First-Place Franchise: CARSTAR ranked no. 1 in collision repair franchises by Entrepreneur magazine Franchise 500
Charlotte, North Carolina – CARSTAR has been ranked number one in its category among top franchises in Entrepreneur magazine’s 2022 Franchise 500 list. “It’s an honour to again be recognized among the top franchise companies in the world,” said Dean Fisher, collision group president for Driven Brands. “Through 2021 we focused on supporting our franchise […]
Tuesday Ticker: January 18, 2022
Toronto, Ontario — This week’s Tuesday Ticker is all about automakers as rumours swirl around a potential Volkswagen battery division IPO; Ford crosses US$100 billion valuation for the first time ever and Toyota kicks General Motors out as 2021’s top-selling automaker in the United States. Volkswagen’s vibe Volkswagen could soon list its battery division in […]
Big Fish: Israeli scientist teach goldfish to drive
Beersheba, Israel — The old adage, “like a fish out of water,” could soon adopt a new meaning, thanks to Israeli scientists that claim they taught a goldfish to drive. Scientists from Israel’s Ben-Gurion University say they have successfully taught a goldfish to maneuver a robotic car on land via a top-down camera that monitors […]
Welcomes of the Week: ProColor Collision South Central Edmonton
Edmonton, Ontario — For more than 60 years, the Wheaton family has built a solid reputation as a trusted name in Alberta’s automotive business, with 17 dealerships and counting. Recently, the family consolidated its presence in the region’s aftermarket industry by opening its second ProColor Collision location in less than two months. The Wheaton Automotive […]
Farewell Frank: Linamar founder Frank Hasenfratz dead at 86
Guelph, Ontario — Frank Hasenfratz, founder of Guelph, Ontario-based auto parts manufacturer Linamar, has died at the age of 86 years old. Hasenfratz, a survivor of the Hungarian Revolution, was surrounded by family as he finished his battle with cancer on Saturday. Using his skills as a toolmaker and machinist, Hasenfratz managed to start a […]
Tuesday Ticker: January 11, 2022
Toronto, Ontario — In this week’s Tuesday Ticker, Magna International announces a brand new EV centre, Volkswagen of America CEO complains that the automaker’s total-units-sold could be higher and General Motors partners with Qualcomm for a revamped Ultra Cruise. Electric energy at Magna HQ Magna International announced last week it plans to develop a new […]
Done Deal: Boyd Group Services completes CEO succession plan
Winnipeg, Manitoba — On Jan. 4, Boyd Group Services announced it had completed its CEO Succession Plan that was first announced in August 2019. Effective Jan. 2, 2020, former Boyd Group president and CEO Brock Bulbuck moved into an executive chair role, with Tim O’Day succeeding Bulbuck as president and CEO. Bulbuck remained in the […]
Go for Glass: Driven Brands expands auto glass offering into U.S. with Auto Glass Now acquisition
Charlotte, North Carolina — Driven Brands announced the expansion of its auto glass offering into the United States Tuesday with its acquisition of Auto Glass Now (AGN). The company acquired AGN for approximately US$170 million on Dec. 30, 2021. The acquisition makes Driven Brands one of largest auto glass service providers in North America, said […]
Welcomes of the Week: Lordco opens fourth Alberta store
Edmonton, Alberta — Lordco Auto Parts has opened its fourth Alberta store, located at 4122 Calgary Trail. The store held a grand opening event for the Southwest location in early December, adding to Lordco’s presence in the province with the existing Northeast Calgary, Northeast Edmonton and Southwest Edmonton locations. The company was also recently recognized […]
Tuesday Ticker: December 28, 2021
Toronto, Ontario — As we close out 2021, this week’s Tuesday Ticker is all about the top six automotive industry stocks to turn your eyes to—or avoid at all costs—in 2022. Check out Collision Repair’s list of stocks to watch below! Tesla Seems like a duh, right? Tesla has reached all-time heights in 2021, […]
