Collision Repair: Page 71

Collision Repair

STRATTEC SECURITY CORPORATION Reports Fiscal 2025 First Quarter Financial Results

Generated cash from operations of $11.3 million Reduced pre-production costs, primarily customer tooling, by $6.9 million Grew revenue 2.7% year-over-year, reflecting ongoing pricing benefit and higher overall sales Achieved gross margin of 13.6% versus 13.8% in prior-year period (which included a 470 bps net benefit of one-time pricing) Rethinking product portfolio and identifying opportunities to […]

Training

Colourful Collab: 3M and Axalta to launch training content for automotive refinishing

Above: Patricia Morschel, vice president of marketing and commercial operations for Axalta global refinish; Troy Weaver, director of global refinish, Axalta; and Dave Gunderson, president, 3M Automotive Aftermarket division. Las Vegas, Nevada — 3M and Axalta have announced a collaboration to introduce a new training content series focused on automotive refinishing. The series will feature […]

Events

Marking Milestones: Tropicana Community Services celebrates auto body and collision repair pre-apprenticeship graduates

Toronto, Ontario — Tropicana Community Services recently celebrated the graduation of its 2023 and 2024 classes in the Auto Body and Collision Damage Repairer 310B Pre-Apprenticeship Program. Marking 14 years of the organization’s dedication to skills development in the Canadian collision repair industry, the ceremony highlighted the program’s role in addressing the skilled labour needs […]

Business

Tuesday Ticker: Magna lowers 2024 guidance; Ford to hit the ‘lower end’ of 2024 earnings forecast, automaker warns

Toronto, Ontario ⁠— In this weekly Tuesday Ticker, Magna reports better-than-expected Q3 financials⁠—yet still lowers its guidance amid global vehicle production slumps. Meanwhile, Ford warns investors that it will hit the ‘lower end’ of predicted earnings in 2024.  Production problems Shares of Magna International rose 7.8 percent following better-than-expected Q3 2024 results⁠—though the Ontario-based auto […]

Industry Conferences

Navigating New Norms: 2024 MSO Symposium emphasizes AI integration, risk management, data security and more

Las Vegas, Nevada ⁠— The 2024 MSO Symposium kicked off industry week in Las Vegas, Nevada, on Monday. The pivotal gathering held exclusively for multi-shop owners and operators in the collision repair industry, now in its 13th year, brought together industry leaders to share insights, discuss challenges and explore opportunities in a rapidly evolving market.  […]

Collision Repair

Restoration Realizations: Saskatchewan Polytechnic autobody students restore 1959 Impala

Saskatoon, Saskatchewan — In October, Scott Kucharyshen, program head for Saskatchewan Polytechnic’s autobody repair program, shared that a class of autobody students successfully restored a 1959 Impala. Collision Repair magazine reached out to Kucharyshen about the project who commented that “at Saskatchewan Polytechnic, each cohort of autobody certificate students undertakes a unique restoration project.” The […]

Welcomes of the Week: NOVUS Glass Hamilton Central announces grand opening under ownership of Jason Russell

Hamilton, Ontario — NOVUS Glass Hamilton Central has announced its grand opening under the leadership of Jason Russell, owner and operator of Russell Automotive Repair and Service Inc. Russell’s journey in the automotive world began in high school, where his auto shop classes ignited a fascination with classic cars. At the age of 16, he […]

Repair Regulations: Canadian Parliament passes Bill C-244 and C-294, in support of right to repair initiatives

Ottawa, Ontario — On Friday, Canada’s Parliament passed Bills C-244 and C-294, poised to become law immediately, both aiming to support consumers’ right to repair by allowing them to bypass digital locks and have technologies work together. Specifically, for Bill C-294, according to Parliament’s descriptions, “this enactment amends the Copyright Act to allow a person, […]

Regional Round-Ups: CARSTAR Eastern Ontario and Northern meetings showcase facilities in Arnprior and Collingwood

Toronto, Ontario — CARSTAR hosted two regional meetings last week, in Arnprior and Collingwood, Ont., which brought together CARSTAR owners, operations leaders and partners to share insights, review key performance indicators and look ahead at emerging trends in the collision repair industry. Each meeting featured a comprehensive agenda designed to address core aspects of CARSTAR’s operations […]

EV/AV Report: Electric vehicles meet record charging requirements; while Waymo reports logging one million kilometres per week

Toronto, Ontario — In this weekly electric and autonomous vehicle report, building developer Concord Pacific claims to be developing the largest electric vehicle parking facility in the world; while self-driving vehicle company Waymo reports its vehicles are now logging more than one million kilometres per week. Electric expansions Building developer Concord Pacific says a highrise […]

Can You Believe This?! Cybertruck², RV drifts gone wrong and much more

Toronto, Ontario — Hello again from your friend, Friday! Let’s rejoice to the weekend—which has an extra hour for some—with Collision Repair magazine’s Can You Believe This?! Enjoy!

School’s In Session: Hunter Engineering to exhibit new global training platform at this year’s SEMA show

Las Vegas, Nevada — Hunter Engineering is excited to introduce Hunter University to SEMA attendees in Las Vegas, Nevada from November 5 to 8. According to a recent press release, “Hunter University is a new global learning platform designed for easily accessible training for customers, technicians, technical school instructors, students and other interested parties.” The […]

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