New facility as part of $300 million investment in advanced manufacturing in North America. PPG (NYSE: PPG) today announced it will invest $300 million in advanced manufacturing in North America to support increased demand for paints and coatings in the automotive industry. These investments will commence in 2024 and span a four-year period. As part […]
Subaru to Build New Business Center, Expands Parts Distribution Center and Training Center in Dallas-Fort Worth Market
Subaru of America, Inc. today shared plans to expand its operations in the Dallas-Fort Worth area and grow its workforce by relocating its Central Region office and establishing a new customer support center in Coppell, Texas. The automaker’s new Dallas Business Center will be co-located with its existing distribution and training facility as part of […]
AirPro Diagnostics Named Preferred Supplier to the Fix Network
AirPro Diagnostics has entered into an agreement with Fix Network to supply its franchisees with diagnostics and ADAS calibrations technologies. “Having watched Fix Network grow to become a global leader in the automotive aftermarket sectors with more than 2,000 points of service globally, we are excited to support the efforts of the Fix Network brands […]
Clay Creasey Named Interim CEO at AAA Northern California, Nevada & Utah
AAA Northern California, Nevada & Utah (AAA NCNU), which has over six million Members in Northern California, Arizona, Nevada, Utah, Montana, Wyoming, and Alaska, announced that Clay Creasey has been appointed by the Board of Directors to the role of interim CEO effective immediately. “Clay is the right leader to step in as interim CEO […]
Focus Advisors Reports Private Equity Investments in Collision Repair Surge
In guest article, David Roberts, Founder and Managing Director, Focus Advisors Automotive M&A, details recent activity, predicts more private equity firms will enter industry. In the last five months, more than $9 billion in capital has been invested into the collision repair industry by private equity firms. The biggest chunk of this new capital was […]
AkzoNobel Italy Site Achieves Highest Automotive Industry Quality Certification
AkzoNobel announced it has been rewarded with automotive industry recognition for the company’s powder coatings site in Como, Italy. The site – which recently completed a major capacity expansion – has received International Automotive Task Force (IATF) 16949 certification. Awarded following an extensive third-party audit, it recognizes the highest levels of product quality and customer […]
Copart Reports Fiscal Third Quarter Fiscal Revenue of $1.13 Billion
Copart, Inc. (NASDAQ: CPRT) reported financial results for its fiscal third quarter ended April 30, 2024. Revenue was $1.13 billion, up $105.4 million or 10.3% from the same period last year. Gross profit and net income attributable to Copart, Inc. were $525.5 million, and $382.3 million, respectively. These represent an increase in gross profit of […]
ASE Spring Testing Underway
Registration ends June 30. The National Institute for Automotive Service Excellence (ASE) reminds service professionals that spring testing is underway. Those who register by June 30 will have 90 days to schedule an appointment to take their selected ASE tests. ASE offers three test-taking options. In-person testing is available for all tests and is held […]
China Motor Insurance Industry Projected to Surpass $158 Billion by 2028
The Chinese motor insurance industry is set to grow at a compound annual growth rate (CAGR) of 5.4% from CNY912.2 billion ($127.4 billion) in 2024 to CNY1,125.7 billion ($158.9 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the Chinese motor […]
Purchasers Considering EV for Next Vehicle Down Year-Over-Year for First Time in U.S.
J.D. Power says purchase consideration ebbs as charging concerns grow. Consumer demand for electric vehicles (EVs) has cooled as the industry grapples with persistent growing pains, according to the J.D. Power 2024 U.S. Electric Vehicle Consideration (EVC) Study, released May 16. For the first time since the study’s inception in 2021, new-vehicle buyer consideration has […]
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