Growing Vast: Vast-Auto Distribution announces three new locations
Montreal, Quebec – Vast-Auto Distribution has announced the addition of three new Parts City Auto Parts company-owned stores in Mount Pearl, St. Johns and Bay Roberts, Nfld. The company is a wholly owned subsidiary of O’Reilly Automotive Inc., and a leading auto parts supplier in the Canadian automotive aftermarket industry. Mauro Cifelli, president of Vast-Auto […]
Bosch Diagnostics launches ADS X 6.0 software update introducting new topology view, faster scan times, new features
Illinois, United States — Bosch says its ADS X series scan tool owners now have access to new software features, faster scan times, and expanded vehicle coverage through the new 6.0 software update. New software features include a Topology View and battery voltage indicator for improved diagnostic efficiency. “Our goal for each ADS X scan […]
Surplus Surges: Desjardins reports 152 percent increase in insurance surplus earnings for Q2 2024
Toronto, Ontario — Desjardins Group has released its Q2 2024 results, which report a 152 percent increase in its insurance operations when compared to Q2 2023. The combined surplus earnings from the wealth management, life and health insurance and property and casualty insurance segments totalled $531 million in Q2 2024, in comparison to the $211 […]
Rail Delays: Potential Canadian railway strike could impact auto parts shipments
Ottawa, Ontario — Canada’s two largest railways could initiate strike action as soon as this Thursday, potentially impacting shipments of automobiles, auto parts, chemicals, agricultural products and more. The Canadian Pacific Kansas City and Canadian National railroads handle about 40,000 carloads of freight every day. Both companies’ labour agreements expired at the end of 2023; […]
Tuesday Ticker: AutoCanada reports Q2 2024 financial results; Rivian pauses Amazon van production
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada announces its Q2 2024 results and says it’s performing a “strategic review” of its non-profitable and non-core operations, while Rivian stocks dip due to a production pause. About AutoCanada AutoCanada’s Q2 2024 total sales decreased 8.8 percent year-over-year, and the company is performing a “strategic review” […]
