Icahn Enterprises L.P. and The Pep Boys have entered into a definitive merger agreement under which a subsidiary of Icahn Enterprises will acquire Pep Boys for $18.50 per share, or approximately $1.031 billion in aggregate equity value. The merger agreement…
IHS Inc. has acquired Carproof Corporation for $650 million CND (approximately $460 million USD). More details on the acquisition will be provided on the IHS fourth quarter and year-end 2015 earnings call on January 12, 2016. In July 2013, IHS…
It’s a way of giving back to the community, manager says.
Denso Products and Services Americas, Inc., has partnered with OptiCat LLC, to make online access to Denso’s aftermarket product catalogs faster, more efficient and more reliable. Via the OptiCat OnDemand network, retailers, technicians and other Denso partners now have…
FinishMaster, Inc., a subsidiary of Uni-Select, has announced that it has entered into an agreement to purchase substantially all of the assets of ColorMaster Automotive Paint, Inc. (“ColorMaster”). This transaction will substantially increase FinishMaster’s footprint in Illinois, Missouri…
Wall Street news source, StreetInsider has reported that Advance Auto Parts Inc. (NASDAQ:AAP) is exploring a potential sale. After the report was released, shares of the company climbed 5.8 percent, the biggest single-day spike in the past two months. Analysist Ali Faghri…
AllData LLC has teamed up with Carfax to offer a new benefit that helps increase customer loyalty and revenue. Now users of the AllData Manage Online shop management system can enroll in the free myCarfax Service Shop program. Each participating…
Timothy P. Dawe has joined BASF Automotive Refinish as the new sales director for North America. Previously, Dawe was the managing director for Axalta in China. “Tim’s extensive experience and knowledge of the automotive refinish industry will enable him to…
If you’ve got the busy seasons blues, take heart. We’re entering the time of year when all your hard work pays off.
AAMCO franchise has experienced double-digit sales growth in Total Car Care services. Over the last year, the total number of customers who visited an AAMCO service center for maintenance services rose to 60 percent, and that number is predicted to…
Federal-Mogul Motorparts and China Automotive Import and Export Co. Ltd. e expand automotive aftermarket business in China Federal-Mogul Motorparts and China Automotive Import and Export Co. Ltd. (CAIEC), a nationwide state-owned 4S automotive distribution network, announced the formation of a joint venture,…
The Automotive Communications Council (ACC) will produce a free webinar on creating and executing online events, which will be held December 17, 2015. In partnership with Babcox Media, the session “How to Create a Strategic Webinar” will present actionable…