Rivian’s Ripening: EV automaker begins building Canadian service network
Vancouver, British Columba — Rivian has started building its service network in Canada as the electric vehicle maker prepares to deliver its first vehicles in the Canadian market this summer. Automotive News Canada reported Friday that Rivian has begun recruiting staff for its Vancouver service centre, though it would not elaborate on how many services […]
Tuesday Ticker: April 26, 2022
Toronto, Ontario — In this Tuesday Ticker, General Motors shares some hefty news a mere day before the OEM reveals its Q1 2022 financial reports, while 3M plans to leverage technology from a digital inventory management solutions company. Corvettes and currents General Motors will launch an electric version of the Chevrolet Corvette sports car starting […]
Stock Talks: Driven Brands to announce Q1 2022 financial results next Wednesday
Charlotte, North Carolina — Driven Brands will announce its first-quarter 2022 financial results before the market opens next Wednesday, April 27. Following its Q1 2022 earnings release, the company will host a conference call at 9 a.m. ET to review the financial results. The call will be available via live webcast on Driven Brands’ Investor […]
Tuesday Ticker: April 19, 2022
Toronto, Ontario — It’s all about automakers in this weekly Tuesday Ticker as electric vehicle stocks are shocked as analysts fret about potential Chinese COVID restrictions; Toyota delivers less-than-surprising news regarding its May 2022 production outlook and Elon Musk continues to worry investors about his mission to buy Twitter. Electric hiccups Electric vehicle stocks saw […]
AutoHouse Technologies 2021 Canadian Benchmark Report: Cycle Time
Vancouver, British Columbia — AutoHouse Technologies has released its 2021 Canadian Benchmark Report for the collision repair industry, where the company details sales, gross profit trends, cycle times and touch times for the Canadian autobody sector last year. Last Friday, we took a look at AutoHouse’s data for sales and gross profit trends; today, we […]
The Big Buzz: Volkswagen ID. Buzz bus set to premiere today
Wolfsburg, Germany — The Volkswagen T1 bus is something of an iconic staple to many automotive enthusiasts and van-lifers alike. While the model ceased production in the late 1970s, Volkswagen might just have something up its sleeve to satiate the masses. On March 9 at 1 p.m. ET (7 p.m. Central European Time), Volkswagen will share […]
Date with Design: Sherwin-Williams 2022 calendar features Alberta shop build
Airdrie, Alberta — This year’s Sherwin Williams calendar features over-the-top builds finished exclusively in the company’s Ultra-premium portfolio of collision repair products, including a product of Alberta customs shop, Coyote Customs Paint and Auto. Coyote Customs’s 2011 Ford Mustang GT Twin Turbo, the only Canadian-built vehicle in the Sherwin-Williams calendar, is the featured vehicle in […]
See You at SEMA: Exhibit space applications available
Las Vegas, Nevada — Applications for the 2022 SEMA Show are now available, with the event scheduled for November 1 through November 4, 2022. With more than 100,000 professionals in attendance at the 2021 SEMA Show, the convention was Las Vegas’ best-attended trade show last year, marking the Las Vegas Convention Centre’s first full-capacity event […]
Tuesday Ticker: March 1, 2022
Toronto, Ontario — This week, Tesla and Rivian recover from stock dips, while Ontario plans to introduce legislation for gig workers like Uber drivers and other ride-share drivers. Short circuits for Tesla, Rivian Both Tesla and Rivian took hits to their stocks last week, with Tesla down 5.7 percent last Tuesday and Rivian down 9.2 […]
Up at Uni-Select: Company beats analyst estimates with Q4 2021 results
Boucherville, Quebec — Uni-Select reported its financial results for Q4 2021 last Friday, noting it “ended the year on a very strong note” with sales rising 9.3 percent to $400.2 million, ahead of the $394 million analysts had anticipated. Uni-Select’s net earnings for the quarter increased by $14.1 million to $9.0 million, while adjusted earnings […]
