President Biden’s announcement to release one million barrels of oil per day for six months (180 million barrels) from the Strategic Petroleum Reserve (SPR) helped send the global oil price tumbling to near $100 bbl. The release is intended to stem rising energy prices. The national average for a gallon of gas has fallen to […]
PPG Delivers 1,000th MoonWalk Automotive Refinish Mixing System
PPG (NYSE:PPG) announced that it has completed the 1,000th installation of its PPG MoonWalk automated refinish paint mixing system. The installation at Group Perez Rumbao’s facility in Vigo, Spain, was celebrated at a special event attended by representatives of both companies. The PPG MoonWalk system saves labor, reduces waste and transforms the refinish mixing room […]
Amica Mutual Insurance CEO DiMuccio to Retire at End of 2022
Amica Mutual Insurance Company’s Board of Directors announced that Robert A. “Bob” DiMuccio, Chairman, President and Chief Executive Officer, plans to retire at the end of 2022, following 31 years of distinguished service to the Company, including 17 as CEO. Amica is the 23rd largest private passenger auto insurer in the U.S. With the benefit […]
US Department of Transportation Sets 49 MPG Fuel Economy Standard for 2026 MY Vehicles
The U.S. Department of Transportation’s National Highway Traffic Safety Administration announced new, Corporate Average Fuel Economy standards that require an industry-wide fleet average of approximately 49 mpg for passenger cars and light trucks in model year 2026, the highest fuel efficiency standards to date. The new standards will increase fuel efficiency 8% annually for model […]
Penske Automotive Group Acquires Three BMW MINI Dealerships and a Collison Repair Center in the UK
Penske Automotive Group, Inc. (NYSE:PAG) today announced that its U.K. subsidiary, the Sytner Group, has acquired three BMW MINI dealerships and a collision repair center in the U.K. The acquired dealerships are located in South East England, north of London, complementing the existing presence of 32 BMW MINI franchises operated by the company in the […]
Olympus Partners Acquires Omega Environmental Technologies
Olympus Partners, a Stamford, Conn. based private equity firm, has acquired Omega Environmental Technologies, the aftermarket distributor of climate control products and other components across the light and heavy-duty automotive sectors, from AEA Investors, which will remain a minority equity investor and retain a board position in the Company. Omega serves thousands of customers globally […]
Team PRP Adds Four Auto Recyclers to Its Transportation Network
Team PRP announced that four current members will soon incorporate their parts into the Denver Hub of its transportation network. “These facilities have long been part of the Team PRP family, and we’re excited to make their inventory available to other members of the network.” said Jarret Hann, executive director of Team PRP. “Each of […]
TechForce Foundation Accepting Nominations for its 4th Annual FutureTechs Rock Awards
The TechForce Foundation announced that the annual FutureTechs Rock Awards season has begun. TechForce created this award to honor aspiring technicians and recognize those students with a promising future in the transportation industry. The FutureTechs Rock Awards are accepting nominations through 4 p.m. (PDT), April 19. Nominations can be made online. Over $17,000 in scholarships […]
Nationwide Insurance Survey Says Bad Driving has Americans on Edge
Survey indicates drivers think roads are more dangerous today than before the pandemic. The roadways changed drastically at the onset of the pandemic, even with fewer drivers on the road, traffic deaths have soared throughout the pandemic. According to the National Highway Traffic Safety Administration, despite miles driven declining by 11%, there was a 6.8% […]
Painter’s Collision Centers Opens New Location in Chandler, Arizona
James and Kelly Huard, the owners of Painter’s Collision Centers, officially opened the doors to their newest collision repair facility in Chandler, Ariz. on March 7. The shop is located at 1459 North Arizona Avenue. Family-owned and operated, Painter’s Collision Centers started as a single location in Queen Creek, Ariz. When the founding owners retired […]
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