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LKQ Reports Revenue of $3.6 Billion for Third Quarter 2023

October 26, 2023 By CollisionWeek Editor

LKQ Corporation (NASDAQ:LKQ) today reported revenue for the third quarter of 2023 was $3.6 billion, an increase of 15.0% compared to $3.1 billion for the third quarter of 2022. Parts and services organic revenue increased 3.0% during the quarter and 4.3% on a per day basis. Foreign exchange rates increased revenue by 3.6% and the […]

Filed Under: News Tagged With: Earnings, LKQ Corporation

UAW Reaches Tentative Agreement with Ford Motor Company

October 26, 2023 By CollisionWeek Editor

The UAW has announced a tentative agreement with Ford Motor Company after 41 days on strike. The strike continues at Stellantis and GM. In a video address by UAW President Shawn Fain and UAW Vice President Chuck Browning, the union leaders gave some details of the agreement, while outlining next steps in the ratification process. […]

Filed Under: News Tagged With: Ford Motor Company, Strike, United Auto Workers

Phillip Gallimore Named Director of Franchising at ProColor Collision U.S.

October 26, 2023 By CollisionWeek Editor

ProColor Collision announced the addition of Phillip Gallimore as director of Franchising. Reporting to Scott Bridges, senior vice president USA Fix Network, Gallimore oversees the ProColor Collision Business Development and Franchise Support teams. Together, these teams create opportunities for prospective ProColor Collision franchisees to join the network and receive ongoing training, branding and operational excellence […]

Filed Under: News Tagged With: People, ProColor Collision

Troy Mason Named Senior Vice President at Caliber Auto Glass

October 25, 2023 By CollisionWeek Editor

Former TechnaGlass executive to lead auto glass operations and expansion. The Caliber family of brands, including Caliber Collision, Caliber Auto Glass and Caliber Auto Care, welcomed Troy Mason as the new SVP for Caliber Auto Glass. In this role, Mason will oversee all brand operations, including business expansion, go-to-market strategies and customer experience. Caliber Auto […]

Filed Under: News Tagged With: Auto Glass, Caliber, People, TechnaGlass

LKQ Completes Divestiture of GSF Car Parts to Epiris

October 25, 2023 By CollisionWeek Editor

LKQ Corporation (NASDAQ:LKQ) today announced that it has sold GSF Car Parts to Epiris Fund III, a private equity fund based in the United Kingdom. The divestiture fulfills LKQ’s undertaking to the UK’s Competition and Markets Authority to sell the GSF business in connection with LKQ’s acquisition of Uni-Select Inc. that was completed August 1. […]

Filed Under: News Tagged With: Acquisitions, DC Advisory, Epiris, GSF Car Parts, LKQ Corporation, United Kingdom

CAWA and TechForce Foundation Partner to Grow Technician Workforce

October 25, 2023 By CollisionWeek Editor

CAWA and TechForce Foundation have formed a new strategic alliance to address the growth and support of America’s skilled technician workforce. The two not-for-profit organizations will collaborate and share resources to promote the technician profession with young people, connect industry volunteers with future techs and tech school programs, and spotlight the importance of respecting techs […]

Filed Under: News Tagged With: Agreements Signed, CAWA, TechForce Foundation, Workforce Development

Southeast Collision Conference Scheduled for May 16-18 in North Carolina

October 25, 2023 By CollisionWeek Editor

The Carolinas Collision Association (CCA) and the Washington Metropolitan Auto Body Association (WMABA) announced the 3rd annual Southeast Collision Conference (SCC) on May 16-18, 2024 at the Greensboro Coliseum Complex in Greensboro, N.C. As with last year, SCC will have national-level contributors taking part in the events. The Conference is intended to move annually between […]

Filed Under: News Tagged With: Carolinas Collision Association, Southeast Collision Conference, Washington Metropolitan Auto Body Association

Opus IVS Launches ADAS Map

October 25, 2023 By CollisionWeek Editor

Opus IVS announced the introduction of ADAS Map, a comprehensive software platform designed to identify Advanced Driver Assistance Systems (ADAS) systems, their components, precise component locations, necessary calibrations, and the underlying reasons for these calibrations. This state-of-the-art technology automatically reviews CCC or Mitchell estimates and provides a detailed presentation of a specific vehicle’s ADAS requirements. […]

Filed Under: News Tagged With: Advanced Driver Assistance Systems, CCC, Mitchell International, Opus IVS, Recalibration

Michael Sieger Joins Crash Champions Board of Directors

October 24, 2023 By CollisionWeek Editor

Former Progressive claims president to support national collision repair facility operator’s strategic growth. Crash Champions, LLC announced today the appointment of Michael Sieger to its Board of Directors. Sieger joins Crash Champions following a three-decade career at The Progressive Corporation (NYSE: PGR) where he most recently served as Claims President from 2015 until his retirement […]

Filed Under: News Tagged With: Board of Directors, Crash Champions, People, Progressive Insurance

Classic Collision Opens New Repair Center in Texas

October 24, 2023 By CollisionWeek Editor

Classic Collision, LLC announced the opening of a new, 30,000 sq. ft. collision repair opening in Magnolia, Texas. Classic Collision 1488 South is conveniently located in Magnolia’s “New Mag” district. “We are pleased to have found this space to serve the growing Magnolia Community as our newest Classic Collision repair center. We recognize the need […]

Filed Under: News Tagged With: Classic Collision, Openings, Texas

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