time Alex will take over the position of CEO from current CEO, Sinon Galvin. Gelbcke will take over daily management […]
U.S. Gasoline Consumption Four Week Average Up Over Last Month for Week Ending August 14
While the week-on-week numbers were down, the overall trend in gasoline demand continues upward. The latest data from the U.S. Energy Information Administration (EIA) showed that the four week moving average for gasoline consumption for the week ending August 14 was up both versus the previous week, month and year. Gasoline consumption was down for […]
Fix Auto Canada Adds Collision Repair Center to Network in Alberta
Fix Auto Canada announced the addition of Fix Auto Lakeland St. Paul to its network in Alberta, Canada. Allen Preston, owner and general manager, started his career in the automotive industry in 1983, becoming a journeyman auto body mechanic in 1987. He decided to change careers in 2000 and became a UFA Petroleum agent with […]
AASP/NJ Virtual Town Hall Tackles Photo Estimating, Insurer Conduct
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) set out to arm its members with necessary resources and knowledge via the association’s first-ever virtual “Town Hall” meeting on August 19. AASP/NJ Executive Director Charles Bryant focused attendees’ attention on state regulations governing auto physical damage claims and unfair claim settlement practices, highlighting language […]
VeriFacts Launches EV Ready Education and Verification Program for Collision Repair Facilities
To help its collision repair facilities customers prepare for hybrid and electric vehicle repairs, VeriFacts Automotive launched the VeriFacts Academy 2020 virtual collision repair classroom, which features the new Hybrid/Electric Vehicle Essentials Course as one of its’ first learning modules. Through this course, collision repair professionals can gain knowledge of the safety protocols and repair […]
NBRA Calls for UK Government to Extend Job Retention Scheme Through December
The National Body Repair Association (NBRA), the trade association for the UK’s vehicle body repair shops is calling on the government to extend the Coronavirus Job Retention Scheme (CJRS) through the end of December. The program is currently to expire at the end of October. Despite body shops being permitted to remain open during the […]
Collision Repair Industry Production Rebounded in May and June
After record declines in April, employment and hours worked rebounded significantly as economy started to reopen. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the final May and preliminary June employment, hours worked and wages shows significant improvement. But, the stark picture of the […]
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