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When debating if you should sell the assets of your business compared to bringing a new buyer to buy shares in the existing company, there’s one clear answer for accountant business advisor Hunt Demarest: Do an asset sale. “For every 500 asset sales we see, we see one stock sale. Really, we never ever, ever see stock sales,” he said at this year’s Midwest Auto Care Alliance’s Vision Hi-Tech Training & Expo in Kansas City.
If you’re attending automotive school , chances are you’re learning about the evolving technologies and key players shaping the industry’s future. One name that’s gaining increased attention is Hon Hai Precision Industry Co., Ltd., commonly known as Foxconn. Although Foxconn is widely recognized as a tech giant, particularly for its role in manufacturing Apple products, its influence is expanding into the automotive sector.
Wallbox announced that it has surpassed the milestone of one million EV chargers sold worldwide as of the end of Q2 2024. This accumulated figure includes ABL’s EV charger sales. The news comes as Wallbox expands its portfolio, with the introduction of ABL’s EM4 into the group’s international offering, and the launch of the Supernova 180 and Pulsar Pro into the North American market, the company said. “Surpassing the milestone of 1 million EV chargers sold is a testament to the stren
This EV has more than 70,000 miles on the front brake pads. Going this far would be unimaginable for most internal combustion powered vehicles. So, how did the EV do this? The reason is regenerative braking. When you hit the brake pedal on most internal combustion vehicles, hydraulic pressure is generated by the master cylinder and sent to the calipers.
Frontier Automotive & Industrial Supplies has expanded its facility to enhance growth and service to the community. Located in La Crete, Alta., almost 700 km north of Edmonton, the location is now 30,000 square feet — almost double the size of its previous 15,040 square-foot building. It includes a 10,000-square-foot sales floor and a 20,000-square-foot warehouse.
Dispatch training opens many career opportunities, including becoming a customer service representative. If you enjoy problem-solving and interacting with customers, this could perfectly fit your skillset. Customer service roles allow you to apply the logistical and organizational skills gained during dispatch training, making the transition into customer service smooth and rewarding.
This EV has more than 70,000 miles on the front brake pads. Going this far would be unimaginable for most internal combustion powered vehicles. So, how did the EV do this? The reason is regenerative braking. When you hit the brake pedal on most internal combustion vehicles, hydraulic pressure is generated by the master cylinder and sent to the calipers.
Many auto repair shops are adding a fee to the final invoice for customers using credit cards. I get it, but don't agree. For me it's simple. First, do your best to negotiate the best deal from your credit card provider service. Next, take that fee and add it to your cost of doing business. To me, I consider this fee an expenses, just like all other expenses: office supplies, utility bill, insurance, taxes, training, travel expenses, maintenance, etc. etc.
Many auto repair shops are adding a fee to the final invoice for customers using credit cards. I get it, but don't agree. For me it's simple. First, do your best to negotiate the best deal from your credit card provider service. Next, take that fee and add it to your cost of doing business. To me, I consider this fee an expenses, just like all other expenses: office supplies, utility bill, insurance, taxes, training, travel expenses, maintenance, etc. etc.
NTN Canada announced that aftermarket veteran Jeff Lee has joined its team as director of sales for the Canadian automotive and heavy-duty aftermarket, overseeing those sales channels. He will officially take on the role on October 28, 2024. In an announcement, NTN noted Lee is “a respected aftermarket sales professional with over 20 years of sales and account management experience.
Mastering technical skills is just the beginning if you’re pursuing a career in the automotive industry through auto mechanic school. Today’s auto shops thrive on exceptional customer service, where clients expect expert repairs and a smooth, tech-enhanced experience. Mechanics can strengthen client relationships and drive their career growth by blending technical expertise with customer-focused service.
This episode of the Road to AAPEX takes us to Grand Rapids, Mich., for a trip to Auto-Wares, where host Joe Keene learns about the company’s history, operations and distribution of auto parts. Auto-Wares works closely with manufacturers like BCA Bearings, a division of NTN, to ensure high-quality OE replacement parts are delivered to where they’re needed most.
This episode of the Road to AAPEX takes us to Grand Rapids, Mich., for a trip to Auto-Wares, where host Joe Keene learns about the company’s history, operations and distribution of auto parts. Auto-Wares works closely with manufacturers like BCA Bearings, a division of NTN, to ensure high-quality OE replacement parts are delivered to where they’re needed most.
