General Motors (NYSE:GM) and LG Chem today announced plans to mass-produce battery cells for future battery-electric vehicles. Together, the companies will invest up to a total of $2.3 billion through a new, equally owned joint venture company. The joint venture will establish a battery cell assembly plant on a greenfield manufacturing site in the Lordstown […]
BASF to Double Refinish Coatings Production Capacity in China
BASF will continue to invest in its coatings site in Jiangmen, Guangdong Province in South China, by constructing a new facility for automotive refinish coatings that will start production in the first half of 2022. “Guangdong Province is of strategic importance to BASF in Greater China,” said Zheng Daqing, Senior Vice President, Business and Market […]
Collision Repair Education Foundation Hosting Golf Fundraiser April 7 in Jacksonville
The Collision Repair Education Foundation will hold a fundraiser Tuesday, April 7 at TopGolf in Jacksonville, Fla. The golf fundraiser will be held in conjunction with collision industry meetings taking place later that week. Proceeds from the event will benefit local Jacksonville high school collision programs as well as other high school and college collision […]
Boyd Unitholders Vote in Favor of Corporate Conversion
Transition to public corporation expected to be completed by January 1. The Boyd Group Income Fund (TSE: BYD.UN) announced that its unitholders have voted in favor of the plan to convert the Fund from an income trust to a public corporation named Boyd Group Services Inc. Unitholders representing 81.03% of all units outstanding voted in […]
GM Reports Over $3 Million Partner Perks Part Rebates Since Launch Earlier This Year
General Motors Customer Care and Aftersales (GM CCA) announced milestone growth, as well as a new enhancement to its my GM Partner Perks program. Launched earlier this year, my GM Partner Perks provides enrolled repair facilities and collision shops with a comprehensive parts loyalty program, rewarding on purchases of GM Genuine Parts, ACDelco, Chevrolet Performance […]
Ford and McDonalds Partner to Convert Coffee Bean Skin into Car Parts
Collaboration builds on both companies’ commitments to environmental stewardship. Ford Motor Company and McDonald’s USA will soon be giving vehicles a caffeine boost by using part of a familiar staple in the morning routine, coffee beans, in vehicle parts such as headlamp housings. Every year, millions of pounds of coffee chaff, the dried skin of […]
NASTF Seeks Assistance to Expand Heavy Duty Vehicle Capabilities
The National Automotive Service Task Force (NASTF) is requesting industry participation as it develops its heavy duty capabilities. NASTF has served as a cooperative effort among the automotive service industry, the equipment and tool industry and automotive manufacturers. In keeping with that spirit of cooperation. As NASTF prepares to release a full website overhaul in […]
Private Equity Firm Makes Offer to Acquire Opus Group
Group including CEO seeks to acquire all outstanding shares of global vehicle diagnostic and inspection firm. Searchlight Capital Partners together with Lothar Geilen, the chief executive officer of Opus Group AB (STO:OPUS) announced a public offer to the shareholders of Opus Group AB to acquire all outstanding shares in the Sweden-based vehicle diagnostic and inspection […]
Fix Auto Canada Adds Collision Repair Center to Network in British Columbia
Fix Auto Canada announced that Fix Auto Surrey joined its network in British Columbia. Owner Moe Tabatabaei has been in the automotive industry for 30 years and has owned his shop since 2014. “Cars have always been of great interest to me since a very young age; everything from the mechanics to the overall structure,” […]
Universal Technical Institute Reports Fiscal 2019 Revenue Up 4.6%
Universal Technical Institute, Inc. (NYSE:UTI) reported financial results for the fiscal 2019 fourth quarter and full year ended September 30, 2019. Fourth quarter revenue increased 9.2% versus the prior year quarter to $87.7 million, driving fiscal 2019 revenue for the full year to $331.5 million, up 4.6% versus the prior year. New student starts, excluding […]
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