Steve Leal, President and CEO of Fix Auto Canada and Fix Auto World announced Fix Auto’s new board of directors, effective immediately. According to Leal the new board is part of a restructuring to enable the organization’s growth strategy in both Canada and Internationally. In July, Leal announced that Fix Auto had secured aan investment […]
Axalta Breaks Ground on Asia Pacific Technology Center in Shanghai
Axalta Coating Systems (NYSE:AXTA) commenced construction of its Asia Pacific Technology Center (APTC) that it announced earlier this year. Scheduled to be operational in third-quarter 2016, the regional technology center will be equipped to undertake fundamental research and develop new coating applications, including the latest generation paint formulations, colors, resin development, dispersion technology, spray application […]
NADA Forecasts 17.7 Million New Vehicle Sales in 2016
Wage growth, combined with declining gas prices and low interest rates, projected to drive auto sales higher next year. Cautions next year could be peak. Moderate wage growth, declining gasoline prices and continued low interest rates on auto loans will drive new car and light truck sales higher in 2016, Steven Szakaly, chief economist of […]
Uni-Select Acquires Ontario PBE Distributor
Uni-Select Inc. (TSE:UNS), the distributor of automotive products in Canada and parent company of FinishMaster, Inc., announced that it has completed the acquisition, through one of its Canadian subsidiaries, of T.N. Discovery Auto Collision Ltd. T.N. Discovery, a member of Uni-Select, has been servicing auto body shops throughout the Greater Toronto Area since 1995. They […]
National Auto Body Council Golf Fundraiser Early Bird Registration Ends November 24
The National Auto Body Council (NABC) announced that early bird registration for its upcoming Annual Golf Event Fundraiser presented by Hertz, ends next Tuesday, November 24. The event takes place at the Tahquitz Creek Golf Resort in Palm Springs, California on Wednesday, January 13. Golfer and sponsor registration is available online. Because it the single […]
Fenix Parts Announces Third Quarter 2015 Results
Fenix Parts, Inc. (NASDAQ:FENX), the automotive recycler, announced third quarter and year-to-date 2015 results. Fenix completed its IPO and the acquisitions of its eight founding companies in mid-May 2015, and another acquisition, of Ocean County Auto Wreckers in August 2015. The accompanying financial statements include results of Fenix Parts, as a standalone entity for the […]
Thatcham Announces Partnership for Chinese Motor Insurance Ratings Market
Thatcham Research announced a partnership with the China Automotive Technology and Research Centre (CATARC) to enable the introduction of a vehicle insurance rating program into China. Funded by UK insurers, one of Thatcham’s key responsibilities is in administering the insurance Group Rating system on behalf of the Association of British Insurers (ABI). The newly signed […]
Leanne Jefferies Named VP of Canadian Operations for Assured Performance
Assured Performance Network announced the appointment of Leanne Jefferies as Vice-President of Canadian Operations. Jefferies will launch and oversee Canadian operations of the Certified Collision Care program powered by Assured Performance Network. Assured Performance Network is a non-profit consumer advocacy organization that operates as a third-party administrator for consumer awareness, body shop Certification and Business […]
Driven Brands Acquires CARSTAR
Parent of Maaco and 1-800-Radiator adds collision repair-focused franchise to portfolio of automotive franchises. Acquisition does not include CARSTAR Canada. Driven Brands, Inc., a portfolio company of Roark Capital and the nation’s leading franchise automotive company, announced today that it has acquired Kansas-based CARSTAR Auto Body Repair Experts. CARSTAR is one of the largest multi-shop […]
Canada – Fix Auto Adds Two to its Collision Repair Network
Fix Auto Canada announced two additions to its collision repair facility network. Paul Randles, General Manager, Fix Auto Atlantic Canada announced the addition of Fix Auto Fredericton, New Brunswick, effective October 1st. Fix Auto Fredericton has undergone major changes in the past few months, like the addition of four more work bays, a new office, […]