Announces CEO transition and car wash business sale. Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent of CARSTAR and MAACO, announced its fourth quarter and full-year 2024 financial results on February 25, while also revealing plans for a CEO transition and the sale of its U.S. car wash business. For 2024, Driven Brands delivered revenue […]
B&R Auto Acquired Highway 64 Truck and Auto Salvage in New Mexico
Expands its network footprint across the Western U.S. B&R Auto, a portfolio company of Highview Capital, LLC, today announced the acquisition of Highway 64 Truck and Auto Salvage in Farmington, N.M. This acquisition further expands the B&R Western U.S. network into the state of New Mexico and across the entire Southwestern U.S., reaching into the […]
NCOIL Adopts Motor Vehicle Glass Model Act to Combat Fraud and Enhance Consumer Protection
The National Council of Insurance Legislators (NCOIL) Property & Casualty Insurance Committee announced it has taken decisive action against what its sponsor says is the growing problem of auto glass repair fraud by adopting the Motor Vehicle Glass Model Act on February 14. Sponsored by Representative Michael Sarge Pollock of Kentucky, the model legislation provides […]
AAA Reports Fear of Self-Driving Vehicles Persists
Drivers say they want better vehicle safety systems over self-driving cars. According to AAA’s latest survey on autonomous vehicles, 13% of U.S. drivers would trust riding in self-driving vehicles – an increase from last year, when this number was 9%. Despite this slight increase, 6 in 10 U.S. drivers still report being afraid to ride […]
Empire Auto Parts Scholarship Applications Open
Empire Auto Parts has announced the continuation of its Scholarship Fund for the second year. This initiative awards two scholarships to students enrolled in post-secondary collision repair programs in underserved communities within Empire’s market. The fund, created in recognition of Black History Month, is administered by the TechForce Foundation. More information and a scholarship application […]
GEICO Reports 7.7% Rise in Premiums Written for 2024
Collision claims frequency down 8-9 percent compared to 2023. Berkshire Hathaway reported its 2024 earnings on Feb. 22, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings climbed to $7.813 billion in 2024, up $4.178 billion, or 114.9 percent, from $3.635 billion in 2023. The improvement […]
BASF to Sell Brazilian Decorative Paints business to Sherwin-Williams for $1.15 Billion
Will explore strategic options for remaining coatings activities in second quarter including automotive OEM and refinish. BASF and Sherwin-Williams have signed an agreement on the sale of the Brazilian decorative paints business, which is part of BASF’s Coatings division. The purchase price on a cash and debt-free basis is $1.15 billion. The transaction is structured […]
NCOIL Highlights February Insurance Career Month
As February marks the ninth annual Insurance Careers Month, the National Council of Insurance Legislators (NCOIL) is proud to join the Insurance Careers Movement (ICM) in highlighting the many important and fulfilling career opportunities the insurance industry has to offer. The ICM is a global network of more than 1,000 insurance carriers, agents, trade associations, […]
NORTHEAST Dollars Campaign Returns to 48th Annual Trade Show
The annual NORTHEAST Automotive Services Show is scheduled for March 14–16 at the Meadowlands Exposition Center in Secaucus, N.J. Now in its 48th year, the event is the country’s second-largest automotive services show, drawing professionals in collision repair and automotive services from across the region. A notable feature of the show is the NORTHEAST Dollars […]
Collision Repair Education Foundation Announces Spring Career Fair Schedule
Businesses looking for trained entry level technicians can participate in high school and college transportation student events. Collision repair industry businesses seeking employees or students seeking job opportunities can kick their search into high gear with the Collision Repair Education Foundation (CREF) Spring 2025 High School and College Transportation Student Career Fairs. The fairs will […]
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