Paint Profit: AkzoNobel grows revenue on increased pricing
Toronto, Ontario — AkzoNobel reported its Q4 2022 and full-year 2022 financial results on Tuesday, with increased revenues driven by price increases. The company reported a 13 percent revenue increase for the full year 2022, compared to 2021. Pricing was up 14 percent. Operating income for the year was reported at €708 million (2021: €1,118 […]
First-Place Franchise: CARSTAR ranked first in collision repair category on Entrepreneur Magazine Franchise 500 list
Charlotte, North Carolina — CARSTAR was ranked number one in the collision repair category and 248th overall on the 2023 Entrepreneur magazine Franchise 500 list. This is the sixth consecutive year the company has be named among the franchises featured on the acclaimed magazine list. Entrepreneur’s evaluation formula involves the assessment of costs and fees, […]
Tuesday Ticker: Rivian, VINFast reveal layoffs; Canadian Tire shares climb 12 percent year-to-date
Toronto, Ontario — This week, two electric vehicle makers announce job cuts in the North American market while Canadian Tire revives its share prices. Relieved from Rivian Rivian is laying off six percent of its workforce, CEO R.J. Scaringe announced in an email to employees last week. Analysts suspect the layoffs to be prompted by […]
Spring with SAAR: Saskatchewan seasonal forum just three weeks away
Moose Jaw, Saskatchewan — The Saskatchewan Association of Automotive Repairers (SAAR) is nearly done prepping for its spring forum, which is slated for Feb. 10 and Feb. 11 at the Temple Gardens Hotel and Spa in Moose Jaw. The event will kick off Friday at noon Central Time alongside a discussion with Saskatchewan Government Insurance […]
Calling on Kirschenman: Innovation Solutions announces Karl Kirschenman as director of business operations
New Jersey, United States — Innovative Solutions and Technology has announced the addition of Karl Kirschenman as its director of business operations. Kirschenman is an automotive industry veteran who has extensive automotive experience. He has been a director of technology for an international, not-for-profit organization that develops and delivers technical training programs and services to […]
Tuesday Ticker: Driven Brands celebrates two years on Nasdaq; Tesla cuts prices globally
Toronto, Ontario — This week, Driven Brands celebrates two years since going public with a guest appearance At Nasdaq and Tesla drops its Canadian prices again. Two years public Driven Brands celebrated two years since it first went public in a big way, with group president and executive vice president of paint, collision and glass […]
Inflation Hangover: Canadian manufacturing at a historic seven-year slow
Toronto, Ontario — Canada’s manufacturing sector is facing its longest slowdown in seven years, according to recent data by S&P Global Canada. This data indicates that Canada’s Purchasing Managers’ Index (PMI) fell to a seasonally adjusted 49.2 in December from 49.6 in November, the fifth month in a row where the index remained below the […]
BMW’s BFF: OEM unveils talking, colour-changing car at CES
Las Vegas, Nevada — You’re lying if you say you’ve never talked to yourself. Seriously—have you never rattled off a story or idea while alone in the comfort of a car? If you’re of the majority,dont’ be surprised when the car speaks back to you. BMW has unveiled a talking concept car, the i Vision […]
Jump for John: Simplicity adds John Turner as brand development manager, western Canada
Toronto, Ontario — Simplicity Car Care is pleased to introduce John Turner as the new brand development manager for Western Canada. He’s worked in various roles related to the automotive industry for more than two decades. From repairs to sales to leadership, Turner brings a wealth of experience to the team. “I have been in […]
Bull’s-eye: Project Arrow, the all-Canadian concept car, unveiled in Las Vegas
Las Vegas, Nevada — Two years after the first announcement of Project Arrow, the all-Canadian concept car has made its debut on the international stage. Unveiled this Thursday at the Consumer Experience Show in Las Vegas, Project Arrow showcases the design efforts of 58 Canadian industry partners. Everything from seats to advanced cyber security has […]
