Expands Colorado Springs footprint Service King Collision Repair Centers today announced the acquisition of Perkins Paint and Collision – a division of Perkins Motors, in Colorado Springs. The deal officially closed Friday, Dec. 1, and Perkins Paint and Collision, located at 2025 Sheldon Ave. in Colorado Springs, is transitioning to Service King effective immediately. The […]
GM Targeting 2019 for Introduction of Self-Driving Taxi Fleet
Vehicle manufacturer projects safety technology progress will enable mass launch of self-driving vehicle ride service in major metro markets within two years. In a presentation for investors last week, General Motors executives outlined their electric and autonomous vehicle ambitions. According to Dan Amman, president of GM, autonomous vehicles represent the biggest business opportunity since the […]
Technicians Honored at ASE Annual Meeting
Forty-seven automotive professionals were recognized on November 15, at the Fall Board of Governors meeting of the National Institute for Automotive Service Excellence (ASE) held at the Marriott Mission Valley in San Diego, Calif. The annual awards banquet spotlights top scorers on the ASE Certification Tests. Thirty-six different companies from both OEM and Aftermarket segments […]
Center for Auto Safety Opposes DOT Review on Auto Safety Standards
Believes effort will weaken vehicle safety rules The Center for Auto Safety submitted comments to the U.S. Department of Transportation (DOT) on its notice of regulatory review of several motor vehicle safety standards. The Center urged the DOT not to weaken or repeal regulations that protect drivers, passengers, and pedestrians, and create more benefits than […]
MAPFRE USA To Cease Operation in Five States
Insurer reorganizes operations to add focus to core lines of business and states. MAPFRE USA on Friday announced that it will realign its business and focus operations going forward on a reduced number of states. MAPFRE has identified eleven core states in which it currently operates in the U.S. – Massachusetts, Connecticut, Rhode Island, New […]
Octo Telematics Completes Acquisition of Willis Towers Watson Usage Based Insurance Assets
Octo Telematics (Octo), the UK-based global provider of telematics for the auto insurance industry, announced that it has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson that was announced in October. This acquisition includes Willis Towers Watson’s DriveAbility solution and the DriveAbility Marketplace. Additionally, Geoff Werner, Global Telematics Leader, will […]
Report Projects Big 4 Collision Repair Consolidators Achieve 25% Market Share by 2021
The Romans Group estimates that by 2021, the Big Four consolidators, ABRA, Boyd Group, Caliber and Service King, could represent nearly a quarter of the collision repair market. The result is detailed in a summary of its Advancing Our Insights into the 2016 Collision Repair Marketplace report released to the media. According to the report, […]
Fitch Rating See US Auto Outlook Stable in 2018
Projects decline to 16.8 million vehicles next year, down from 17 million this year. Fitch Ratings’ sector outlook for U.S. auto manufacturers and suppliers in 2018 is stable, reflecting a combination of solid credit profiles for most issuers in the industry and Fitch’s expectation for continued modest global sales and production growth. Fitch expects lower […]
Service King Contributes $35,000 to Singleton Moms of Phoenix
Service King Collision Repair Centers, with the help of its Phoenix teammates, recently presented a donation in the amount of $35,000 to Singleton Moms as part of the organization’s ongoing Service King Cares initiative. The contribution, made possible through the efforts of the fourth annual Service King of Phoenix Charity Golf Tournament, continues the company’s […]
Axalta and Nippon Paint End Acquisition Talks
Axalta Coating Systems (NYSE:AXTA) yesterday confirmed that its previously announced discussions on a possible acquisition by Nippon Paint have ended. According to Axalta, Nippon Paint’s Board of Directors were unwilling to meet Axalta’s expectations regarding the value of the company and assume the financial leverage necessary for the deal. “Axalta is a premier company in […]
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