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Tuesday Ticker: Volkswagen experiences capacity cuts; while Hyundai doubles down on hybrids

Toronto, Ontario — This weekly Tuesday Ticker sees both company expansions and cuts as Volkswagen may reportedly book up to four billion euros in provisions for planned capacity cuts; while Hyundai announces plans to greatly expand its electric vehicle lineup. Historic cuts Volkswagen may reportedly book up to four billion euros in provisions for planned […]

Dozen Declaration: Simplicity Car Care expands with 12 new locations across Canada

Toronto, Ontario — Simplicity Car Care has announced its continued growth across Canada with the opening of 12 new franchise locations in Ontario, Quebec, and British Columbia. The new locations are in the following locations: Kingston, Ont. Bellville, Ont. Orangeville, Ont. Two locations in Mississauga, Ont. Two locations in Toronto, Ont. Concord, Ont. Prince George, […]

Tuesday Ticker: Tesla reportedly seeking lower tariffs for Chinese-built units; CAMI Assembly Plant workers authorized to strike

Toronto, Ontario — In this weekly Tuesday Ticker, Unifor authorizes workers at Ontario’s CAMI Assembly Plant to strike, should an agreement not be met in talks later this month. Meanwhile, Tesla reportedly seeks lower tariffs for its Chinese-built models following the government’s recent announcement. Strike watch Unifor members working at the General Motors CAMI Assembly […]

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” […]

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