Tuesday Ticker: Stellantis shuts down merger speculation; EV automakers continue to drop
Toronto, Ontario — In this weekly automotive economics report, Stellantis shuts down merger rumours, while EV stocks continue to slip, keeping up with the 2024-thus-far trend. Stellantis slices down rumours Stellantis chairman John Elkann has commented on press speculation that the automaker was considering a merger with French OEM Renault, saying there is “no plan […]
Champs of Karting and Collision: CCS treats Collision Centre of the Year team to night of go-kart racing
Toronto, Ontario — A good team is hard to find—and when you do find one, it’s important to celebrate achievements. Consolidated Collision Services has taken note of this—the company hosted its 2024 Collision Centre of the Year winners, Mercedes-Benz Collision Oakville, at K1 Speed Karting last week to celebrate the team’s achievement. According to a […]
Tuesday Ticker: Rivian hires longtime Apple hardware designer
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian goes Apple picking for new hires, while AutoCanada marks a date for its Q4 2023 and full-year 2023 results call. AutoCanada’s annuals Edmonton-based dealer group, AutoCanada, will release its financial results on Thursday, March 7, 2024, before the markets open, the company announced this past Monday […]
Saputo on the Small Screen: Saputo Collision Group featured on local TV network
Hamilton, Ontario — Joe Saputo, owner of CARSTAR Ancaster, CARSTAR Ancaster West and CARSTAR Guelph, was recently visited by Hamilton, Ont. news network CHCH, where he delved into the inner workings of the shop to promote his services in the local market. In the segment, Saputo shows off the floor at CARSTAR Ancaster, showing reporter […]
Tuesday Ticker: Electric vehicle stocks suffer in the first weeks of 2024
Toronto, Ontario — The first few weeks of 2024 have brought major losses for some electric vehicle stocks, like Tesla, Rivian and Fisker. Tesla stock has dropped more than 14 percent since the start of 2024. Analysts believe the plunge is largely driven by rental car company Hertz’s decision to pull 20,000 Tesla models from […]
Calling on Keith: Keith E. Jones named collision strategy and program manager, DEKRA North America
Victoria, British Columbia — Keith E. Jones has been named collision strategy and program manager for DEKRA North America. This new role will see Jones support the BMW Canada Certified Collision Repair Centre program. Previously, Jones served as a regional development specialist for DEKRA, supporting various OEM certification programs, including BMW, Mercedes-Benz, Audi, Volkswagen and […]
Tuesday Ticker: Tesla shares drop three percent amid supply chain and other struggles; Toyota makes plans for a stellar year
Photo: Gigafactory Berlin-Brandenburg. Michael Wolf. Toronto, Ontario — In this weekly Tuesday Ticker, Tesla faces a triple threat of troubles, while Toyota makes plans to break production records for the second consecutive year. The NASDAQ remained closed on Monday due to Martin Luther King Day. Tumultuous times for Tesla Tesla is facing supply chain delays […]
Kavia’s Comeback: Raj Kavia named Canadian Manager, OEConnection/Certified Collision Care
Toronto, Ontario — Longtime industry member Raj Kavia has joined OEConnection as the Canadian Manager, OEConnection Certified Repair Network (CRN)/Certified Collision Care, he announced via LinkedIn on Tuesday. Kavia is the former owner of Kavia Auto Body in Saskatoon, Saskatchewan, which he owned from May 1992 to February 2019. During his time as owner/operator of […]
American Acquisition: SATA acquires Dan-Am company
Kornwestheim, Germany — SATA, a global leader in the field of liquid paint application equipment, is proud to announce that a joint agreement has been signed for Dan-Am Company to be acquired by SATA USA, a subsidiary of SATA GmbH & Co. KG in Kornwestheim, Germany. In its press release, SATA noted that, after years of […]
Mandell on the Mic: Mitchell International claims director to present top collision trends during Jan. 25 webinar
Toronto, Ontario — The Collision Industry Electronic Commerce Association (CIECA) has announced that its next webinar is scheduled for Thursday, January 25. The webinar, entitled “Top Collision Industry Trends to Watch in 2024,” will take place at 11 am PST; 1 pm CST; and 2 pm EST. A one hour session, the webinar will also […]
