Driven Brands Holdings Inc. (NASDAQ: DRVN) announced that it has closed an offering by its subsidiaries for $275 million of Series 2024-1 Fixed Rate Senior Secured Notes, Class A-2 (A-2 Notes) maturing October 2054 and with an anticipated repayment date in October 2031. The proceeds from the issuance will be used to refinance the Company’s […]
Law in California to Expand Inspection of Vehicle Safety Components Takes Effect on Rebuilt Salvage Vehicles
New law also allows BAR to collect additional information from repair facilities on training and certifications. California motorists are now further protected from unsafe vehicles with the implementation of AB 471 (Low, Chapter 372, Statutes of 2021), a measure that expands the inspection of vehicle safety components and systems. The new law took effect July […]
CCC Launches Intelligent Reinspection to Help Auto Insurers Review Collision Repair Estimates
AI-powered solution streamlines estimate reviews. CCC Intelligent Solutions Inc. (NASDAQ: CCCS) announced the launch of CCC Intelligent Reinspection, a new solution designed to help auto insurers streamline the review of incoming collision repair facility estimates, expediting repairer workflows and claims resolutions. Leveraging AI technology, CCC Intelligent Reinspection identifies areas for review, and provides reason codes […]
Crash Champions Acquires Collision Repair Center in Washington State
Crash Champions announced the company’s expansion in Washington State with the acquisition of Juanita Collision Center, located at 13511 100th Ave. N.E., in Kirkland, Wash. The deal was finalized on Friday, July 26, with operations transferring to Crash Champions effective immediately. Crash Champions now operates a network of 32 locations across Washington state, complementing its […]
Joe Hudson’s Collision Center Acquires Collision Repair Centers in Mississippi, Virginia and Texas
Joe Hudson’s Collision Center announced the acquisition of three new collision repair centers to its network. The latest acquisitions include: Goad’s Body Shop in Lexington, Va.; Terex Auto Body in Austin, Texas; and Burchfield’s Body Shop in Columbus, Miss. Brant Wilson, CEO of Joe Hudson’s Collision Center, stated, “We are excited to enter the vibrant […]
Marie Grant Appointed Maryland Insurance Administration Commissioner
Maryland Governor Wes Moore announced the appointment of Marie Grant as Maryland Insurance Administration Commissioner. Grant will succeed interim commissioner Joy Hatchette as acting commissioner on October 1, pending confirmation by the Senate Executive Nominations Committee during the 2025 legislative session. “Marie has been an outstanding leader during her time at the Department of Health […]
Vehicle Manufacturers Making Contingency ICE Production Plans as EV Sales Miss Projections
OEMs are increasingly optimistic about health of U.S. auto retail industry. Automotive OEMs are generally optimistic about the health of the automotive industry over the next 12 months, with the vast majority expecting new vehicle sales to increase or remain the same versus 2023, according to the just-released 2024 Kerrigan OEM Survey. The 2024 results […]
ASE Education Foundation Congratulates SkillsUSA Medalists from ASE-Accredited Schools
Students from ASE-accredited programs were among the champions at the recent SkillsUSA competition held last month in Atlanta, Ga. “It’s truly gratifying to see how well students from ASE-accredited automotive, collision and truck/diesel programs performed in the recent SkillsUSA competition,” said Mike Coley, president of the ASE Education Foundation. “These students have acquired skills essential […]
PPG Extends Partnerships with Indianapolis Motor Speedway, INDYCAR, Team Penske
PPG (NYSE: PPG) announced that it has extended its partnerships with the Indianapolis Motor Speedway (IMS), INDYCAR and Team Penske through 2029. The agreement also makes PPG the entitlement sponsor of the Brickyard 400 NASCAR CUP series race, which takes place at the IMS. “We are excited to build upon our extensive history with Team […]
Less than Two Months to AASP/NJ’s Annual Golf Outing on September 17
With less than two months to go, excitement for the Alliance of Automotive Service Providers of New Jersey’s (AASP/NJ) 17th Annual Lou Scoras Memorial Golf Outing is soaring as golfers are making their plans to enjoy a day on the green Tuesday, September 17! AASP/NJ enjoyed a successful return of this long-standing tradition in 2023 […]
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