The Coordinating Committee For Automotive Repair (CCAR) announced a new online Safety course focused on Absorbed Glass Mat (AGM) batteries. The course, developed by CCAR and ShipMate, Inc., is the first in a series of complimentary online safety courses resulting from CCAR’s agreement with the U.S. Department of Labor’s Occupational Safety & Health Administration (OSHA) […]
Fred Iantorno Named VP, Internet of Things at VeriFacts
Verifacts Automotive LLC announced that Fred Iantorno has joined the company as vice president, IoT (Internet of Things), effective immediately. In his new role, Iantorno will support and expand Verifacts’ Verified Quality (VQ) services, that use the company’s patented technology for measurement and reporting. “Fred Iantorno is a connectivity pioneer in the collision repair industry […]
Arnd Franz Named to Succeed John Quinn at LKQ Europe
LKQ Corporation (NASDAQ:LKQ) announced that John S. Quinn, Executive Vice President and CEO of LKQ Europe, has submitted his notice of retirement and Arnd Franz, currently Chief Operating Officer of LKQ Europe, has been selected to succeed John effective October 1. Arnd Franz joined LKQ in April of this year after spending most of his […]
Boyd Group Reports Same Store Sales Up 5.2% in Second Quarter
Overall sales increased by 25.4 percent in the quarter compared to 2018. Announces CEO succession plan. The Boyd Group Income Fund (TSE:BYD.UN) announced sales increased by 25.4% during the second quarter ended June 30 to CA$572.5 million ($430.22 million) from CA$456.6 million ($343.12 million) in 2018, including same-store sales increases of 5.2%. The result is […]
Roark Capital Reported Considering Sale of Driven Brands Stake
According to a report by Bloomberg, Roark Capital is considering a sale of its stake in Driven Brands Inc., the parent of CARSTAR, Maaco and 1-800-Radiator and other automotive franchises. The article states the company could sell for as much as $2 billion according to sources. Roark Capital acquired Driven Brands in 2015 from Harvest […]
Refinish Distributors Alliance Adds New Member in Missouri
The Refinish Distributors Alliance (RDA) has added a new member Auto Color & Equipment in Independence, Mo. Auto Color & Equipment has been serving collision repair centers in the Kansas City area since 1983. They are a family owned business committed to their customers. Auto Color & Equipment are one of the only Axalta Coating […]
Hyundai Donates $50,000 to the NADA Foundation Workforce Initiative
Hyundai Motor America has contributed $50,000 to the National Automobile Dealers Association (NADA) Foundation’s Workforce Initiative. “We really like the NADA’s new approach to getting young people excited about being technicians, and Hyundai is committed to working side-by-side with NADA to accomplish this,” said Barry Ratzlaff, vice president and chief customer officer for Hyundai Motor […]
Small Business Optimism Index Increased in July
The NFIB Small Business Optimism Index defied expectations with increase. Optimism among small business owners bounced back in July as expectations for business conditions, real sales, and expansion made solid gains. The National Federation of Independent Business (NFIB) Small Business Optimism Index rose 1.4 points to 104.7, with seven of 10 components advancing, two falling, […]
IAA Reports Second Quarter Revenue Growth of 10%
Reports year-to-date revenue growth at 7.9% IAA, Inc. (NYSE: IAA) today announced consolidated revenues for the second quarter of 2019 that ended June 30 increased 10.0% to $366.4 million from $333.2 million in the second quarter of fiscal 2018, primarily due to increased volumes of approximately 6% and higher revenue per vehicle of approximately 4%. […]
The Hartford Announces Student Loan Repayment Plan for Employees
The Hartford announced a new student loan repayment program to help its employees pay down up to $10,000 in student debt. According to a recent study by Experian, student loan debt in the United States reached an all-time high in the first quarter of 2019 totaling $1.4 trillion, with an average student loan debt per […]
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