Aubry and Arnott Advance: CCS announces leadership transition for Charles Aubry, Jason Arnott
Toronto, Ontario — Consolidated Collision Services (CCS), a division of Consolidated Dealers Co-Operative Inc. has announced that, going forward, Charles Aubry will assume the role of General Manager for the company, with Jason Arnott further assuming the role of Business and Operations Director for the West. “We are beyond excited to be able to promote […]
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 […]
Economic Influences: Average dealership visit costs $465, compared to independent shop visit at $262, says J.D. Power report
Toronto, Ontario — The average cost of a visit to the repair shop has increased over 2023, regardless of whether a customer visits a dealership or independent facility, according to J.D. Power’s 2024 Canada Customer Service Index—Long Term Study. According to the study, the average cost of a visit to the dealership is $465 in […]
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, […]
Distribution Deal: Driven Brands announces sale of Canadian distribution business to PGW Auto Glass
Toronto, Ontario — Driven Brands Holding Inc. has announced the sale of its Canadian distribution business, primarily operated under the PH Vitres d’Auto brand (PH), to PGW Auto Glass. This transition was effective as of August 31, 2024. While the terms of the transaction are not being disclosed, the Financial Post noted that the sale […]
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 […]
Tuesday Ticker: Advance Auto Parts sells Worldpac to former Axalta owner; Canada imposes tariffs on Chinese-made EVs
Toronto, Ontario — Advance Auto Parts sells its Worldpac unit to a private equity firm and Canada announces tariffs on Chinese-made electric vehicles in this weekly Tuesday Ticker. Selling Worldpac Advance Auto Parts has sold its Worldpac unit for US$1.5 billion, the company announced last Thursday. The sale is part of Advance Auto Parts’ latest […]
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” […]
Shifting Gears: New Rivian R1 vehicles have ‘hundreds’ of design, engineering, performance changes
Normal, Illinois — Rivan’s recent retooling efforts have “reduced [vehicle] complexity and lowered the cost associated with the vehicle body with a heavy emphasis on removing parts, processes and steps,” according to Rivian CEO R.J. Scaringe. Scaringe said the changes have reduced nearly 1,500 joints and contributed to an expected 30 percent improvement in the […]