Tuesday Ticker: Rivian reveals Q2 results; AutoCanada set to report Q2 financials Aug. 13
Toronto, Ontario — In this Tuesday Ticker, Rivian reports its financial results for the quarter ending June 30, 2024, while maintaining its full-year guidance for 2024. Also in this weekly report: AutoCanada preps to announce its own Q2 numbers. Rivian report Rivian’s revenue for Q2 2024, rang up to US$1.16 billion, though the EV maker’s […]
Boyd’s Books: Boyd reports Q2 2024 financials; Internalization of scanning and calibration, repair-first strategy drive improved margins despite softening sales
Winnipeg, Manitoba — Boyd Group Services, which operates the Boyd Autobody and Glass and Assured collision networks, reported its second-quarter financials on Thursday. For the quarter ended June 30, 2024, Boyd Group Services posted net earnings of US$10.8 million, compared to US$26.3 million in the same period of 2023. Factors impacting net earnings, according to […]
Tuesday Ticker: Hertz to ‘accelerate’ sale of Tesla fleet; BYD seeks EV tariffs discussions with Ottawa
Toronto, Ontario — In this weekly Tuesday Ticker, Hertz plans to ditch more of its Tesla fleet, while BYD informs the federal government of its plans to enter the Canadian market. Hertz hurts Not only is vehicle rental company Hertz accelerating its plan to sell 100,000 Tesla units; but the company also plans to sell […]
Props to Preston Chevrolet: UniParts O.E.M. welcomes Preston Chevrolet to trusted network
Langley, British Columbia — UniParts O.E.M. has announced the addition of Preston Chevrolet as its newest dealership in British Columbia, further expanding its trusted network of OEM parts suppliers. According to a recent press release, this collaboration underscores the company’s commitment to providing exceptional service and high-quality automotive parts to collision centres across the B.C. […]
Tuesday Ticker: Tesla advises ‘notably lower’ growth rate in 2024; Stellantis struggles in North America
Toronto, Ontario — In this weekly Tuesday Ticker, Tesla shares take a hit as CEO Elon Musk advises “notably lower” growth in 2024 compared to what was experienced in 2023. Plus, Stellantis struggles to gain its foothold in the North American market. The Tesla tumble Shares of Tesla dropped 11 percent last Wednesday as the […]
Tuesday Ticker: Federal government weighs options on Chinese EV tariffs; PPG reports Q2 financials
Toronto, Ontario — In this weekly economics report, the Canadian government continues tariff talks, with insight from a supply chain expert. Plus, PPG reveals its Q2 2024 financials. Canadian considerations The federal government is currently engaged in conversations on whether to impose tariffs on the import of Chinese-made electric vehicles. The Globe and Mail reported […]
AI Empowered Capacity: MSO Sebastian Torres raves about Solera’s AI estimating, capacity planning at CARSTAR Velocity conference
In recent months, CARSTAR Torcam owner and general manager Sebastian Torres has implemented Solera’s AI-powered automated damage detection technology to manage capacity levels. In January, Torres’ Brantford store was about four to six weeks backlogged. By June, backlogs were down to one to two weeks. He told breakout session attendees that the results have been […]
Tuesday Ticker: Tesla, Rivian report Q2 deliveries
Toronto, Ontario — Rivian and Tesla mark increases in second-quarter deliveries, compared to Q1, with Tesla’s stock rallying in response in this Tuesday Ticker. Tesla closes the gap Tesla shares rallied last week, dropping as low as US$153.85 Tuesday but rising 63 percent through Friday’s close. CNBC reported the OEM capped a 27 percent share […]
Kariuki Levels Up: Henry Kariuki promoted to Director of Operations Canada at Level5drive
Toronto, Ontario — Level5drive—a chain of ADAS calibration laboratories providing documented ADAS calibrations aligned with OEM repair manual directives—has announced the promotion of Henry Kariuki to Director of Operations Canada, effective immediately. In his new role, Kariuki will oversee all operational activities across Canadian operations, playing a pivotal role in driving strategic initiatives forward. A […]
Featuring Fremont: Uniparts O.E.M. Canada announces Emile Fremont as senior management consultant
Toronto, Ontario — Emile Fremont has been appointed as a senior management consultant with Uniparts O.E.M. Canada. Fremont brings over 30 years of collision repair industry experience to the role and will be “instrumental in supporting the sales and development leadership at Uniparts OEM Canada.” In this role, Fremont will assess industry trends, identify market […]
