AkzoNobel N.V. (OTCMKTS:AKZOY) and Axalta Coating Systems (NYSE:AXTA) announced this afternoon that they have ended their discussion into a possible merger without an agreement to combine the companies. On October 30, both AkzoNobel and Axalta confirmed they were engaged in discussions into a possible “merger of equals” of the two global coatings companies. According to […]
Philadelphia Collision Repair Shop Owner Ordered to Pay Over $285,000 in Collected Sales Tax
A Philadelphia collision repair shop operator recently was ordered to pay $285,908.71 to the Pennsylvania Department of Revenue after he failed to remit sales tax that he collected at his collision repair facility, Revenue Secretary Dan Hassell announced November 21. Edward A. Hildebrandt III, 48, the owner and operator of the defunct University Collision Center, […]
Small Business Optimism Maintained High Level in October
NFIB Optimism Index inches up in October as more owners expect better sales and say it’s a good time to expand. More small business owners last month said they expect higher sales and think that now is a good time to expand, according to the October National Federation of Independent Business (NFIB) Index of Small […]
Clayton, Dubilier & Rice Acquire 40% Stake in Belron
D’Ieteren, the automotive company and parent of Belron, and Clayton, Dubilier & Rice (CD&R), the global private investment firm, announced Sunday that they have entered into exclusive discussions under which CD&R-managed funds would acquire a 40 percent ownership interest in the Belron group, the global vehicle glass repair and replacement company and parent of Safelite […]
The Collision Centers of New York Raises Funds for National Breast Cancer Foundation
The Collision Centers (TCC) of New York celebrated Breast Cancer Awareness month in October by partnering with National Breast Cancer Foundation (NBCF) to spread awareness and raise funds. The NBCF puts much of their focus on helping with early detection of possible cancer cells, and treatment for those who have been diagnosed. They have programs […]
AASP-MN Adds Additional Venue for January 9-11 Race for Automotive Education
The Alliance of Automotive Service Providers, Minnesota (AASP-MN) announced that the 16th Annual Race for Automotive Education is planned for January 9-11, 2018. The event serves as the primary fundraiser for the AASP-MN Automotive Education Fund, which provides financial resources to support automotive students, enhance automotive programs and raise awareness of career opportunities in the […]
Service King Opens Collision Repair Center in Arkansas
Service King Collision Repair Centers announced the opening of a new location in Little Rock, Arkansas. The repair center is located at 1403 Rebsamen Park Road near downtown Little Rock and continues Service King’s ongoing national growth strategy. With the new repair center, Service King now grows to seven Arkansas locations and a total of […]
Dobb’s Auto Body Wins AASP/NJ Body Shop of the Year Award
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced this year’s winner ofthe Stan Wilson/New Jersey Automotive Body Shop of the Year Award was Brad Denning of Dobbs Auto Body in Springfield. “It’s an honor to be recognized,” Denning said. “It’s nice to know that your hard work and dedication to the industry […]
Service King To Open New Collision Repair Center in Dallas-Fort Worth Market in December
Hosts hard hat tour of location opening next month. Service King Collision Repair Centers hosted an official hard hat tour inside its future Rockwall, Texas collision repair center last week. The event hosted industry colleagues, business partners and local community leaders including first-responders and the Rockwall Chamber of Commerce, who were all treated to a […]
Volvo Announces Agreement to Supply “Tens of Thousands” of Autonomous Cars to Uber
Agreement covers deliveries from 2019-2021. Volvo Cars today announced it has signed an agreement with Uber, the ride sharing company, to sell tens of thousands of autonomous driving (AD) compatible base vehicles between 2019 and 2021. The base vehicles are developed on Volvo Cars’ modular, in-house developed Scalable Product Architecture (SPA). SPA is currently used […]
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