Tuesday Ticker: Volkswagen’s investment pushes Rivian shares; report claims Chinese vehicles will claim 33 percent market share by 2030
Toronto, Ontario – This weekly Tuesday Ticker covers Volkswagen’s recent partnership with Rivian and its impact on the latter’s stock. Meanwhile reports claim Chinese-made cars will claim 33 percent of the global market share by 2030. Volkswagen throws a vine Last week, Volkswagen and the electric vehicle startup Rivian announced a new joint venture partnership. […]
Unhappening the Unexpected: CARSTAR Canada launches new national campaign, ‘where accidents UNHAPPEN’
Toronto, Ontario — CARSTAR Canada has announced the launch of its new commercial media campaign, “where accidents UNHAPPEN.” According to a recent press release, as CARSTAR Canada celebrates its 30th anniversary milestone this year, “this creative campaign calls back to its roots” as a trusted repair network to call on to make damage ‘unhappen.’ The […]
Tuesday Ticker: Fisker files for bankruptcy; Polestar chair steps down amid operational challenges
Toronto, Ontario — In this weekly Tuesday Ticker, electric vehicles continue to lose charge as Fisker officially files for bankruptcy and Polestar announces its chairman will be stepping down amidst operational challenges. Polestar pairings Polestar’s chairman, Håkan Samuelsson has announced plans to step down as part of a larger board shuffle within the company. Samuelsson, […]
Alder Alterations: Uni-Select expands its reach in British Columbia with acquisition of Alder Auto Parts
Surrey, British Columbia — Uni-Select has announced the strategic acquisition of Alder Auto Parts in Surrey, B.C., bringing the total number of corporate stores in the province to 21. In a recent press release, John Feddersen, president of Alder Auto Parts commented that “joining Uni-Select starts a new and important chapter for us. We are […]
Tuesday Ticker: Boyd Group announces Q2 2024 cash dividends; Rivian makes further layoffs
Toronto, Ontario — In this weekly Tuesday Ticker, Winnipeg, Man.-based Boyd Group Services announces its Q2 2024 cash dividends, payable at the end of July. Plus, Rivian makes another round of layoffs in the face of Q1 2024 losses. Quarterly dividends Boyd Group Services has announced its cash dividend for Q2 2024. The network will […]
Colleagues in Cambridge: CARSTAR Cambridge launches unique hiring campaign with Pure Stock race sponsorship
Cambridge, Ontario — CARSTAR Cambridge is firing up the engines on a unique hiring campaign – sponsoring a race car in the local Pure Stock racing series at Flamboro Speedway to attract automotive enthusiasts to the collision repair industry. CARSTAR Cambridge, partially owned by Allen Mattice, and the LC group, owned by Ian Ladd and […]
Fix conference wraps up in Gatineau, Quebec. D’Ambrosio Collision Group wins President’s Award
Gatineau, Quebec — The Fix Network Canada conference wrapped up last Friday night on a high note during the awards night gala and auction. John and John Jr. D’Ambrosio were awarded the prestigious President’s Award for the partner best exemplifying the values of the Fix brand and network. “This recognition is humbling and appreciated as […]
An Unforgettable Evening: Carrosserie All-Star Magog celebrates new image with vibrant event featuring key announcements from CCS
Magog, Quebec — Carrosserie All-Star Magog near Sherbrooke, Que., celebrated its “new image” recently with a stellar evening featuring esteemed industry members and facility colleagues. Approximately 100 people attended, including insurer partners, dealer partners and suppliers. Collision centre owners were also in attendance to show support for Carrosserie All-Star Magog. David Brodeur, owner of Carrosserie All-Star […]
Leadership Transition: Consolidated Dealers’ President and CEO Tom Langton to retire end of 2024; Mike Beier to assume role Jan. 1, 2025
Woodbridge, Ontario — Consolidated Dealers, a national automotive buying group, announced June 11, 2024, at the shareholder’s Annual General Meeting a significant leadership transition as Tom Langton, president and CEO, prepares to retire on December 31, 2024. Langton will transition to an advisory role to provide continued guidance and support to the company, while Mike […]
Tuesday Ticker: Second-gen Rivian vehicles could impact stock; Martinrea announces major expansions
Toronto, Ontario — In this weekly Tuesday Ticker, we look at the potential trading impact of Rivian’s second-gen R1S and R1T vehicles. Plus Martinrea announces a $35 million expansion to an Ontario-based facility, adding some fancy new equipment to the mix, too. Rivian stock revival? Analysts are keen to see how Rivian’s unveiling of its […]
