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Safelite Group Acquires Auto Glass Location in Santa Cruz, California

November 3, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, California, Safelite

Fix Network Expands in Saudia Arabia

November 3, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Fix Network World, Openings, Saudi Arabia

I-CAR Announces Recipients of Jeff Silver and Russ Verona Memorial Awards

November 3, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Awards, I-CAR, Jeff Silver Memorial Award, Russ Verona Memorial Award

AkzoNobel Create First Bio-Based Interior Coating for KIA Motors

November 3, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: AkzoNobel, Kia

Driven Brands Reports Revenue Up 12% in Third Quarter Compared to Last Year

November 2, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Driven Brands, Earnings

Axalta Reports Net Sales Up 5.7% in Third Quarter Compared to Last Year

November 2, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Axalta Coating Systems, Earnings

LKQ Partners with the International Rescue Committee

November 2, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Agreements Signed, International Rescue Committee, LKQ Corporation

Solera Launches Peri Payment Processing Solution

November 2, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Payment Processing, Solera

Ken Miller Elected President of AASP/NJ Board and Association Honors Members at Annual Meeting

November 2, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: AASP/NJ, Annual Meeting, Awards, Board of Directors, New Jersey, People

IRC Reports 14% of U.S. Drivers Were Uninsured in 2022

November 1, 2023 By CollisionWeek Editor

Rate of uninsured motorists above pre-pandemic level, but down slightly from 2021. About one in seven U.S. drivers (14.0 percent) operated a private-passenger vehicle without liability insurance in 2022, according to an estimate contained in a new report released today by the Insurance Research Council (IRC). The District of Columbia (25.2 percent), New Mexico (24.9 […]

Filed Under: News Tagged With: Insurance Research Council, Uninsured Motorists

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