It’s been a year now since Nick Brunet took over as the president of Bestbuy Distributors. At the company’s annual Buy & Sell event, held in Vancouver this year, Auto Service World Conversations host Adam Malik sat down with Brunet to reflect on his year at the helm and more. Brunet gives his background on how he made his way to lead Bestbuy, which included a tenure with 3M and what was meant to be a pitstop but grew into more within the mattress industry.
Finding the right career path can be challenging for many students or recent graduates. If you’re uncertain about your current studies, it might be time to explore a new direction—like ATC Cambridge’s automotive school. ATC Cambridge student Kyven Chan can certainly relate to this. In a recent discussion, he shared: “My journey has been pretty long because I didn’t originally come from a mechanic background.
One of the most basic circuits found on every gasoline-powered vehicle is the ignition coil. This transformer takes low-voltage, high-amperage current and changes it into high-voltage current. It has two windings that are not physically connected. What connects them is magnetism. The primary creates an electromagnetic field when system voltage is applied.
EPISODE: 123 – Never, Ever Let Your Domain Name Expire Today’s episode tackles a critical issue that could cost your business thousands—your domain name. What happens if it expires? Spoiler alert: It’s not good. An expired domain can bring your website crashing down, devastate your SEO rankings, and even force you to pay big money to get it back. But don’t worry, we’re here to guide you through it!
You’re in the people business. You just happen to fix cars, a shop coach told a room full of shop owners, technicians and advisors. “You are not at the shop to fix cars. The purpose of any business is to create and keep a client,” said Rick White, president of 180Biz, during the presentation Business Boss Leader: From Creeper to Leader at this year’s Mid-West Auto Care Alliance’s Vision and Hi-Tech Training Expo.
If you’re considering a career in auto detailing , understanding what goes into a deep cleaning session is crucial. Deep cleaning isn’t just a quick vacuum or wash—it’s a meticulous process that restores a vehicle to near-showroom condition. As an auto detailing student, learning the details of this intricate procedure is key to mastering the skills needed to impress future clients.
In the rain, snow, or fog, there are few things in your customer’s car as important as a properly functioning rear-window defogger. But they can encounter various issues over time that can affect their performance. One common problem is a break in one or more of the defogger grid lines, caused by age or physical damage. If there are specific areas of the window that aren’t heating, the problem is likely a break in one of these grid lines.
The highly anticipated Race to Charlotte Sweepstakes, hosted by Auto Value and Bumper to Bumper , came to a spectacular finish this October 10-14, as 20 lucky grand prize winners and their guests were treated to an unforgettable VIP racing weekend in Charlotte, North Carolina. This spring promotion, which began in March 2024, awarded professional technicians and shop owners across the country with the chance to win an exclusive NASCAR racing experience.
A new report highlighted just how much cheaper electric vehicles need to get in Canada to reach mandated sales levels. Unless policies or technologies change, the purchase cost of EVs needs to decrease by 31 per cent for Canada to reach its sales target of 60 per cent EVs by 2030, according to a new report released recently by Parliamentary Budget Officer (PBO) Yves Giroux.
The company promoted Allison Lanzilotta to CEO and Mark Genger to CFO, reflecting their commitment to growth, innovation, and a family-centered culture.
Exide Technologies announced the introduction of the Solition Material Handling battery. Featuring advanced lithium iron phosphate technology, this battery is engineered to enhance reliability, safety, and total cost of ownership for material handling fleets, according to Exide. The company added that the product is tailored for demanding environments and applications such as forklifts, automated guided vehicles, ports, ground support equipment, and lifting platforms.
Explore the advantages of monobloc CV axles in this video. With increased strength, reduced weight, and enhanced performance, monobloc CV axles are engineered to meet the demands of high-performance and off-road vehicles. These axles are built for durability, efficient power transfer, and smoother rides while minimizing maintenance requirements. Learn more about how TrakMotive’s innovative axle designs can improve vehicle handling and overall performance.
Production costs of batteries for electric vehicles is expected to drop in the coming years, an automaker leader recently predicted. And range is expected to significantly grow. At this year’s International Vienna Motor Symposium, Volkswagen board member Michael Steiner predicted that battery production costs are expected to decrease by up to 40 per cent by 2035, with improvements in charging speed, durability, range, recycling, sustainability and safety.
