Steven Hedlund, the current Chief Operating Officer, to be named President and Chief Executive Officer. Lincoln Electric Holdings, Inc. (NASDAQ: LECO) announced that Christopher L. Mapes, Chairman, President and Chief Executive Officer (CEO), who has served as President and CEO since 2012, will retire as President and CEO on December 31, and will be designated […]
CSN Collision Centres Adds New Collision Repair Facility to Network in Quebec
CSN continues its expansion in Quebec by adding CSN Carrosserie Nordique, a 6,400 sq. ft. collision repair facility located in Saint-Isidore-de-Laprairie, Quebec, to its growing network of leading collision centers. Sébastien Tremblay, owner of CSN Carrosserie Nordique, says, “Having always been passionate about cars, both their mechanics and their bodywork, we found ourselves in a […]
ASA Announces New Board of Directors and Award Winners
The Automotive Service Association (ASA) announced changes to its Board of Directors following its Annual Business Meeting July 17 at the Hilton Indianapolis Hotel & Suites in Indianapolis, Ind. ASA Chairman Scott Benavidez, AMAM, from Mr. B’s Paint & Body Shop Inc., is looking forward to working with the new leadership team. “As I look […]
Gross Domestic Product Increased at Higher Rate in Second Quarter
U.S. real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the second quarter of 2023 according to the advance estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP had increased 2.0 percent. The GDP result was better than analysts expected and has reduced fears that […]
New-Vehicle Sales Projected Up 21.5% in July
Will mark fourth consecutive month of double-digit percentage growth. Total new-vehicle sales for July 2023, including retail and non-retail transactions, are projected to reach 1,320,982 units, a 21.5% increase from July 2022, according to a joint forecast from J.D. Power and GlobalData. Total sales of new vehicles this month are expected to reach 1,320,982 units, […]
Main Street Tax Certainty Act Introduced in U.S. House Seeks to Preserve Pass-Through Business Deductions
U.S. Congressman Lloyd Smucker (PA-11) introduced the Main Street Tax Certainty Act, H.R. 4721, legislation which would permanently extend Section 199A of the Internal Revenue Code, which is slated to expire in 2025. Smucker’s legislation is cosponsored by 92 Members and is supported by all Republican Members of the Ways & Means Committee. Section 199A, […]
LKQ Corporation Waives UK Merger Clearance Condition for Uni-Select Acquisition
August 1 targeted completion date for acquisition. Uni-Select Inc. (TSE:UNS) announced today that LKQ Corporation (NASDAQ:LKQ) has elected to formally waive the closing condition relating to the receipt of UK merger clearance for the previously announced acquisition of Uni-Select by LKQ and its subsidiaries. LKQ also stated in its second quarter earnings announcement today that […]
LKQ Reports Revenue of $3.4 Billion in Second Quarter
Revenue was up 3.2% compared to last year and 5.4% on per-day basis. LKQ Corporation (NASDAQ:LKQ) today reported revenue for the second quarter of 2023 was $3.4 billion, an increase of 3.2% as compared to $3.3 billion in the second quarter of 2022. For the second quarter of 2023, parts and services organic revenue increased […]
CARSTAR Celebrates Grand Opening of New Collision Repair Center in New York City
CARSTAR Brookyln Auto Solutions recently hosted a grand opening event to welcome those in the area to their new 20,000 sq. ft. collision repair facility to meet the team, mingle with one another and hear from elected officials and representatives in Brooklyn, New York. The event, held on Saturday, June 24, and was hosted at […]
Australian Auto Aftermarket and Collision Repair Expo Changes 2024 Event Date to April 11-13
The Australian Automotive Aftermarket Association (AAAA) the decision to change the dates of the next year’s Australian Auto Aftermarket and Collision Repair Expo to Thursday, April 11 – Saturday, April 13, 2024 at the Melbourne Convention & Exhibition Centre. According to the association, Formula 1 recently released their dates for 2024, and the Melbourne race […]
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