Tuesday Ticker: Tesla confirms production of the Tesla Semi; while new vehicle sales jump across Canada
Toronto, Ontario — In this Tuesday Ticker, Tesla confirms that it is on track for production-spec deliveries of the Tesla Semi by 2026; while new vehicle sales have remained high across Canada since March. A semi update Last Monday, Tesla confirmed that its Tesla Semi remains on track for production-spec deliveries to customers by 2026. […]
Como Gets Credit: AkzoNobel’s Como site achieves highest automotive industry quality certification
Como, Italy — AkzoNobel’s powder coatings site in Como, Italy has received International Automotive Task Force (IATF) 16949 certification. This certification specifically represents the global technical specification and quality management standard for the automotive industry. The certification focuses on several areas, including continuous improvement, defect prevention and waste reduction within the automotive supply chain. The […]
New Age: Boyd Group spent US$4.8 million on network technology upgrades in Q1 2024, increased scanning and calibration workforce by 60 percent
Winnipeg, Manitoba — Boyd Group Services released its Q1 2024 financial results on Wednesday, revealing the company spent US$4.8 million on network technology upgrades in the first three months of 2024. Company CEO Tim O’Day added that the company has increased the number of scanning and calibration services it can perform in-house by increasing its […]
Throwback Thursday: Tropicana students experience autobody
Toronto, Ontario — In honour of Tropicana Community Services’ Discovery Day at the AkzoNobel headquarters today, this Throwback Thursday features TWO exclusive albums from past Tropicana student events. Take a gander through our archived pictures from 2017 and 2023, respectively, and witness Tropicana’s dedicated pre-apprenticeship autobody students in their element! One of Tropicana’s offerings is […]
Tuesday Ticker: AutoCanada reports Q1 results, citing ‘challenging operating dynamics’; Magna reveals Q1 numbers
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada reports decreased Q1 2024 revenues, compared to Q1 2023, while Magna’s financial results touch on the company’s relationship with EV maker Fisker. A ‘challenging’ quarter Edmonton, Alta.-based dealership group AutoCanada reported its Q1 2024 results last week, commenting that market conditions culminated in “challenging operating dynamics […]
Zenetec expands operations with strategic acquisition of GTA collision centre
Toronto, Ontario — In a significant expansion move, Zenetec Collision has announced the acquisition of CSN Bayview-Steeles, effective April 1, 2024. This addition marks Zenetec’s continued foray into the GTA market and underscores its strategic growth ambitions. Under William Monteith’s leadership, Zenetec has enhanced its portfolio to include five collision repair centres, two specialty glass […]
Federal Favour: Federal government announced new Canada carbon rebates for small businesses
Toronto, Ontario — In case you missed it, the Federal government’s 2024 budget includes a new carbon rebate for small businesses to help reduce the impact of environmental costs. The 2024 Federal budget report, which was released on April 16th, specifically notes that “the government is delivering on its commitment to return proceeds from the […]
Up and Up: AkzoNobel Q1 results beat analyst expectations; reports organic sales growth and improved operating income
Toronto, Ontario — AkzoNobel reported its Q1 2024 financial results yesterday, beating analyst Q1 expectations with a 19 percent increase in first-quarter core profits. Adjusted EBITDA for Q1 2024 was €363 million, versus €305 million a year ago. Revenue was €2,640 for Q1 2024, compared to €2,657 a year ago, reporting a two percent increase […]
Tuesday Ticker: Robotaxi beckons; Toyota takes over Daihatsu operations
Toronto, Ontario — In this weekly Tuesday Ticker, Tesla teases a “robotaxi” rollout, while Toyota claims the reins for its subsidiary’s operations outside Japan. Meanwhile, Unifor lets Ford know how it feels about its decision to delay EV production by two years. Robotaxi rollout Tesla CEO Elon Musk has announced that the company’s long-awaited autonomous […]
Tuesday Ticker: Fisker delisted from NYSE; Port of Baltimore closures threaten parts supply
Toronto, Ontario — In this weekly Tuesday Ticker, Fisker is delisted from the New York Stock Exchange and makes some bold reactionary measures, including price cuts of up to 39 percent; plus, the Port of Baltimore closure following the Francis Key Scott Bridge closure threatens to wreak havoc on the parts supply chain. Fisker faces rough […]
