Revenue up 42% compared to last year. System-wide revenue was $1.3 billion. Driven Brands Holdings Inc. (NASDAQ:DRVN) today reported revenue was $468.3 million, an increase of 42% versus the prior year for its first quarter ended March 26. For the first quarter, system-wide sales were $1.3 billion, an increase of 26% versus the prior year, […]
Crash Champions Acquires Collision Repair Center in Montana
Crash Champions, LLC announced today the addition of Collision Pro to its growing Montana footprint. Collision Pro has two locations in Helena, at 420 Dorothy Street and 700 River Rock Drive, and the acquisition gives Crash Champions eight collision repair centers across the Big Sky state. This transaction follows Crash Champions’ earlier acquisitions of American […]
Southeast Toyota Distributors and JAXPORT Announce $210 Million Agreement to Relocate and Expand Vehicle Processing Operations
The Jacksonville Port Authority (JAXPORT) Board of Directors unanimously approved a $210 million long-term lease and relocation agreement with Southeast Toyota Distributors (SET), the world’s largest independent distributor of Toyota vehicles. SET is a subsidiary of Deerfield Beach, Florida-based JM Family Enterprises. The company distributes vehicles, parts and accessories to 177 Toyota dealerships in Alabama, […]
Aviva UK Partners with Tractable to Bring AI to Auto Claims
Aviva, one of the largest insurers in the UK, has signed an agreement with Tractable to improve the accuracy and efficiency of UK motor claims by using artificial intelligence (AI). Tractable develops visual AI to aid in the repair of cars and homes by using photos to assess damage enabling the accurate calculation of repair […]
PPG Reports First Quarter Net Sales of $4.3 billion
Overall sales up 11% over 2021. Inflation drives raw material costs up 25% year-over-year. PPG (NYSE:PPG) reported April 21 that it had record first quarter net sales of $4.3 billion for the first quarter 2022. The result was 11% higher than the previous year. Sales were up due to higher selling prices (+10%), lower sales […]
U.S. EPA Announces $1.5 Million Penalty for Schnitzer Steel Over Release of Refrigerants from Auto A/C Systems and Appliances
The United States, on behalf of the U.S. Environmental Protection Agency, has reached a proposed settlement with Schnitzer Steel Inc. of Portland, Oregon, to resolve alleged violations of the Clean Air Act and regulations designed to protect stratospheric ozone at 40 scrap metal recycling facilities throughout the United States. Schnitzer operates Pick-n-Pull, the self-service used […]
Solera Survey Shows Surge in Trust and Adoption of AI-Driven Claims and Repairs
An overwhelming 92% of consumers call for digital claims solutions as providers double down on AI objectives. New global market research released today by Solera Holdings, LLC, the global provider in vehicle lifecycle management, reveals the increasing demand for digital-first automated claims, with trust in AI-driven claims and repairs soaring to 79% globally. The annual […]
I-CAR Creates Optional ADAS Collision Repair Technician Role
The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced the creation of a new, optional Advanced Driver-Assistance Systems (ADAS) career path for collision repair professionals. “This new optional ADAS technician role represents an incredible win for advancing the collision repair industry amid today’s `tsunami’ of highly complex vehicle repairs and is calibrated with I-CAR’s ADAS […]
Fred Iantorno Named VP of Strategic Solutions at AirPro Diagnostics
AirPro Diagnostics, the remote diagnostics, scanning, programming, and ADAS calibration solution provider announced the appointment of Fred Iantorno as Vice President of Strategic Solutions. In his position Iantorno will assist in technology integration opportunities, market awareness of the AirPro Auggie, the company’s ADAS calibration device as well as its suite of advanced brand specific services. […]
3M Acquires LeanTec to Support Collision Repair Inventory Management and Digital Solutions
Technology advances 3M ‘connected bodyshop’ vision and provides collision repair shop owners and managers more access to data for enhanced productivity. 3M (NYSE:MMM) today announced that it has acquired the technology assets of LeanTec, a provider of digital inventory management solutions for the automotive aftermarket segment in the United States and Canada. The acquisition will […]
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