The Vella Group said it has acquired GB Flint Coachworks, a family-owned collision repairer located between Derby and Nottingham, bringing the U.K. multi-site operator to 20 locations across England and Wales. The deal extends Vella’s footprint into the East Midlands. Private equity firms Ama Capital and Keyhaven Capital Partners backed a management buyout of the […]
AkzoNobel Reports First Quarter Results
AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) reported first-quarter 2026 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of €345 million ($404.2 million) on April 22, a 3% decline as reported but a 7% increase at comparable scope and constant currencies, as the coatings supplier delivered its fourth consecutive quarter of year-over-year margin expansion. Adjusted […]
Consumer Sentiment Falls for Second Month, Matching Mid-2022 Low in Final April Reading
Consumer sentiment slid for the second consecutive month in April, reaching a level comparable to the mid-2022 trough as the Iran conflict, elevated gasoline prices and sustained concerns over the cost of durable goods weighed on household views, according to the University of Michigan Surveys of Consumers final release issued April 24. The Index of […]
Root Joins Freeway Insurance Multi-Carrier Platform in National Distribution Deal
Root Inc. (NASDAQ: ROOT), the telematics-based auto insurer, has joined Freeway Insurance’s multi-carrier marketplace, the companies announced April 23, giving the Columbus-based carrier access to Freeway’s national network of retail offices, call centers and online shopping channels. Freeway, a personal lines distribution platform owned by Confie since 2008, was founded in 1987 and promotes a […]
April New-Vehicle Sales Projected at 16 Million SAAR
Sales projected down 7.3% as year-ago tariff rush skews comparisons. Total U.S. new-vehicle sales for April 2026 are projected to reach 1,365,200 units, a 7.3% decrease from April 2025, with retail sales also down 7.3% to 1,129,100 units, according to a joint forecast from J.D. Power and GlobalData released April 23. The decline reflects a […]
Boyd Group Names Steve Hoeft U.S. Collision COO
Zach Balthrop promoted to newly created chief commercial officer role. Boyd Group Services Inc. (TSX: BYD; NYSE: BGSI) on April 22 announced two senior leadership changes, hiring Steve Hoeft as Chief Operating Officer for its U.S. collision business and promoting Zach Balthrop to a newly created Chief Commercial Officer position covering all Boyd business units. […]
UK Competition and Markets Authority Opens Comment Period on AkzoNobel-Axalta Merger
The U.K.’s Competition and Markets Authority (CMA) opened a 15-day invitation to comment on April 16 on the proposed $25 billion merger of Akzo Nobel N.V. and Axalta Coating Systems Ltd., the first formal step in the British regulator’s review of a combination that would create the world’s No. 2 coatings company. The CMA is […]
ASE Urges Air Bag Inspections Amid NHTSA Warnings on Counterfeit Chinese Inflators
The National Institute for Automotive Service Excellence is advising motorists to have their air bags inspected by a certified technician, citing ongoing federal action against non-original equipment replacement inflators that regulators have linked to at least 10 deaths in the United States. The April 21 advisory from ASE lands less than two weeks after the […]
I-CAR Donates $255,000 to CREF
Donation marks 18th consecutive year of support. The Inter-Industry Conference on Auto Collision Repair (I-CAR) has presented its 2026 annual donation of $255,000 to the Collision Repair Education Foundation (CREF), the 18th consecutive year the training organization has contributed to the foundation. Cumulative I-CAR giving since the annual program began exceeds $2.3 million, according to […]
Driven Brands Issues Preliminary 2025, Q1 2026 Results
Receives Nasdaq deficiency dotice on delayed 10-K. Driven Brands Holdings Inc. (NASDAQ: DRVN) on April 21 disclosed preliminary unaudited financial results for the fourth quarter and fiscal year ended Dec. 27, 2025, and for the first quarter ended March 28, 2026, and said it has received a Nasdaq deficiency notice tied to its delayed annual […]
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