Universal Technical Institute (NYSE: UTI) announced the expansion of its Welding Technology program to a seventh campus and significant cost savings from lease restructuring and rightsizing at its Sacramento campus. As part of the rightsizing, the Collision Repair and Refinish Technology program (CRRT) will be phased out at the Sacramento campus. All current CRRT students […]
Tom & Ed’s Autobody Acquires Four Collision Repair Centers in East Central Indiana
Combined business includes nine locations and 24-Hour towing division. Tom & Ed’s Autobody, a family owned business since 1983, announced it acquired Riley & Sons collision and mechanical repairs. Tom & Ed’s currently owns and operates locations in Northwest Indiana including Schererville, Merrillville, Crown Point, Burns Harbor, and Cedar Lake. This acquisition expands the business […]
NOVUS Glass Adds Location in Quebec City
NOVUS Glass announced the addition of NOVUS Glass Quebec/Armand-Paris to the network. The location, which is owned by the Tondreau Group, also offers body shop services in the same facility under the ProColor Collision brand. With the addition of NOVUS Glass, the group now offers onsite windshield repair and replacement services as well as throughout […]
AASP/NJ Meets with Legislators and Insurance Council on Claim Settlement Issues
On August 28, representatives from the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) joined Assemblyman Ronald S. Dancer (R-Burlington, Middlesex, Monmouth and Ocean), Assemblyman Jon M. Bramnick (R-Morris, Somerset and Union) and representatives from the Insurance Council of New Jersey for a special virtual meeting to discuss a host of issues between the […]
FinishMaster Announces Winners of HoodMaster Challenge
FinishMaster’s announced the winners of its inaugural Hood Master Challenge. The challenge started out as a “what if” dream with one simple goal – bring the focus back to the artistry within the industry. Nine partners agreed to sponsor the challenge, turning the dream into reality: 3M, AkzoNobel, Indasa, Axalta, Norton Saint-Gobain, Anest Iwata, SEM, […]
IBIS Global Summit to Be Live Streamed TV Event November 19
As 2020 marks the 20th anniversary of International Bodyshop Industry Symposium (IBIS), the year was to culminate in a spectacular celebration at the IBIS Global Summit in Monaco in November. Having now consulted with its industry partners and advisors, plus given current official coronavirus guidelines, it has been decided not to hold the event physically. […]
GoFundMe Account Established for Industry Veteran Toby Chess
A GoFundMe account has been established to assist collision repair industry veteran Toby Chess who is suffering from kidney disease. Chess, an active industry member for decades, is an I-CAR instructor and presenter at a variety of industry events, and longtime chair of the Collision Industry Conference (CIC) technical committee. Chess is 2003 inductee of […]
Honda and General Motors Establishing a Strategic Alliance in North America
General Motors and Honda today announced they have signed a non-binding memorandum of understanding following extensive preliminary discussions toward establishing a North American automotive alliance. The scope of the proposed alliance includes a range of vehicles to be sold under each company’s distinct brands, as well as cooperation in purchasing, research and development, and connected […]
IIHS Study Shows Automatic Emergency Braking Reduces Heavy Duty Truck Accidents
Equipping large trucks with forward collision warning and automatic emergency braking (AEB) systems could eliminate more than 2 out of 5 crashes in which a large truck rear-ends another vehicle, a new study from the Insurance Institute for Highway Safety suggests. IIHS Director of Statistical Services Eric Teoh examined data on crashes per vehicle mile […]
Copart Reports Fourth Quarter Revenue of $525 Million
Copart, Inc. (NASDAQ: CPRT) reported financial results for the quarter and year ended July 31 that its revenue, gross profit, and net income were $525.7 million, $250.4 million, and $165.5 million, respectively. These represent a decrease in revenue of $16.9 million, or 3.1%; an increase in gross profit of $7.8 million, or 3.2%; and an […]
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