Collision Repair: Page 70

Collision Repair

Faraday Future Reports Financial Results for Third Quarter 2024

Strategic FX Second Brand Launch, Completion of Strategic Realignment, and Significant Middle East Expansion Mark Transformative Quarter. Successfully Secured and Closed on $30 Million Financing. Regained Full Nasdaq Compliance. FX Brand Launch Targets Mass Market with Models Targeted in $20,000-$50,000 Range with Potential Roll Off the Assembly Line by the End of 2025, Subject to […]

Collision Repair

Cummins Celebrates Reopening Its Worldwide Technical Center Hub Office Tower in Columbus, Indiana

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) celebrated the reopening today of its worldwide technical center hub office tower in Columbus, Indiana. The office tower at the Cummins Technical Center (CTC) on McKinley Avenue had been under renovation since 2021. After having been mainly untouched, except for minor cosmetic improvements and flood restoration, since its original […]

Collision Repair

EnerSys Reports Second Quarter Fiscal 2025 Results

Delivers Gross Margin of 28.5%, up 190 Basis Points From Prior Year Second Quarter Fiscal 2025 Highlights (All comparisons against the second quarter of fiscal year 2024 unless otherwise noted) Delivered net sales of $884M, down 2%, with strength in Motive Power offset by continued pressure in Communications and Class 8 Transportation Energy Systems improving […]

Collision Repair

Subscription Scores: Autel offers free year of MOTOR TruSpeed repair data on Ultra Series tablets purchased between Nov. 1 and Dec. 31, 2024

Toronto, Ontario — Autel has announced that it is currently offering a year’s free subscription to MOTOR TruSpeed repair data on Ultra Series tablets purchased November 1 until midnight December 31, 2024. The year’s free subscription specifically represents a $650 value. Additionally, according to a recent press release, Ultra Series tablets purchased between June 1 […]

Collision Repair

Another One: Toronto Police recover more than 300 stolen vehicles and arrest 59 suspects in ‘Project Thoroughbred’

Toronto, Ontario — Last week, Toronto police announced that 59 suspects are facing charges in response to an auto theft and re-vinning probe that included more than 300 stolen vehicles. As noted by CP24, the results of the investigation, dubbed “Project Thoroughbred,” were announced at a news conference in Toronto, led by city police. Additionally, […]

Collision Repair

Sustainable Solutions: 3M and BASF Coatings announce collaboration to deliver co-developed SOPs and training content to collision refinish industry

Las Vegas, Nevada — 3M and BASF’s Coatings division today announced a collaboration to co-develop and deliver new standard operating procedures (SOPs) and training content to the collision repair industry. The new SOPs will be tailored to help body shops achieve greater sustainability and productivity within the automotive refinish process. The SOPs and training content are […]

Global Reach: Steve Fletcher hosts Global Best Practices panel at ARA Convention and Expo

Reno, Nevada — Steve Fletcher, managing director of the Automotive Recyclers of Canada (ARC) had the opportunity to host a Global Best Practices panel discussion at the recent Automotive Recyclers Association (ARA) Convention and Expo. The panel featured speakers from around the world, including Martijn Traas from Van der Ven Automotive Recycling in the Netherlands; […]

Forum for the Future: LKQ Industry Client Forum sparks insight among aftermarket professionals

Las Vegas, Nevada — LKQ held the 2024 LKQ Industry Client Forum at the Encore Las Vegas on Tuesday evening, drawing key figures from the collision repair and aftermarket sectors for an exclusive opportunity to reconnect and engage in meaningful industry discussions. John Meyne, president of LKQ North America, and Mark Scafati, vice president of […]

News from the New Product Showcase: SEMA announces Best New Products Award winners

Revv

Las Vegas, Nevada — The Specialty Equipment Market Association (SEMA) announced its Best New Products Award winners this morning during the 2024 SEMA Show. The awards are given to the most innovative and cutting-edge automotive aftermarket products that will be consumable in 2025. More than 1,600 products were entered into the 18 different Showcase categories […]

Seen at SEMA: AkzoNobel unveils Ridler award-winning Dave Kindig build on Day 1 of SEMA Show; New product award winners announced and much more

Revv

Las Vegas, Nevada ⁠— The 2024 SEMA Show officially opened on Tuesday, setting the stage for more than 2,400 exhibiting brands to interact with members of the automotive aftermarket on one of the industry’s grandest show floors.  Collision Repair’s first visit of the day: a special vehicle unveiling at AkzoNobel’s Central Hall booth. The coatings […]

Rust Valley Rendezvous: Meet Mike Hall and Cassidy McEown at SATA’s SEMA Booth #31017

Las Vegas, Nevada — Attention, SEMA attendees! Stop by the SATA booth #31017 in the South Hall Upper at the SEMA Show for an exciting opportunity to meet two stars of Rust Valley Restorers! At 3 p.m. PT on both Nov. 6 and Nov. 7, Mike Hall and Cassidy McEown, two stars from the HISTORY Channel’s […]

Kimball Electronics Reports Q1 Results and Confirms Guidance for Fiscal Year 2025, Company Continues to Sharpen Its Strategic Focus With Closure of Its Manufacturing Facility in Tampa, FL

First Quarter Fiscal 2025 Highlights Net sales totaled $374.3 million Operating income of $9.1 million, or 2.4% of net sales, adjusted operating income of 3.4% Cash generated by operating activities of $45.5 million, borrowings on credit facilities reduced to 2-year low Company continues to sharpen its strategic focus by completing the divestiture of the Automation, […]

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