Safelite Group, the owner of Safelite AutoGlass, announced the acquisition Absolute Auto Glass, Inc. that operates in Santa Cruz, Calif. The transaction was completed on Tuesday, October 31. “All of us at Safelite are thrilled to serve the people of Santa Cruz,” said Safelite’s President and CEO, Renee Cacchillo. “The addition of a respected business […]
Fix Network Expands in Saudia Arabia
The Fix Network along with its strategic partner, Gulf Motor Company (GMC), a part of United Motors Group (UMG), detailed its growth the Kingdom of Saudi Arabia (KSA) since launching earlier this year. The partnership was announced last year. The Fix Network now has 17 Fix Auto Collision and Fix Auto Service brand locations since […]
I-CAR Announces Recipients of Jeff Silver and Russ Verona Memorial Awards
The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced the recipients of its annual Jeff Silver and Russ Verona I-CAR Awards that recognize one individual and one collision repair facility for advancing technical education and professionalism in the collision repair industry. The Awards were presented in Las Vegas during SEMA at the Collision Industry Red […]
AkzoNobel Create First Bio-Based Interior Coating for KIA Motors
KIA Motors is using bio-based paint supplied by AkzoNobel for the inside of its new EV9 electric SUV. It’s the first time the vehicle manufacturer has specified an interior bio-based coating. Two kinds of bio-rosin, a solid form of resin, have been used to create the product, one extracted from rapeseed, the other from pine […]
Driven Brands Reports Revenue Up 12% in Third Quarter Compared to Last Year
Revenue increase was due to 6% same-store sales growth and 6% net store growth. Driven Brands Holdings Inc. (NASDAQ: DRVN) delivered revenue of $581.0 million for the third quarter ended September 30, up 12% versus the prior year. System-wide sales were $1.6 billion, up 10 percent versus the prior year driven by 6 percent same-store […]
Axalta Reports Net Sales Up 5.7% in Third Quarter Compared to Last Year
Axalta Coating Systems Ltd. (NYSE:AXTA) announced net sales increased 5.7% year-over-year in the third quarter ended September 30, and 3.5% excluding foreign currency translation, to $1.3 billion. The increase in net sales was driven primarily by 6.3% higher average price-mix and a modest foreign currency translation benefit of 2.2%. Volumes declined by 2.8% as strong […]
LKQ Partners with the International Rescue Committee
LKQ Corporation (NASDAQ:LKQ) announced it is strengthening its commitment to people and the planet by partnering with the International Rescue Committee (IRC), a global non-profit organization that helps people affected by humanitarian crises – including the climate crisis. This partnership exemplifies LKQ’s unwavering commitment to the power of compassion and humanity, and standing with those […]
Solera Launches Peri Payment Processing Solution
Solera Global Corp. introduced Peri, a payment processing tailored for the automotive industry to significantly reduce transaction fees for businesses of all sizes. According to the company, its sustainable approach will transform the merchant services industry, which is often plagued by hidden fees and intricate terms and conditions. Peri will make it easier for automotive […]
Ken Miller Elected President of AASP/NJ Board and Association Honors Members at Annual Meeting
Members of the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) filled the Gran Centurions hotel in Clark, N.J. on October 25 to witness the association’s annual Board of Director elections and award ceremony and enjoy a hilarious set by legendary comedian and TV star Rich Vos. Festivities began with the election of Ken […]
Collision Claims in Second Quarter Down Compared to 2022
While claims in the second quarter were down versus last year, losses were up. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the post-pandemic rebound in claims stalled in the second quarter of 2023, but losses continued to grow to record levels. Collision coverage claims for […]
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