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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 ...
In 1983, GKN, a multinational British company, bought out Meineke Discount Mufflers. [5] In 1986, the company headquarters moved to Charlotte, North Carolina. [6] In 2003, the same year Meineke Discount Muffler Shops, Inc. became Meineke Car Care Centers, Inc., Meineke became a privately held company, no longer publicly traded. [7]
The Consumer Financial Protection Bureau (CFPB) on Wednesday warned that credit card companies devaluing or canceling reward points, cash back or miles rewards programs may be breaking the law.
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