Australia’s AMA Group Limited (ASX:AMA) announced the completion of the previously announced acquisition of Capital Smart Repairs Australia Pty Ltd (Capital SMART). Under the sale terms AMA owns 90% of Capital SMART, with Suncorp Insurance Ventures Pty Ltd (Suncorp) retaining a 10% holding in Capital S.M.A.R.T. The acquisition includes a long-term strategic service agreement of […]
FCA and Groupe PSA Announce Merger to Create 4th Largest Global Auto Manufacturer
The Supervisory Board of Peugeot S.A. (Groupe PSA) and the Board of Directors of Fiat Chrysler Automobiles (FCA) (NYSE: FCAU ) announced they have reached an agreement to merge, creating a new group with global scale and resources owned 50% by Groupe PSA shareholders and 50% by FCA shareholders. The combination would create the 4th […]
Ford Announces Tentative Agreement with UAW
Ford Motor Company announced it has reached a tentative agreement with the United Auto Workers Union on a new four-year contract. According to Bill Dirksen, Vice President, Labor Affairs, Ford Motor Company, “Ford can confirm the UAW’s announcement that the UAW and Ford have reached a proposed tentative agreement on a four-year contract. Further details […]
Online Registration for MSO Symposium Ends Tomorrow
Online registration for the 2019 MSO Symposium, taking place on Monday, Nov. 4 in Las Vegas at the Mandalay Bay ends this Friday, Nov. 1. This year’s half-day conference encompasses networking opportunities and an action packed agenda. Leading companies from the industry like Berkshire Hathaway, Caliber Collision, Certified Collison Group, DrivenBrands, Gerber Collision & Glass, […]
Nissan North America Partners with CCC for Collision Repair Parts Marketing
CCC Information Services Inc. (CCC) announced today that Nissan North America Inc. has selected CCC to support its collision repair parts marketing and sales efforts. Nissan will leverage CCC Promote to support dealers across the U.S. in offering promotional parts pricing to collision repairers as estimates are being written within the CCC ONE Platform. In-market […]
Safelite Group Acquires Quick’s Glass Service with Five Locations in California
Safelite Group, the owner of Safelite AutoGlass, announced the acquisition of Quick’s Glass Service. The transaction was completed at the close of business October 25. Quick’s Glass Service has been in business for decades, owned and managed by Clint Harless. With five locations across California, including Marysville, Yuba City, Sacramento, Lodi and Stockton, the acquisition […]
Parker Hannifin Completes LORD Acquisition
Parker Hannifin Corporation (NYSE:PH) announced yesterday it completed its acquisition of LORD Corporation for approximately $3.675 billion in cash that was announced in April. The strategic transaction creates a combined organization with strong materials science capabilities, electrification and aerospace product offerings that are highly complementary. According to the company, the acquisitions will significantly expand Parker’s […]
Thatcham Research Announces Motordata Research Consortium in Malaysia Becomes Global Associate
UK-based Thatcham Research is today announced that the Malaysian motor insurance research center, Motordata Research Consortium (MRC), will become a Global Associate member. The MRC is now the second international organization to sign such an agreement following Australia’s Suncorp in 2018. Under the new agreement, MRC will continue to use Thatcham Research’s PLAZA system to […]
New Vehicle Sales Projected Down Slightly On Selling Day Adjusted Basis in October
J.D. Power and LMC Automotive reports retail vehicle sales remain strong in October. Revise annual sales forecast upward. New-vehicle retail sales in October are expected to be similar to a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,134,400 units, a 0.9% decrease […]
Refinish Distributors Alliance Adds New Member in Pennsylvania
The Refinish Distributors Alliance (RDA) announced Zimmerman Auto Body Supplies Inc. in Ephrata, Pa. is its newest member. Zimmerman Auto Body Supplies is a 2nd generation family run business that has been selling paint and supplies to the collision industry since 1979. Over the last 40 years they have grown to four locations in Ephrata, […]
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