Tuesday Ticker: November 8, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, a B.C.-based company buys IAA Inc. in a deal worth US$7.3 billion; Uni-Select reports favourable Q3 results in the face of an unfavourable dollar and Magna lowers its expectations for North America. Bros from Burnaby Ritchie Bros. Auctioneers, a Canadian equipment marketplace based in Burnaby, B.C., said […]
Tuesday Ticker: Tesla cuts prices, sees shares decline; Uni-Select preps for Q3 results call
Toronto, Ontario — In this weekly Tuesday Ticker economics report, Tesla cuts prices in China and sees its stocks suffer; Uni-Select marks a date for its Q3 2022 results call and an Aviva rep comments on the inflation-auto physical damage connection. Tesla takes a tumble Tesla stock was down nearly 50 percent year-to-date on Monday […]
At the Peak: Simplicity Car Care recognizes top performing franchisees at first annual awards
Toronto, Ontario — To celebrate another year of growth, Simplicity Car Care hosted its first annual awards ceremony to honour its top performers across the country. To Simplicity, it’s about more than sales; the company takes time to honour owners and staff—known as Simplifiers—for leadership, customer satisfaction, and their impact on the community. The award […]
Tuesday Ticker: Nikola’s former CEO charged; Tesla could save big bucks by eliminating ultrasonic sensors
Toronto, Ontario — It’s electric in this weekly Tuesday Ticker as Nikola Corp.’s founder and former CEO is charged with fraud; Rivian recalls a slew of freshly-delivered vehicles and an analyst makes estimates on Tesla’s upcoming cash savings. Milton gets charged Trevor Milton, founder of electric truckmaker Nikola Corp., has been found guilty of fraud […]
Leading-Edge Learning: CWB Group and Volkswagen Group Canada to open first OEM Collision Repair Training Centre in Canada
Milton, Ontario — The CWB Group has announced an exciting new collaboration alongside Volkswagen Group Canada–a dedicated OEM collision repair training centre to serve Audi and Volkswagen brands. The first-of-its-kind facility will be located at the CWB Group facility in Milton, Ontario. It will showcase an OEM training environment utilizing the latest equipment and developing […]
Revenue via Recycling: Stellantis to expand circular economy business unit
Amsterdam, Netherlands — Stellantis has announced its mission to generate more than $2.6 billion in savings via a mission to extend the life of its vehicles and parts, the OEM announced Tuesday. The OEM forecasts that it can save €2 billion (CND$2.6 billion) in recycling and reusing parts through its circular economy unit. Stellantis said […]
Tuesday Ticker: Tesla vehicle production up 42 percent; Uber aims for B.C. operational licenses
Toronto, Ontario — This week, Tesla reports its production and delivery numbers for Q3 2022; Uber takes another try at obtaining operating licenses in two B.C. regions, and Magna International marks a 52-week low. Tip Top Tesla According to the OEM’s preliminary report for its production and delivery numbers, Tesla produced 42 percent more cars […]
Silicon Shift: Global car production forecasted to increase, says research analyst
Toronto, Ontario — Global car production is forecasted to increase in the second half of 2022 thanks to supply chain recovery, according to a report by, J.P. Morgan Research, a research wing of the international banking company. Semiconductor and chip shortages are nearing the end and should become more readily available in the second half […]
Rivian is Ready: OEM can now sell vehicles in Canada
Ottawa, Ontario — As of this week, Transport Canada has authorized Rivian to sell vehicles in Canada. While Rivian has yet to kickstart its Canadian deliveries, despite original promises that customers would receive orders by Nov. 2021, the automaker has now been certified and registered by Transport Canada. The news comes a few days after […]
AkzoNobel’s SEMA Plans: Coatings company to showcase Carbeat, Dave Kindig partnership and more
Las Vegas, Nevada – Join us next month at SEMA, where AkzoNobel will showcase its paint lines, software, showcase cars and more. AkzoNobel’s indoor booth #20060 will feature the Sikkens coatings series, Carbeat proprietary production management software and Acoat Selected Business Support Services. That’s not all–if you like cars and sunshine, outdoor rig #81080 has six […]
