According to the National Insurance Crime Bureau Hot Wheels report, two 1990s-era Honda models contributed 42 percent of all top 10 thefts. The National Insurance Crime Bureau (NICB) today released its annual Hot Wheels report which identifies the 10 most stolen vehicles in the United States. The report examines vehicle theft data submitted by law […]
Toyota Research Institute Makes $100 Million Investment To Bring Disruptive Tech To Market Faster
Initial investments funding autonomous vehicle technology, artificial intelligence and robotics. The Toyota Research Institute (TRI) announced it is investing an initial $100 million to launch Toyota AI Ventures, a new corporate venture capital subsidiary designed to provide early-stage financing to startup technology companies. TRI launched the venture by contributing initial investments it has made in […]
WestView Capital Partners Invests in English Color
Second major private equity transaction in the paint body and equipment distribution market in less than a month. English Color and Supply, LLC the distributor of automotive paint, equipment and supplies to the collision repair industry, yesterday announced a capital investment from WestView Capital Partners, a Boston-based private equity firm focused on middle market growth […]
Axalta Coating Systems Refinish Brands Approved by Volkswagen Group Italia S.p.A.
Cromax, Spies Hecker and Standox approved for use in Italian dealer network Axalta Coating Systems (NYSE:AXTA) recently signed a new, three-year commercial agreement with Volkswagen Group Italia S.p.A. Under the terms of the contract, the products of Axalta’s three refinish brands, Cromax, Spies Hecker and Standox, are approved for use in Volkswagen Group Italia’s Service […]
ASA Announces 2018 Annual Meeting May 2-6 at Walt Disney World
The Automotive Service Association (ASA) announced its 2018 Annual Business Meeting & Conference will take place May 2-6 in Orlando, Fla., home to Walt Disney World, Epcot Center and a broad array of other attractions. ASA will host the event at the luxurious Walt Disney World Swan and Dolphin Resort. Located on 87 acres of […]
Auto Care Association Elects Executive Committee
The Auto Care Association elected its new Executive Committee members for 2017-2018. Executive Committee members serve a one-year term and are elected annually. This Executive Committee was effective as of July 1, 2017. The Auto Care Association’s elected officers of the Executive Committee are: Chairman, Michael Klein, CEO, Las Colinas Investments, LLC Vice Chairman, Mark […]
OEConnection Completes Clifford Thames Group Acquisition
OEConnection LLC (OEC) announced that it completed the previously announced purchase of Clifford Thames Group (CT) on June 30. “The combination of CT and OEC means great opportunity for the industry,” remarked Chuck Rotuno, Chairman & CEO of OEC. “The new OEC is the only global one-stop shop that provides the means for automakers and […]
NADA’s New-Vehicle Sales Forecast Remains Unchanged at 17.1 Million for 2017
Sales of new light-vehicles down 2.2 percent in first six months of this year. With six months of U.S. new-vehicle sales in the books, the National Automobile Dealers Association (NADA) is holding steady at its original sales forecast of 17.1 million new cars and light trucks for 2017. Through the first six months of the […]
Toyota Opens North American Headquarters in Texas
New headquarters is part of the company’s $10 Billion U.S. Investment over the next five years. Will add up to 4,000 jobs to North Texas by the end of 2017 Toyota Motor North America, Inc. celebrated the official opening of its new North American headquarters in Plano, Texas with a gala event last week. “The […]
Fenix Parts Stock Delisted from NASDAQ
Fenix Parts, Inc. announced that the company’s common shares commenced trading on the OTC Pink Sheets market operated by the OTC Markets Group Inc., under the symbol “FENX.” The company recently received a letter from the Nasdaq Hearings Department notifying the company that trading in its shares on the Nasdaq Stock Market would be suspended […]
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