The customer experience program is making it easier for fleets to go electric with their new EV Starter Kit, designed to tackle the challenges of transitioning to electric vehicles.
Nikola Corporation , global provider of zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, released its first-ever sustainability impact report. Nikola’s 2023 Sustainability Impact Report covers environmental and social impacts, reporting, and progress toward Nikola’s sustainability priorities, the company said.
This video explores the benefits of AAR socket design for premium vehicles. Unlike traditional tripod joints, the AAR socket allows for greater articulation angles of up to 26 degrees, providing smoother power transfer and enhanced durability. Built to meet precise OE standards, these axles reduce noise, vibration, and harshness (NVH), making them ideal for high-performance and off-road vehicles.
A new report found significant reliability issues in the electric vehicle charging infrastructure identifying key factors that hinder the growth of EV adoption. The EV revolution has dramatically transformed the automotive industry, with global EV sales soaring by 233 per cent over the past five years, according to the International Energy Agency (IEA), by ChargerHelp outlined in an announcement of its findings.
In 2022, Hurricane Ian damaged upwards of 358,000 vehicles throughout several states, according to CARFAX. After the devastation of hurricanes Helene and Milton in the Southeast, this year is already approaching similar numbers. CARFAX estimates that the 2024 hurricane season has resulted in approximately 347,000 vehicles with flood damage so far. After Hurricane Helene damaged 138,000 vehicles across several Southeastern states, Hurricane Milton damaged 120,000 more in Florida, the company esti
PRT , a brand of ADD USA group, announced it will be exhibiting various product lines and new applications at AAPEX 2024 in the Venetian Expo, booth A4871. Some of the highlights to be presented at the show are new, recently released complete strut assemblies that are designed for the 2023 Chrysler Pacifica and the 2023 Kia Forte GT, the company said.
CV axles, equipped with inner and outer joints, are essential for managing both steering and suspension movements in vehicles. The outer CV joint allows for smooth steering motions, while the inner joint handles the up-and-down movements of the suspension and adjusts for changes in shaft length. Together, these joints ensure constant power transmission, crucial for front-wheel and all-wheel-drive vehicles.
BAAN Powertrain is now carrying Tesla Drive Unit Rebuild Kits and Coolant Deletes. The rebuild kits and coolant deletes are designed to provide reliable and high-quality solutions for Tesla drive units. They are compatible with Model S (February 2012-March 2016) and Model X (September 2015-February 2021). “Whether you’re a repair shop looking to expand your service offerings or a distributor seeking new opportunities, our Tesla Drive Unit Rebuild Kits and Coolant Deletes will help you stay ahead
Danny's Engineportal Today, the ignition switch is a complex device, that powers numerous electrical and electronic systems, throughout the vehicle. In fact, the newest version, identifies the drivers key and allows him, to activate the starting system. [.
Driveshaft problems can be spotted from the moment you put the vehicle in gear to pull it into a bay. As the power is transmitted from the transmission to the rear axle, the slack from worn or damaged components is taken up, resulting in a sudden crunch or pop. Once the vehicle is moving, you might hear a whine coming from the center of the vehicle.
Driveshaft problems can be spotted from the moment you put the vehicle in gear to pull it into a bay. As the power is transmitted from the transmission to the rear axle, the slack from worn or damaged components is taken up, resulting in a sudden crunch or pop. Once the vehicle is moving, you might hear a whine coming from the center of the vehicle.
Schaeffler’s Vehicle Lifetime Solutions division (formerly Automotive Aftermarket) added new Luk TorCon 68RFE and 48RE applications. The torque converters have the same proprietary material and production process as Luk manual clutches which are trusted by professionals worldwide. The TorCon units also feature best-in-class INA thrust bearings The 68RFE design ensures peak performance under any condition, featuring a quad-plate clutch system, delivering greater torque capacity that outperforms s
When tire end-users encounter demanding conditions, it’s up to tiremakers to develop the technology and products to withstand any environment — and it’s up to tire dealers to connect their clients with the right rubber for the job. Off-the-road (OTR) tires for mega-machines like mining trucks or earth movers, for example, are exposed to some of the world’s harshest conditions.
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