The Automotive Industries Association of Canada (AIA Canada) announced an exclusive recruitment and human resources services partnership with Auto-jobs.ca, that will increase visibility of job opportunities within Canada’s auto care sector. This partnership aims to encourage collaboration and streamline the hiring process, ultimately increasing the accessibility to reaching qualified automotive candidates to fill open positions […]
UK’s National Body Repair Association Supports Call for In-Vehicle Data Access Legislation
As a member of the Association Internationale des Réparateurs en Carrosserie (AIRC) the UK’s National Body Repair Association (NBRA) announced it supports the call for legislation to enable access to in-vehicle data that was made by 10 automotive supplier, service and repair associations in Europe. The AIRC was a signatory of the letter. “The letter, […]
Focus Advisors Releases 2023 Collision Repair Consolidation Year in Review
Report details acquisition and private equity activity across the U.S. Focus Advisors, the mergers and acquisition advisory firm, released its review of 2023 collision repair acquisition activity. The report is provided below: Growth Never Rests – 2023 Year in Review By Raul Salinas, Senior Associate, Focus Advisors Consolidators, Accelerators and Independent MSOs remain undaunted in […]
Sherwin-Williams Reports Net Sales Up 4.1% in 2023 to Record $23.05 Billion
The Sherwin-Williams Company (NYSE: SHW) announced consolidated net sales increased 4.1% for 2023 to a record $23.05 billion from $22.15 billion in 2022. Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) increased 17.5% in the year to $4.24 billion or 18.4% of net sales. “Sherwin-Williams delivered solid fourth quarter results, with positive sales […]
ASA, OEMs, and SCRS Offer to Serve as Resource to Congress, Constituents on Locating Vehicle Diagnostic and Repair Data
The Automotive Service Association (ASA), the Alliance for Automotive Innovation (Alliance), and the Society of Collision Repair Specialists (SCRS) sent a joint letter to Congress yesterday offering to assist constituents who are encountering difficulties locating vehicle diagnostic and repair data. “We recognize that technological innovation across the auto industry can sometimes be a source of […]
Stellantis Acquires Artificial Intelligence Technologies to Advance Vehicle Features
New technology can be used to enhance predictive maintenance and diagnostics to proactively identify and schedule maintenance needs and provide alerts. Stellantis N.V. announced the acquisition of the artificial intelligence framework, machine learning models and intellectual property rights and patents of CloudMade, a developer of smart and innovative big data-driven automotive solutions. The acquisition – […]
Progressive Personal Auto Policies in Force Up Over 9% in December Compared to 2022
Total personal auto policies in force were also up month-over-month. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,525,900 in December, up 84,000 or 0.4% from 19,441,900 in November. December’s policies in force represent an increase of over 1.6 million or 9.1% from 17,897,300 in December 2022. While up […]
Hawaii Bill Would Lower Thresholds for Mandatory Overtime Pay
According to the Automotive Service Association (ASA), a bill introduced in Hawaii’s legislature on January 19 would lower the working hours thresholds for an employee to be legally entitled to overtime compensation. If passed, Senate Bill (SB) 2610 – which was introduced by State Senator Henry Aquino (D) – would mandate: At least 1.5x pay […]
IBIS USA Announces Dave Smith Stage Partnership for March 19-21 Event in California
IBIS Worldwide announced Dave Smith is joining the on-stage delivery team for IBIS USA 2024, one of its flagship events in the collision repair industry. Smith brings a wealth of expertise to lead discussions at this highly anticipated event. Dave Smith graduated from Cal State Long Beach with a bachelor’s degree in finance in 1989 […]
Brian Blouin Appointed to Executive Committee of MEMA Aftermarket Suppliers Supply Chain & Operations Forum
The MEMA Aftermarket Suppliers Supply Chain & Operations Forum announced the appointment of Brian Blouin, Group Leader – Supply Chain Management at Schaeffler Group USA, Inc., as its newest Executive Committee member. In his role, Blouin will serve as a representative of the general membership of the council, actively contributing to the development of solutions […]
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