Projects decline to 16.8 million vehicles next year, down from 17 million this year. Fitch Ratings’ sector outlook for U.S. auto manufacturers and suppliers in 2018 is stable, reflecting a combination of solid credit profiles for most issuers in the industry and Fitch’s expectation for continued modest global sales and production growth. Fitch expects lower […]
Service King Contributes $35,000 to Singleton Moms of Phoenix
Service King Collision Repair Centers, with the help of its Phoenix teammates, recently presented a donation in the amount of $35,000 to Singleton Moms as part of the organization’s ongoing Service King Cares initiative. The contribution, made possible through the efforts of the fourth annual Service King of Phoenix Charity Golf Tournament, continues the company’s […]
Axalta and Nippon Paint End Acquisition Talks
Axalta Coating Systems (NYSE:AXTA) yesterday confirmed that its previously announced discussions on a possible acquisition by Nippon Paint have ended. According to Axalta, Nippon Paint’s Board of Directors were unwilling to meet Axalta’s expectations regarding the value of the company and assume the financial leverage necessary for the deal. “Axalta is a premier company in […]
CIC Seeks Input on Industry Issues, Value of Meetings
The Collision Industry Conference (CIC) is asking the industry and its attendees to participate in a brief online survey to help the conference to determine the current top issues impacting the collision repair industry as well as to measure the value of CIC Meetings which took place at various venues throughout 2017. Results of the […]
Andre Lacy, Former FinishMaster Chairman, Dies in Motorcycle Crash in Africa
LDI Ltd., LLC announced the death of its chairman, Andre B. Lacy, yesterday at age 78. Lacy passed away in Botswana in a single-rider accident while on a private motorcycle tour in southern Africa. LDI acquired majority control of FinishMaster in 1996. Lacy served as chairman and CEO of FinishMaster until his retirement from the […]
Tom Jackson Named Chief Product Owner for Audatex UKSA
Audatex UKSA has announced the appointment of Tom Jackson as its new Chief Product Owner. Tom has worked within the automotive industry for over 12 years, bringing with him a thorough knowledge of the sector to Audatex. Throughout his career, Tom has focused on digital data software platforms and product transformation. He holds extensive experience […]
FCA Announces 2018 Jeep Wrangler Includes Aluminum Body Panels
Collision repair facilities that have invested in their aluminum repair capabilities will soon have a new vehicle to work on. Yesterday, Fiat Chrysler Automobiles (FCA) officially introduced its 2018 Jeep Wrangler at the Los Angeles Auto Show. The redesigned vehicle continues to include a body-on-frame design that the vehicle manufacturer touts is the foundation for […]
CARSTAR 76 Earns Progressive Insurance Award
CARSTAR 76, located in Grand Rapids, Mich, brought home the Progressive Insurance Top Gun award for the third quarter of 2017. This marks a record eight consecutive quarters that CARSTAR 76 has been named a Top Gun recipient or Top Gun runner up. Each quarter, Progressive selects one body shop in their network that surpasses […]
AkzoNobel Shareholders Approve Separation of Specialty Chemicals Business
Akzo Nobel N.V. (OTCMKTS:AKZOY) shareholders today approved the separation of its Specialty Chemicals business as part of its strategy to create two focused, high performing businesses; Paints and Coatings and Specialty Chemicals. The approval came during its Extraordinary General Meeting (EGM) held today. AkzoNobel intends to return the vast majority of the net proceeds from […]
California DMV Launches Campaign to Combat Unlicensed Vehicle Dismantling
The California Department of Motor Vehicles (DMV) announced a statewide campaign to inform the public of the health and safety risks posed by unlicensed vehicle dismantling. Dismantling a vehicle without a license is against the law and can involve stripping down vehicles, selling used vehicle parts illegally, and dumping hazardous waste into the environment. Earlier […]
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