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Nissan Announces Plan to Commercialize Autonomous-Drive Mobility Services in Japan by 2027

February 28, 2024 By CollisionWeek Editor

Nissan Motor Co., Ltd. yesterday announced its roadmap to commercialize its inhouse-developed, autonomous-drive mobility services in Japan. According to the company, this is a significant step towards its long-term vision, Nissan Ambition 2030, to empower mobility by solving transportation service issues faced by local communities in Japan. Local communities have been facing several mobility challenges, […]

Filed Under: News Tagged With: Autonomous Vehicles, Japan, Nissan

GEICO Reports Underwriting Profit of $3.6 Billion

February 27, 2024 By CollisionWeek Editor

Loss ratio was 81% in 2023, down 12.1 percentage points from the previous year when the company reported a $1.88 billion pre-tax underwriting loss. Berkshire Hathaway reported its 2023 earnings on February 24, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S.   GEICO’s pre-tax underwriting earnings in […]

Filed Under: News Tagged With: Berkshire Hathaway, Claim Frequency, Claims Severity, Earnings, GEICO, Net Written Premiums

ProColor Collision Adds New Location in Fontana, California

February 27, 2024 By CollisionWeek Editor

ProColor Collision announced the opening of ProColor Collision Fontana, located at 17855 Foothill Blvd in Fontana, Calif. After opening ProColor Collision Rialto in June 2022, shop co-owner Eddy Samawi searched for opportunities to open a second location and serve additional Inland Empire communities. The new Fontana facility was formerly a smog inspection station that leased […]

Filed Under: News Tagged With: California, Network Affiliations, ProColor Collision

Chiltern Capital Invests in UK’s Rapid Repair Network

February 27, 2024 By CollisionWeek Editor

Chiltern Capital LLP announced it has completed an investment in Rapid Repair Network, a leading provider of same-day accident repairs in the United Kingdom. Rapid Repair Network has grown strongly since its foundation in 2018, developing a strong market position that underpins its ambitious growth plans. Rapid Repair Network has successfully grown its customer base […]

Filed Under: News Tagged With: Acquisitions, Chiltern Capital, Rapid Repair Network, United Kingdom

White Paper Says Collision Repair Technician Satisfaction Higher than Dealer Service Technicians

February 27, 2024 By CollisionWeek Editor

The Inter-Industry Conference on Auto Collision Repair (I-CAR), in collaboration with the Society of Collision Repair Specialists (SCRS), engaged with Ducker Carlisle, a global consulting firm, released a white paper detailing the results of their technician satisfaction survey researching opinions on compensation, culture and career opportunities. This survey, which was conducted in 2023 and involved […]

Filed Under: News Tagged With: Ducker Carlisle, I-CAR, Society of Collision Repair Specialists, Technician Satisfaction

Honda Introduces First Production Plug-in Hydrogen Fuel Cell Electric Vehicle in the U.S.

February 27, 2024 By CollisionWeek Editor

Honda today revealed America’s first production plug-in hydrogen fuel cell electric vehicle, the 2025 Honda CR-V e:FCEV. A compact CUV that received a 270-mile EPA driving range rating, CR-V e:FCEV combines an all-new U.S.-made fuel cell system along with plug-in charging capability designed to provide up to 29 miles of EV driving around town with […]

Filed Under: News Tagged With: Electric Vehicles, Fuel Cells, Honda

New-Vehicle Sales Projected to Increase in February

February 26, 2024 By CollisionWeek Editor

Cox Automotive forecasts sales up month-over-month and year-over-year. February new-vehicle sales, when announced next week, are expected to show gains over last year and improvement from January, which came in slower than expected. Cox Automotive projects February sales volume is expected to reach 1.22 million units, an increase of 6.3% over February 2023, when the […]

Filed Under: News Tagged With: Cox Automotive, New Vehicle Sales

Pennsylvania College of Technology Receives Nearly $1.5 Million NSF Grant to Aid Transportation and Collision Repair Workforce

February 26, 2024 By CollisionWeek Editor

Pennsylvania College of Technology announced it is the recipient of a nearly $1.5 million federal grant to support students majoring in a transportation-related field. The National Science Foundation awarded $1,498,465 (grant No. 2221107) as part of its S-STEM program, which funds scholarships for academically talented low-income students. Dubbed Transportation Scholars, the program will provide up […]

Filed Under: News Tagged With: Pennsylvania, Pennsylvania College of Technology, Scholarships, Workforce Development

NSC Estimates Traffic Crashes Took More Than 44,000 Lives in 2023

February 26, 2024 By CollisionWeek Editor

A preliminary analysis from the National Safety Council shows motor vehicle fatalities in the United States remain at a high level, as an estimated 44,450 people died in traffic crashes in 2023. While it marks a 4% decline from 2022, compared to pre-pandemic 2019, it’s a 13.6% uptick, further demonstrating the seriousness of this public […]

Filed Under: News Tagged With: National Safety Council, Traffic Fatalities

GM Launches Online Training for EV First Responders

February 26, 2024 By CollisionWeek Editor

General Motors announced the launch of free online training content at GMEVfirstrespondertraining.com. While specifically geared towards first responders, the information on the website is also valuable to the towing and collision repair industries. According to a bulletin released by GM the site includes several videos and other information about additional resources available to build continued awareness […]

Filed Under: News Tagged With: Electric Vehicles, General Motors, Online Training, Safety

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