CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) today announced total revenue was $211.7 million for the second quarter ended June 30, an increase of 10% from $192.8 million for the second quarter of 2022. GAAP gross profit was $152.6 million, representing a gross margin of 72%, for the second quarter of 2023, compared with $139.9 million, […]
Sherwin-Williams Holds Topping-Off Ceremony at New Global R&D Center
The Sherwin-Williams Company (NYSE:SHW) along with the project’s construction workers celebrated a ‘topping-off’ on July 26 with the placement of the final steel beam for the Company’s new Global Research and Development Center located in Brecksville, Ohio. This milestone marks the completion of the construction project’s structural work, a project that began with a groundbreaking […]
National Auto Body Council Award Nominations Open Through August 15
The National Auto Body Council is seeking nominations for its 2023 awards, the NABC Changing and Saving Lives Award and the NABC President’s Award, which formally recognize individuals and companies for their leadership of and commitment to improving the collision repair industry. The NABC Changing and Saving Lives Award recognizes the individual in the collision […]
LKQ Corporation Completes Uni-Select Acquisition
Uni-Select operates over 145 FinishMaster stores in the U.S. and serves Canadian auto and collision repair shops from more than 1,000 independent and 95 company operated stores. LKQ Corporation (NASDAQ:LKQ) and Uni-Select Inc. (TSE: UNS) today announced the completion of the previously-announced acquisition of Uni-Select by 9485-4692 Québec Inc., a wholly-owned subsidiary of LKQ. In […]
ProColor Collision Adds New Location in California
ProColor Collision franchise owner Tony Buryakov has opened a third ProColor Collision repair center to serve Sacramento area residents and businesses. ProColor Collision Shingle Springs, formerly 49ER Auto Body, located at 4213 Sunset Lane, Suite 102 in Shingle Springs, joins Buryakov’s ProColor Collision locations in southeast and northeast Sacramento. “Even with my more than 25 […]
Ford to Triple F-150 Lightning EV Production this Fall
Ford Motor Company (NYSE:F) announced today it has resumed production of the F-150 Lightning following a six-week shutdown to expand and retool the Rouge Electric Vehicle Center plant to triple manufacturing capacity of the electric truck. With the expansion, Ford will have ability to produce the F-150 Lightning at an annualized rate of 150,000 units […]
MSO Symposium October 30 in Las Vegas
The MSO Symposium announced the 12th annual event will take place at the Mirage Convention Center in Las Vegas, Nev. on Monday, October 30 during SEMA/AAPEX week. Early-bird registration for the event will open soon. This year’s event will begin at 9:00 a.m. with coffee, networking, and a sponsor showcase. Following is an informative program […]
ASE Vouchers Now Available for EV Testing
The National Institute for Automotive Service Excellence (ASE) has made vouchers available for EV certification testing. ASE announced the creation of Electric Vehicle Technician/Shop Personnel Electrical Safety Standards and a certification program in May. The purpose of the standards is to provide guidance, document and establish electrical safety requirements, standards, procedures and safe work practices […]
NHTSA Proposes Updated Fuel Economy Standards for MY2027 and Later Vehicles
Mirrors April EPA proposal that vehicle manufacturers criticized as unachievable in the proposed timeline. The U.S. Department of Transportation’s National Highway Traffic Safety Administration issued a proposal Friday, July 28 to update corporate average fuel economy (CAFÉ) standards for passenger cars and light trucks. A 60-day public comment period will begin after the proposal is […]
Crash Champions Acquires Collision Repair Center in Southern California
Crash Champions today announced that the company has finalized the acquisition of Autobahn Collision Center, a 13,000 sq. ft. collision repair center located at 11511 Ventura Boulevard in Studio City, California. The deal closed Friday, July 28 and the location will begin operating as part of the Crash Champions network effective immediately. “The Crash Champions […]
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