USAA is making two major changes to its employee benefit package in 2017. USAA announced that effective since Feb. 5, employees at the financial services company have seen their minimum pay rise to $16 per hour, or more than $33,000 per year. This increase doesn’t reflect overtime or eligibility for the annual bonus also available […]
LKQ Reports Record Results for First Quarter
Revenue growth of 21.9% to $2.34 billion, Organic Growth for parts and services 4.5% LKQ Corporation (NASDAQ:LKQ) today reported record revenue for the first quarter of 2017 of $2.34 billion, an increase of 21.9 percent as compared to $1.92 billion in the first quarter of 2016. Income from continuing operations for the first quarter of […]
Mitsubishi Electric to Pay CA$13.4 million for Car Part Bid Rigging in Canada
Car parts manufacturer Mitsubishi Electric Corporation pleaded guilty to three counts of bid-rigging for participating in an international conspiracy and was fined CA$13.4 million ($9.8 million) by the Ontario Superior Court of Justice in Canada. A Competition Bureau investigation determined that Mitsubishi Electric entered into illegal agreements with a competing Japanese car parts manufacturer. The […]
PPG Certification Training Programs Evolve to Address New Technology
PPG continues to address evolving automotive refinish technologies with ongoing comprehensive certification training programs designed to keep paint technicians at the forefront of the industry. As OEMs introduce more complex and exotic finishes, PPG is making sure refinish technicians are prepared to meet the challenges the new finishes present. “Maintaining alignment with the industry, PPG […]
CAPA Releases Consumer Video Explaining Part Choices
The Certified Automotive Parts Association (CAPA) announced a new animated whiteboard video, which explains the four basic part choices consumers have when their vehicles undergo an insurance-based repair: a new car company branded part; a CAPA Certified independently produced part; a non-CAPA certified part; and a recycled part. “Nobody wants to be involved in […]
Global Finishing Solutions Announces New Refinish Distributors
Global Finishing Solutions (GFS) announced the addition of Chassis Liner Supply, Purified Air and Quality Finish Services to the GFS Auto and Truck Refinish distribution team. These new distributors expand its ability to service to automotive and truck refinish customers in Minnesota, southern Texas, western Pennsylvania and Maryland. Chassis Liner Supply, Purified Air and Quality […]
Axalta Releases First Quarter 2017 Earnings
Refinish sales up 5.7 percent excluding foreign currency translation. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for the first quarter ended March 31. First quarter net sales of $1.0078 billion were driven by volume growth of 8.9 percent, offset partly by 1.2 percent lower average selling prices and by a 2.2 percent negative […]
Repairify Opens New Headquarters in Texas
Repairify, makers of the asTech remote diagnostic tool, opened its new headquarters this month in Plano, Texas. The 21,000 sq. ft. facility features a dedicated training and research area along with expanded space for additional master technicians. The new office, which is three times larger than the previous location, is in addition to the company’s […]
JN Phillips Auto Glass to Open Eight New Stores Servicing New Hampshire, Maine and Vermont
JN Phillips Auto Glass, a New England-owned company, announced a new investment initiative for servicing auto glass customers across Northern New England, including New Hampshire, Maine, and Vermont. The company plans to open eight auto glass service centers across the region during the next 36 months. The company will also expand its mobile fleet and establish […]
April New Vehicle Retail Sales Match 2016 levels
J.D. Power and LMC Automotive Report Incentives Rise Considerably New vehicle retail sales are expected to remain on pace with last year, but incentive spending is at record levels through April, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales in the month of April are anticipated to reach 1,169,700 […]
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