Acquisition of medical compliance, cost containment and clinical solutions company complements Mitchell’s auto physical damage, casualty and pharmacy solutions divisions. Mitchell International and Genex, the provider of clinical solutions to the workers’ compensation, auto and disability insurance markets, announced on September 27 they have entered into a merger agreement where Genex will become a new division […]
AkzoNobel Closes Sale of Specialty Chemicals to The Carlyle Group and GIC
Akzo Nobel N.V. (AKZA; AKZOY) announced today it completed the sale of the Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion ($11.7 billion). The sale was originally announced last March. “Today is a key milestone in the history of AkzoNobel, creating a focused paints and coatings company, […]
New Vehicle Retail Sales Projected to Decline in September
According to forecast from J.D. Power and LMC Automotive, weather is affecting sales for second consecutive year in September. New-vehicle retail sales in September are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,172,700 units, a 2.8 percent […]
Elon Musk Charged with Securities Fraud for Misleading Tweets on Taking Tesla Private
The Securities and Exchange Commission yesterday charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private. On August 7, 2018, Musk tweeted to his 22 million Twitter followers that he could take Tesla private at […]
HD Repair Forum 2nd Annual Collision Repair Conference April 2-3
The HD Repair Forum announced it will host its second annual conference for the heavy-duty collision repair industry on April 2-3, 2019 in Fort Worth, Texas at the historic Hilton Fort Worth. “The inaugural HD Repair Forum was a success. Our goal was to bring the decision makers and influencers of the industry together with […]
Collision Repair Industry Business Conditions: Q2 2018
Collision repair shops reporting higher sales up over 12 percentage points compared to the second quarter of 2017. Shops reporting higher earnings also up in the second quarter. The CollisionWeek quarterly survey of business conditions reported by collision repair facility owners and managers indicates that the overall percentage of facilities with higher sales was up […]
Certified Collision Group Adds 35 Collision Repair Centers to Network in Third Quarter
The OE certification-focused group of collision repair centers also announced several staff appointments during the past year. The Certified Collision Group (CCG) announced the signing of 35 additional collision repair centers to-date for the third quarter, and key executive and management position appointments of Bob Cornelius, Patrick Fahey, David Ball, Angela DeCrow and Sam Demas. […]
Collision Repair Education Foundation Offers Industry Opportunity to Connect with Future Employees at Fall Career Fairs
The Collision Repair Education Foundation fall schedule of career fairs, offered in partnership with the TechForce Foundation, provides collision and auto service industry businesses with the opportunity to connect with high school and college transportation students across the country. Through these partnerships, the fall events will bring together more than 2,500 collision, auto service, heavy […]
IAA Expands Towing App Launch to Accelerate Catastrophe Response in the Carolinas and Virginia
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services, Inc. (NYSE:KAR), announced the expanded launch of its IAA Tow App that uses data analytics and the latest mobile technology to streamline the dispatch and towing cycle of salvage vehicles. During natural disaster and catastrophic events, IAA recovers flood-damaged and total-loss vehicles on […]
Senate Finance Committee Holds Hearing on Impact of Tariffs on the U.S. Auto Industry
The U.S. Senate Finance Committee yesterday held a hearing to examine the impact of tariffs on the automobile industry in the U.S. Senate Finance Committee Chairman Orrin Hatch (R-Utah) has been critical of the Trump Administration’s expanding use of tariffs. In May, In Hatch called the Department of Commerce Section 232 investigation into imports of […]
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