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Business: Page 39
Third Quarter Gains: Driven Brands reports Q3 earnings, revenues up 39 percent YOY
Toronto, Ontario — Driven Brands reported its third-quarter earnings for 2022 yesterday, where the company reported a 39 percent increase in its revenue (year over year) to US$516.6 million. The paint, collision and glass segment accounted for approximately 22 percent of company revenue of $113.3 million. Driven Brands reported a net income of US$38.4 million, […]
Tuesday Ticker: Tesla cuts prices, sees shares decline; Uni-Select preps for Q3 results call
Toronto, Ontario — In this weekly Tuesday Ticker economics report, Tesla cuts prices in China and sees its stocks suffer; Uni-Select marks a date for its Q3 2022 results call and an Aviva rep comments on the inflation-auto physical damage connection. Tesla takes a tumble Tesla stock was down nearly 50 percent year-to-date on Monday […]
At the Peak: Simplicity Car Care recognizes top performing franchisees at first annual awards
Toronto, Ontario — To celebrate another year of growth, Simplicity Car Care hosted its first annual awards ceremony to honour its top performers across the country. To Simplicity, it’s about more than sales; the company takes time to honour owners and staff—known as Simplifiers—for leadership, customer satisfaction, and their impact on the community. The award […]
Conquering Together: Consolidated Collision Services serves educational sessions, honours top performers at National Network Meeting
Niagara Falls, Ontario — Consolidated Collision Services (CCS) held its National Network Meeting on October 19, where more than 80 members partook in a full day of thoughtful presentations, discussion and general merriment. The event was in collaboration with the Automotive Conference and Expo, or ACE held next door at the Niagara Fallsview Casino. The […]
Strategic Planning: AkzoNobel adjusts prices to counter shipping crisis, sees 19 percent revenue increase
Amsterdam, Netherlands — AkzoNobel has released its Q3 2022 financial results, reporting strong revenue gains thanks to price hikes outpacing expected losses from lower volume, higher material costs and global inflation. Specifically, the company has increased its revenue by 19 percent by increasing prices by 13 percent, justified as a way to offset increases in […]
Can You Believe This?! October 21, 2022
Toronto, Ontario — Another week has come and gone–now it’s time for Collision Repair’s Can You Believe This?! clip! Featuring SUV-submarine hybrids, drivers that’ll remind you of your old hall monitor, trampoline transporters and much, much more!
Service Record: U.S. army veteran opens 1,000th repair facility under Driven Brands banner in Little Rock, Ark.
Toronto, Ontario — An auto body shop in Little Rock, Ark. just helped Driven Brands reach a major milestone, as the opening of CARSTAR Patriot Auto Body Little Rock marks the thousandth collision centre under the belt of the global auto repair group. The new facility will be headed up by a figure that Driven […]
Pearl Anniversary: Fix Auto celebrates 30 years in operation
Toronto, Ontario — When most people turn 30, they develop an affinity for frisbee golf and IPAs. When Fix Auto turns 30, a global team of auto industry innovators look back on three decades of expansion and progression for the collision repair world. “Our 30th anniversary is a celebration of the many individuals, organizations and […]
Friends in the Falls: ACE, CCS National Network meeting kicks off in Niagara Falls, Ont.
Niagara Falls, Ontario — The annual Automotive Conference and Expo (ACE) kicks off today at the Fallsview Resort in Niagara Falls. Held in conjunction with the Consolidated Collision Services (CCS) National Network meeting, ACE sessions will kick off at 8:30 a.m. on Wednesday, with an introduction from event host, radio and TV personality John Schols, followed […]
Tuesday Ticker: Nikola’s former CEO charged; Tesla could save big bucks by eliminating ultrasonic sensors
Toronto, Ontario — It’s electric in this weekly Tuesday Ticker as Nikola Corp.’s founder and former CEO is charged with fraud; Rivian recalls a slew of freshly-delivered vehicles and an analyst makes estimates on Tesla’s upcoming cash savings. Milton gets charged Trevor Milton, founder of electric truckmaker Nikola Corp., has been found guilty of fraud […]
Lambert in the Lead: Élisabeth Lambert named chair of AIA Canada Quebec division
Joliette, Quebec — Élisabeth Lambert, general manager of Pièces d’Auto Joliette, has been appointed as chair of the Automotive Industries Association of Canada’s Quebec division committee. Lambert has served as the committee’s vice president since 2019 and will now head up the role of chair for the province of Quebec, as the first female AIA […]
Leading-Edge Learning: CWB Group and Volkswagen Group Canada to open first OEM Collision Repair Training Centre in Canada
Milton, Ontario — The CWB Group has announced an exciting new collaboration alongside Volkswagen Group Canada–a dedicated OEM collision repair training centre to serve Audi and Volkswagen brands. The first-of-its-kind facility will be located at the CWB Group facility in Milton, Ontario. It will showcase an OEM training environment utilizing the latest equipment and developing […]
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