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CIECA January 26 Webcast Examines Collision Repair Industry Preparation for Electric Vehicles

January 12, 2021 By CollisionWeek Editor

The Collision Industry Electronic Commerce Association (CIECA) announced that its next CIECAST webinar Preparing for the EV Revolution is scheduled for Tuesday, January 26 at 2 p.m. (EST). Registration for the event is available online. The one-hour live broadcast will feature three presenters from different segments of the collision industry who will explore the potential […]

Filed Under: News Tagged With: Collision Industry Electronic Commerce Association, Electric Vehicles, Webinars

WMABA Announces Partnership with CARS Cooperative

January 12, 2021 By CollisionWeek Editor

The Washington Metropolitan Auto Body Association (WMABA) and CARS Cooperative will offer members a program of cash rewards and discounts. The program, called Savings4Members, is a cooperative of more than 50 vendors offering direct members opportunities to get cash back or a discount on products they likely already use. “Our association is focused on bettering […]

Filed Under: News Tagged With: Agreements Signed, CARS Cooperative, Washington Metropolitan Auto Body Association

December U.S. Light Vehicles Sales Up Over 6% from Last Year

January 11, 2021 By CollisionWeek Editor

December 2020 Auto Sales

The overall annual year-on-year decline of 14.8% far better than expected 8 months ago. LMC Automotive predicts 15.7 million sales in 2021. LMC Automotive, the independent automotive global forecasting and market intelligence company, reports that sales in December were helped by three extra selling days. December Light Vehicle sales grew by 6.4% Year-on-Year (YoY), to […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

PPG Acquiring German Coatings Company Wörwag

January 11, 2021 By CollisionWeek Editor

PPG (NYSE:PPG) today announced an agreement to acquire Wörwag, a global manufacturer of coatings for industrial and automotive applications. The transaction is expected to close in the first half of 2021, subject to customary closing conditions. “Wörwag’s industry expertise in powder and liquid coatings for industrial and automotive applications is highly complementary to PPG’s business, […]

Filed Under: News Tagged With: Acquisitions, Germany, PPG Industries

Canada-Based Collision Repair Consolidator Lift Auto Group Receives Funding from PFM Capital

January 11, 2021 By CollisionWeek Editor

PFM Capital Inc. (PFM), on behalf of the APEX III Investment Fund Limited Partnership (APEX III) announced it has made a strategic investment in British Columbia-based Lift Auto Group to support the continuation of the collision repair facility consolidator’s expansion and acquisition strategy. In addition, the Canadian Business Growth Fund (CBGF), that invested in Lift […]

Filed Under: News Tagged With: British Columbia, Canada, CSN Collision Centres, Lift Auto Group, PFM Capital, Private Equity

SBA and Treasury Announce PPP Re-Opening

January 11, 2021 By CollisionWeek Editor

Applications for first PPP loan start today, second loan applications on January 13, The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced January 8 that the Paycheck Protection Program (PPP) will re-open this week for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial […]

Filed Under: News Tagged With: Coronavirus, Paycheck Protection Program, U.S. Small Business Administration, U.S. Treasury Department

Enterprise and Ranken Technical College Launch Automotive Collision Engineering Program

January 11, 2021 By CollisionWeek Editor

Enterprise Collision Engineering

Enterprise Holdings today announced the launch of the Automotive Collision Engineering Pilot Program, a collaboration of the Enterprise Rent-A-Car Foundation and Ranken Technical College. Designed to attract and develop entry-level talent to fill essential roles within the collision repair industry, and enhance retention and advancement among collision repair technicians, the program is piloting at four […]

Filed Under: News Tagged With: Apprentice Program, Enterprise Holdings, Ranken Technical College

NJM Insurance Launches in Ohio

January 8, 2021 By CollisionWeek Editor

NJM Insurance Group announced it is making its full line of personal lines insurance products available to Ohio residents. “NJM was founded over a century ago with one mission, to operate in the exclusive interests of its policyholders,” said Mitch Livingston, NJM president and CEO. NJM is one of the largest auto and homeowners insurers […]

Filed Under: News Tagged With: NJM Insurance Company, Ohio, Openings

Driven Brands Launches Initial Public Offering

January 8, 2021 By CollisionWeek Editor

Driven Brands Holdings Inc. announced that it has launched the roadshow for its proposed initial public offering that CollisionWeek reported earlier this week. The company is offering 38,000,000 shares of its common stock. The initial public offering price is expected to be between $17.00 and $20.00 per share and could raise of $700 million. Roark […]

Filed Under: News Tagged With: Driven Brands, IPOs

Collision Repair Education Foundation Announces Six New Board Members

January 8, 2021 By CollisionWeek Editor

The Collision Repair Education Foundation (CREF) announced the appointment of six new members to its Board of Trustees. The six Board of Trustees members who joined in 2020 include: Tom Brown, 3M Paul Folino, LKQ Corporation Brenda Hogen, PartsTrader Ken Hudson, Farmers Insurance Scott Kohl, Liberty Mutual Insurance Sandee Lindorfer, Allstate Insurance Company Tom Wolf, […]

Filed Under: News Tagged With: 3M, Allstate Insurance, Board of Trustees, Collision Repair Education Foundation, Farmers Insurance, Liberty Mutual Insurance, LKQ Corporation, PartsTrader, People

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