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 […]
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. […]
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! The post Can You Believe This?! Cybertruck², RV drifts gone wrong and much more appeared first on Collision Repair Magazine.
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 […]
A Tractable Team-Up: Kirmac Collision and Autoglass partners with Tractable to digitally connect with customers
Vancouver, British Columbia — Kirmac Collision and Autoglass has announced that it is using Tractable’s artificial intelligence (AI) to streamline the vehicle repair process and digitally engage customers. Along with its sister brand, Reborn Autobody, Kirmac Collision has been using Tractable for the last nine months to digitally engage customers by providing self-service visual damage […]