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Axalta Coating Systems Increases Support of Penn College

May 8, 2025 By CollisionWeek Editor Leave a Comment

Axalta Coating Systems Ltd. (NYSE:AXTA) has expanded its support of Pennsylvania College of Technology in Williamsport, Pa. by committing to an annual $15,000 donation of paint and related supplies for the next five years. This represents an increase from the $7,500 that Axalta has provided annually since 2019 to support the college’s collision repair and […]

Filed Under: News Tagged With: Agreements Signed, Axalta Coating Systems, Career and Technical Education, Donations, Pennsylvania College of Technology

CCC Joins AI Governance Alliance to Advance Responsible AI Across the Property-Casualty Insurance Industry

May 8, 2025 By CollisionWeek Editor Leave a Comment

CCC Intelligent Solutions Inc. (NASDAQ: CCCS) announced today that it has joined the AI Governance Alliance (AIGA), a global multi-stakeholder initiative led by the World Economic Forum (WEF). The AIGA brings together more than 600 members from 500 organizations — uniting leaders from industry, academia, government and civil society to promote the responsible development and […]

Filed Under: News Tagged With: Artificial Intelligence, CCC

Refinish Distributors Alliance Holds Spring Impact Performance Conference in San Diego

May 8, 2025 By CollisionWeek Editor Leave a Comment

RDA hosted its Spring Member Impact Performance Conference from April 22–24 at the Wyndham Bayside in San Diego, Calif. The event brought together RDA members, manufacturer partners, and guests under the theme “Setting the Stage for New Revenue Streams.” Executive Director Ben Jacobson welcomed attendees to the conference, which featured discussions on opportunities with both […]

Filed Under: News Tagged With: Refinish Distributors Alliance

Axalta Reports First Quarter Sales of $1.26 Billion

May 7, 2025 By CollisionWeek Editor Leave a Comment

Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales decreased 3% year-over-year to $1.26 billion in the first quarter of 2025, inclusive of a 3% headwind from foreign currency translation. Contributions from the CoverFlexx acquisition and favorable price-mix were offset by volume declines primarily in Performance Coatings. Net income increased by 154% year over year to […]

Filed Under: News Tagged With: Axalta Coating Systems, Earnings

Ford Raising Sticker Prices on Vehicles Produced in Mexico

May 7, 2025 By CollisionWeek Editor Leave a Comment

Ford Motor Company plans to hikes prices on some Mexico-produced models, citing mid-year pricing actions and increased costs due to tariffs. According to a report today by Reuters, prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following U.S. President Donald Trump’s tariffs. […]

Filed Under: News Tagged With: Ford Motor Company, Tariffs

AASPMN Awards 23 Scholarships to Automotive and Collision Repair Students

May 7, 2025 By CollisionWeek Editor Leave a Comment

The Alliance of Automotive Service Providers of Minnesota (AASPMN) announced it has awarded twenty-three scholarships totaling $19,000 to help automotive service and collision repair students pay for tuition or tools during the 2025-26 school year. The scholarships are $500 or $1,000 each and are made possible by the generous donation from the Minnesota State I-CAR […]

Filed Under: News Tagged With: AASP-MN, Minnesota, Scholarships

GEICO Reports $11.5 Billion Premiums Written in First Quarter

May 6, 2025 By CollisionWeek Editor Leave a Comment

Written premiums up over 6%. Collision claims frequency down 6-9 percent in quarter compared to 2024. Berkshire Hathaway reported its 2024 earnings on May 3, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings climbed to $2.173 billion in the first quarter of 2025, up $245 […]

Filed Under: News Tagged With: Claim Frequency, Claim Severity, Earnings, GEICO, Net Written Premiums

CCC Reports Revenue of $251.6 Million in First Quarter

May 6, 2025 By CollisionWeek Editor Leave a Comment

CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) today reported total revenue was $251.6 million for the first quarter ended March 31, an increase of 11% from $227.2 million for the first quarter of 2024. “CCC delivered strong first quarter results, highlighted by 11% year-over-year revenue growth and adjusted EBITDA margin of 39% – both above […]

Filed Under: News Tagged With: CCC, Earnings

Meyer Distributing Canada Adds Location in Moncton, New Brunswick

May 6, 2025 By CollisionWeek Editor Leave a Comment

Meyer Distributing Canada, Inc. announced the addition of its Winnipeg, Manitoba, Canada crossdock. “Our Winnipeg expansion highlights our ongoing commitment to bringing Meyers best in class inventory right to the doorstep of our customers,” states Patrick Lavallée, Meyer Canada’s Sales Manager for Western Canada. “From traditional automotive accessories to specialty commercial and collision parts, Meyer […]

Filed Under: News Tagged With: Canada, Manitoba, Meyer Distributing, Openings

Caliber Launches 14th Annual Food Drive to Combat Food Insecurity

May 6, 2025 By CollisionWeek Editor Leave a Comment

Caliber, the automotive repair and service company, has launched its 14th annual Restoring You Food Drive, running from May 5 through June 20, 2025. The campaign will operate across all 1,800+ Caliber locations in 41 states, including Caliber Collision and Caliber Auto Glass centers. The 2024 campaign collected over five million meals and more than […]

Filed Under: News Tagged With: Caliber, Food Drive

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