Pace of Progress: AI adoption grows in 2020 for American auto insurers
Chicago, Illinois — American automotive technology company CCC Information Services is reporting a more than 50 percent year-over-year increase in claims processed using artificial intelligence (AI) and deep learning. The company also reports that more than 5 million unique claims have been processed using a CCC deep learning AI solution, and the number of claims […]
Fixin’ for Festivities: URG announces new dates for 2021 Training Conference
Dallas, Texas — The United Recyclers Group (URG) 2021 Training Conference has been moved to August 5 through August 7, the company announced Feb. 22. “The dates may have changed, but it is still the premier event of the year for the auto recycling industry,” said DJ Harrington in URG’s announcement video. “Same great speakers, same […]
Adapting in Adversity: Toyota Canada President and CEO on automakers success during the pandemic
Toronto, Ontario — In a speech to key Canadian auto industry influencers, the presidents of Toyota Canada and Toyota Motor Manufacturing Canada (TMMC) described how Toyota’s culture of corporate agility and resilience positioned the automaker for success during a very challenging year. As the world grappled with several significant issues, Toyota focused on the future: […]
One Stop Shop: Lordco Auto Parts opens new store in Edmonton, Alta.
Maple Ridge, British Columbia — Further expanding its reach in Western Canada, Lordco Auto Parts has announced the opening of its first store in Edmonton, Alberta, a little more than a year after the company opened its first superstore in southern Alberta. Lordco’s new home in Edmonton is a 34,000 sq.-ft. facility of combined retail […]
Freedom to Charge: Volvo to exclusively sell EVs online by 2030
Toronto, Ontario — According to an announcement from Volvo Cars on Tuesday, the Swedish automaker intends to make the ICE a thing frozen in time, as the company plans to convert entirely to online EV sales by 2030. In a move that the company is saying will “transform the current wholesale market”, Volvo plans to […]
Record Numbers: AutoCanada unveils 2020 Q4 results
Edmonton, Alberta — AutoCanada has unveiled its fourth-quarter results for 2020, reporting an 8.3 percent increase in revenue compared to the same period the year prior and “outperform[ing] the Canadian new-vehicle retail market,” said the company. Fourth-quarter revenue for 2020 reached $876.1 million as compared to $809.1 million the prior year. Moreover, the fourth-quarter Adjusted […]
Charging up Wall Street: ChargePoint Holdings Inc. first EV network to enter NYSE
Campbell, California — ChargePoint Holdings Inc. just broke new ground as the first electric vehicle (EV) charging network to hit the trading room floor at the New York Stock Exchange (NYSE). Now trading under the ticker symbol of CHPT, ChargePoint recently completed an acquisition deal with Switchback Energy Acquisition Corporation that helped the company complete […]
Tuesday Ticker: March 2, 2021
Toronto, Ontario — In this week’s Tuesday ticker, a recent report indicates a consumer switch to private transportation, even pre-pandemic; Quebec-based HGreg auto group joins the cryptocurrency frenzy and Boyd Group preps for its 2020 Q4 results call. Passengers say, ‘Ta-ta, TTC’ A new report calculates that millions of Toronto transit riders dropped their TTC […]
Toyota TCB: OEM awarded Canada’s Most Respected Auto Manufacturer
Toronto, Ontario — The people’s voices have been heard and the results are in; Toyota Motor Company has been chosen as Canada’s Most Respected Auto Manufacturer by the Canadian public in a recent nationally representative public opinion survey. “Respect is earned, not just by manufacturing strong products, but through a combination of trusted local service […]
Beware of Batteries: EV batteries may pose a threat to emergency responders
Toronto, Ontario — With electric vehicles gaining popularity, emergency responders may be in serious danger–especially since the automaker’s emergency response guides are suppositively not up to par. According to a new report conducted by National Transportation Safety Board (NTSB) emergency responders may not be able to rely on emergency response guides provided by automakers when […]
