AkzoNobel N.V. (OTCMKTS:AKZOY) and Axalta Coating Systems (NYSE:AXTA) announced this afternoon that they have ended their discussion into a possible merger without an agreement to combine the companies. On October 30, both AkzoNobel and Axalta confirmed they were engaged in discussions into a possible “merger of equals” of the two global coatings companies. According to […]
Philadelphia Collision Repair Shop Owner Ordered to Pay Over $285,000 in Collected Sales Tax
A Philadelphia collision repair shop operator recently was ordered to pay $285,908.71 to the Pennsylvania Department of Revenue after he failed to remit sales tax that he collected at his collision repair facility, Revenue Secretary Dan Hassell announced November 21. Edward A. Hildebrandt III, 48, the owner and operator of the defunct University Collision Center, […]
Small Business Optimism Maintained High Level in October
NFIB Optimism Index inches up in October as more owners expect better sales and say it’s a good time to expand. More small business owners last month said they expect higher sales and think that now is a good time to expand, according to the October National Federation of Independent Business (NFIB) Index of Small […]
Clayton, Dubilier & Rice Acquire 40% Stake in Belron
D’Ieteren, the automotive company and parent of Belron, and Clayton, Dubilier & Rice (CD&R), the global private investment firm, announced Sunday that they have entered into exclusive discussions under which CD&R-managed funds would acquire a 40 percent ownership interest in the Belron group, the global vehicle glass repair and replacement company and parent of Safelite […]
The Collision Centers of New York Raises Funds for National Breast Cancer Foundation
The Collision Centers (TCC) of New York celebrated Breast Cancer Awareness month in October by partnering with National Breast Cancer Foundation (NBCF) to spread awareness and raise funds. The NBCF puts much of their focus on helping with early detection of possible cancer cells, and treatment for those who have been diagnosed. They have programs […]
Collision Repair Industry Production Down Slightly in August
After achieving record levels of production, production declined slightly in August compared to July, but was up versus 2016. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that total production for the collision repair industry in August declined slightly from the record levels it […]
AASP-MN Adds Additional Venue for January 9-11 Race for Automotive Education
The Alliance of Automotive Service Providers, Minnesota (AASP-MN) announced that the 16th Annual Race for Automotive Education is planned for January 9-11, 2018. The event serves as the primary fundraiser for the AASP-MN Automotive Education Fund, which provides financial resources to support automotive students, enhance automotive programs and raise awareness of career opportunities in the […]
Service King Opens Collision Repair Center in Arkansas
Service King Collision Repair Centers announced the opening of a new location in Little Rock, Arkansas. The repair center is located at 1403 Rebsamen Park Road near downtown Little Rock and continues Service King’s ongoing national growth strategy. With the new repair center, Service King now grows to seven Arkansas locations and a total of […]
October Wholesale Used Vehicles Down from September
Wholesale prices remain above previous year levels. According to the ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, the average wholesale prices in October were down only modestly month-over-month and were up year-over-year, bolstered by lingering impacts from hurricanes Harvey and Irma. Generally, lower used vehicle prices increase pressure on the number of […]
Dobb’s Auto Body Wins AASP/NJ Body Shop of the Year Award
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced this year’s winner ofthe Stan Wilson/New Jersey Automotive Body Shop of the Year Award was Brad Denning of Dobbs Auto Body in Springfield. “It’s an honor to be recognized,” Denning said. “It’s nice to know that your hard work and dedication to the industry […]
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