Wheel Aligner Equipment Market| Increasing Number of Automobiles to Boost Growth | Technavio
LONDON–(BUSINESS WIRE)–#GlobalWheelAlignerEquipmentMarket–Technavio has been monitoring the wheel aligner equipment market and it is poised to grow by USD 630 mn during 2019-2023, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request latest […]
Automotive Tensioner Market 2019-2023|Adoption of Timing Chains to Boost Growth | Technavio
LONDON–(BUSINESS WIRE)–#AutomotiveTensionerMarketShare–Technavio has been monitoring the automotive tensioner market and it is poised to grow by USD 1.34 bn during 2019-2023, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request the latest […]
Liberty Tire Recycling Acquires Lakin Tire
Unites two premier tire collection and recycling companies to create a new national footprint with best-in-class service and a commitment to sustainability PITTSBURGH–(BUSINESS WIRE)–Liberty Tire Recycling (“Liberty” or the “Company”), one of the leading providers of tire recycling services in North America, today announced the acquisition of Lakin Tire (“Lakin”), with support from its majority […]
Myers Industries Names Michael McGaugh as President and CEO
AKRON, Ohio–(BUSINESS WIRE)–Myers Industries, Inc. (NYSE: MYE), a manufacturer of polymer products and distributor for the tire, wheel and under-vehicle service industry, today announced the Board of Directors has named Michael McGaugh as the Company’s new President and Chief Executive Officer, effective April 6, 2020. McGaugh was also appointed to the Company’s board of directors […]
XPEL Reports Record Revenue Growth in Fourth Quarter 2019 of 47.4%; Full Year Revenue Growth of 18.2%
SAN ANTONIO–(BUSINESS WIRE)–XPEL, Inc. (Nasdaq: XPEL), a global provider of protective films and coatings, announced results for the fourth quarter and year ended December 31, 2019. Fourth Quarter 2019 Highlights: Revenues increased 47.4% to $39.5 million compared to fourth quarter 2018 Net Income of $4.6 million compared to $1.9 million in the same quarter of […]
RumbleOn Updates Preliminary Fourth Quarter 2019 Operating Results; Reschedules Fourth Quarter and Fiscal Year 2019 Financial Results Conference Call
Expected Fourth Quarter Total Unit Sales of 6,432; Percent of Unit Sales to Consumers of 13.4%; and Gross Margin of 7.1% DALLAS–(BUSINESS WIRE)–RumbleOn, Inc (NASDAQ: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today updated preliminary fourth quarter 2019 operating results. The Company […]
Horizon Global Reports Financial Results for the Fourth Quarter and Full Year 2019
Company successfully refinances ABL and names Dennis E. Richardville as Chief Financial Officer Fourth Quarter Highlights Successful amendment of our ABL to stabilize liquidity and support future operating flexibility Net sales of $142.3 million; increase of $4.5 million, or 3.3%, over prior-year comparable period Operating loss of $33.7 million, or (23.7)% of net sales; improvement […]
Steering Clear: Avoiding COVID-19 in the bodyshop
Toronto, Ontario — As the coronavirus continues to grip the globe, bodyshops across North America are taking extra precautions to avoid the highly contagious virus. As the number of people infected with the virus increases, all businesses are adding precautions to their list of daily duties. Step one in avoiding COVID-19 should come naturally to […]
Springing for Success: SAAR’s Spring Conference shines on
Regina, Saskatchewan — Prairie province repairers were gathered in Regina, Saskatchewan this weekend despite widespread cancellations from COVID-19 concerns. This year’s spring fling held heavy emphasis on the industry’s advancing technologies and adapting to the widespread digitization of the automotive industry. Featured speaker Mike Anderson, CEO of Collision Advice, kicked off the event on Friday […]
Tuesday Ticker: March 17, 2020
Auto Parts in Peril? After a strong decade following the great recession, auto parts manufacturers–both OEM and aftermarket–have seen their businesses struggle to manage rises in wages and material costs and drops in demand. With the outbreak of the Coronavirus in China, two Canadian businesses saw significant early drops in their value. As the markets […]
