Repairer Rodeo: Simplicity Car Care hosts annual Stampede party
Calgary, Alberta — Simplicity Car Care once again hosted the car care industry at their annual Stampede party last month. “The best part is that we had people from as far away as Texas, people from every province in Canada, and partners and friends from every part of the industry,” said Greg Wing, director of […]
Eyes to Canada: Wawanesa to sell U.S. subsidiary for ‘focus efforts on home market in Canada’
Winnipeg, Manitoba — Wawanesa has entered an agreement to sell its U.S. subsidiary, Wawanesa General Insurance Company, to focus its efforts on the Canadian market, the insurer announced on Aug. 1. “We believe it’s the right time to concentrate on our home market,” said Jeff Goy, president and CEO of Wawanesa. Goy did not specify […]
Tuesday Ticker: Magna raises annual forecast; shares drop at Driven Brands
Toronto, Ontario — In this weekly Tuesday Ticker, Magna raises its annual outlook amid stellar Q2 financials; Nikola hires its fourth CEO and Driven Brands sees some stock dips. Mega Magna Magna International reported its Q2 financials last week, beating out analyst estimates with 17 percent revenue growth, to $10.98 billion, the company said Friday. […]
Driven Day 1: Driven Brands companies gather in Montreal for annual conference
Montreal, Quebec — Driven Brands’ Evolution Conference kicked off yesterday, where its collision and glass franchisees, along with vendor partners and industry stakeholders, raised money for charity and witnessed stellar speaker presentations before celebrating opening night with a performance by beloved Canadian band the Arkells. Representatives from CARSTAR Canada, UniGlassPlus, VitroPlus, Docteur Du Pare-Brise, Go!Glass […]
Meet Mr. Murray: Jeff Murray named CFO of Boyd Group
Winnipeg, Manitoba — Boyd Group Services has named Jeff Murray as its new chief financial officer. According to Boyd, Murray has already been serving in the role on an interim basis, following the retirement of Pat Pathipati at the end of 2022. Murray first joined Boyd’s finance department in 2004 and has served as VP […]
Tuesday Ticker: Tesla launches new incentive program; Rivian questioned by shareholders
Toronto, Ontario —This week, we look into the effect of Tesla’s new global incentive program (available in Canada!) while Rivian celebrates success despite hefty accusations. Tesla’a latest move in the EV price war Tesla has launched a new incentive program allowing customers across the globe to get extra incentives through referrals from their pals. The […]
Pricing Paradigm: Boyd’s Q1 sales driven by vehicle complexity, increased scanning and calibration services
Winnipeg, Manitoba — The Boyd Group reported its Q1 sales figures last month, with increases in sales based on “higher repair costs due to increasing vehicle complexity…increased scanning and calibration services and general market inflation,” said the company. CEO Tim O’Day told investors during the earnings call that most of the company’s scanning and calibrations […]
Tuesday Ticker: Nikola issued delisting warning from NASDAQ; Tesla, Ford deal drives share prices
Toronto, Ontario — In this weekly Tuesday Ticker, electric truck maker Nikola risks being delisted from NASDAQ while Ford and Tesla see an uptick in share price thanks to a Supercharged partnership. Nikola could be nixed Controversial electric truck maker Nikola is at risk of being delisted from NASDAQ, the company disclosed last Thursday in […]
Tuesday Ticker: Analysts predict Rivian results; Ford’s end to quarterly sales reports cause for concern
Toronto, Ontario — This week, Rivian prepares to unveil its Q1 2023 results; Ford of Canada’s decision to end quarterly sales reporting worries industry market analysts and AutoCanada reports net income increases with Q1 2023 financials. Ready for Rivian results Rivian is set to announce its Q1 earnings on Tuesday following market close, and analysts […]
Tuesday Ticker: VW makes largest-ever single investment in Canadian EV supply chain; Toronto-based car auction platform makes plans to delist
Toronto, Ontario — Read all about the largest-ever investment in the Canadian EV supply chain and how a Toronto-based online retailer plans to delist from the Toronto Stock Exchange in this weekly Tuesday Ticker. Big bucks for batteries The Canadian government and Volkswagen have committed more than $20 million toward the planned St. Thomas, Ont. […]
