CollisionRight, a leading consolidator of collision repair shops, has been sold by CenterOak Partners to Summit Partners, according to Tuesday press releases. Since its founding in 2022, CollisionRight has acquired 89 collision repair shops throughout [...]
Progressive netted $1.9 billion in Q4 2023, a 141% increase from the $826.4 million the company netted in Q4 2022, according to the company’s December earnings release. The company’s net income for 2023 is $3.9 [...]
The coming weeks are the last push to meet the fundraising goal for a SkillsUSA automotive refinishing student who will represent the U.S. team in car painting at this year’s WorldSkills Competition. Lily Williams, of [...]
Autel and MOTOR Information Systems have partnered to provide “improved streamlined access” to OEM repair information using MOTOR’s TruSpeed Repair, according to a joint news release. MOTOR TruSpeed Repair will be available for integration into [...]
Attacks on cargo ships in the Red Sea and drought in Central America have disrupted shipping through two significant canals. The collision repair industry will likely see an impact on parts delivery and costs for [...]
Hyundai Motor Co. and Kia Corp. have unveiled an “Active Air Skirt (AAS)” technology that they say minimizes the aerodynamic resistance generated during electric vehicle (EV) high-speed driving, effectively improving driving range and driving stability. [...]
GM and Honda have announced the start of production at their 50/50 joint venture production facility, Fuel Cell System Manufacturing (FCSM) — the first large-scale manufacturing joint venture to build commercialized hydrogen fuel cells. Honda [...]
A possible new threat to the supply chain, stagnant interest rates through at least the summer, and increasing complexity in repairs are a few trends the collision industry needs to pay attention to in 2024, [...]
A webinar hosted by the ASE Education Foundation on Wednesday highlighted several national scholarship opportunities available to not only students, but also employers, schools, instructors, and employers in the automotive, collision, and diesel repair fields. [...]
While half of the collision industry’s merger and acquisition (M&A) deal volume was completed in 2023 by the “Big Five” consolidators, private equity-backed “Accelerators” aren’t far behind, according to Focus Advisors. Senior Associate Raul Salinas [...]
