Tuesday Ticker: Honda eyes huge investment in Canada; Rivian marks production records
Toronto, Ontario — In this weekly Tuesday Ticker, Honda considers what could reportedly be its largest-ever investment, while Rivian grapples with a double-edged sword. Eyes on EVs According to weekend reports from Japanese news outlets, Honda is considering an $18 billion investment to build a Canadian electric vehicle plant. Reports came out on Sunday after […]
Bringing in Broadfield: Shawn Broadfield joins CrashBay as advisor
Toronto, Ontario — CrashBay is proud to announce the appointment of industry leader and innovator Shawn Broadfield to its executive team in the role of board advisor. Broadfield brings a wealth of experience to the role, having initiated and led enterprise solutions for claims. As a finance lead for Allstate Insurance for more than two […]
Tuesday Ticker: Two 2023 growth stocks; Xpeng, Toyota
Toronto, Ontario — In this, the first Tuesday Ticker of the year, we’ll look at two stocks that saw exponential growth in 2023—Chinese automaker Xpeng and fan-favourite Toyota. Eyes on Xpeng Analysts are looking at Chinese brands like Xpeng Motors for peak performance in 2024. Xpeng is expecting a “brighter 2024,” in the OEM’s own […]
Hello to Harmon: Driven Brands adds Damien Harmon to Board of Directors
North Carolina, United States — Driven Brands has announced the election of Damien Harmon of Best Buy to its Board of Directors, effective Jan. 1, 2024. Harmon is the senior executive vice president of customer, channel experiences and enterprise services for Best Buy Co. Inc., where he is responsible for the end-to-end customer experience and […]
New to the Nation: Certified Collision Group comes to Canada; Rebecca Fyfe named VP Sales
Toronto, Ontario — Certified Collision Group (CCG) has announced that it has brought its business model of supporting independent collision operators to Canada, with 15-year industry veteran Rebecca Fyfe to serve as vice president of sales for the region. “Our affiliates in Canada deserve only the best, Rebecca’s passion for the Canadian Collision space is […]
Tuesday Ticker: Rivian’s latest relationship; Analysts cut Tesla price target predictions
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian sees its stocks soar; analysts fiddle with Tesla price targets; and Volkswagen makes the first steps toward its St. Thomas, Ontario battery headquarters. Rivian’s latest relationship Rivian saw its stock soar almost 15 percent over five days, following a major deal announcement. Rivian will sell its […]
G-Class Grievances: Ontario G driving test changes done without safety evaluations, auditor general finds
Toronto, Ontario — A decision to remove certain elements of the Ontario G class driving test was made without safety evaluations or formal cabinet approval, says Ontario’s acting auditor general Nick Stavropoulos. Specifically, in his 2023 Annual General Report, Stavropoulos noted that a change to the test which removed “duplicative” elements such as emergency stops, […]
Tuesday Ticker: Rivian could benefit from Cybertruck rollout, says analyst and investor; November new Canadian car sales grow 20 percent
Toronto, Ontario — This week, we look at Rivian’s performance following Tesla’s Cybertruck rollout. Plus, DesRosiers celebrates a stellar month for new vehicle sales in Canada. Battle of the pickups Some analysts believe Rivian is poised to gain from Tesla’s Cybertruck launch and rollout. One analyst, managing partner of the Future Fund (and Tesla investor) […]
Tuesday Ticker: Government billions over the battery budget, says report; Rivian makes production progress
Toronto, Ontario — In this weekly Tuesday Ticker, provincial and federal governments face flack for going a few billion over budget, while Rivian finally makes an inch of progress on its second production facility. Billions over the battery budget A new report from the Parliamentary Budget Officer says the Canadian government is almost six billion […]
Tuesday Ticker: Paint providers mark Q3 gains
Toronto, Ontario — In this weekly Tuesday Ticker, we’re looking at the Q3 performance of two paint giants—Axalta and PPG—both of which reported strong performances for the three months ending Sept. 30, 2023. Plus, shout out to Sherwin Williams for marking some significant net sales from U.S. and Canadian storefronts. Axalta aces Q3 Axalta said […]
