The sixth annual MSO Symposium, co-located with NACE Automechanika in Chicago, takes place on 26 July at the Hyatt Regency McCormick Place. The agenda, aimed at providing insight to help you grow multisite operators (MSO) business, has been created by the Automotive Service Association’s Industry Advisory Board and includes sessions focusing on insurer and vehicle [...]

Shares in AkzoNobel have jumped by more than 14% this morning after it emerged that it had rejected a takeover bid from paint rival PPG. Meanwhile, PPG shares also rose after news of a potential merger broke. AkzoNobel rejected the €20.9bn offer, saying it undervalued the company and threatened jobs and research and development, but [...]

AkzoNobel has rejected a €20.9bn takeover bid from PPG Industries. However, the bid has sparked action from AkzoNobel, which says it is now considering separating its specialty chemicals business. Bloomberg reports that AkzoNobel rejected the PPG bid, worth €83 per share and nearly 30% above AkzoNobel’s closing level last Wednesday, saying it substantially undervalued the [...]

Service King Collision Repair Centers has opened its 20th site in the greater Los Angeles area. The announcement follows news of the deal to partner with Performance Paint and Body. Alan Saviano, Service King Market Vice President for Southern California, said, ‘This is yet another step in our mission to be the collision repair operator [...]

Beijing will invest $1.3bn to convert its fleet of 70,000 taxis into electric vehicles. According to a report by National Business Daily, the transition to electric cars will cover all new taxis registered in the region. ‘All newly added or replaced taxis in the city of Beijing will be converted from gasoline to electricity, according [...]