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In April 1956, Midas, an acronym of Muffler Installation Dealers' Association, was established by Nate H. Sherman (1898 - 1980) and the first Midas Muffler opened that year in Macon, Georgia. The chain was originally known as Midas Muffler as they specialized in the replacement of mufflers .
The company was founded by Charles J. August in 1957, originally as a franchise of another company, Midas Muffler. [2] In the mid-1960s, "Chuck" August decided that his muffler shops should offer an expanded list of services. This was not in line with the other organization's wishes. In 1966, he discontinued his affiliation with Midas Muffler. [2]
August's career in automotive maintenance and repair began as a Midas Muffler franchisee in 1957 in Rochester, New York. [1] In 1966, he discontinued his affiliation with Midas. [2] August launched a new company, Monro Muffler, the same year with two business partners, his brother, Burton S. August, and Sheldon Lane. [1]
California filed a $222 million lawsuit against the owner of 22 Midas Muffler shops after uncover agents discovered a "massive" scheme in which consumers were charged for unneeded repairs ...
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Average mortgage rates for popular 30-year fixed terms are relatively flat while shorter 15-year fixed terms tick up as of Wednesday, January 8, 2025, elevated to their highest levels in six months.
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