Tuesday Ticker: February 22, 2022
Toronto, Ontario — This week, Magna feels the effects of the Ambassador Bridge closure on top of an already difficult start to the year; Volkswagen and Huawei reportedly eye a partnership in autonomous driving tech and both Renault and Rivian vow never to dip their toes into the ocean. Ambassador effects Magna International is feeling […]
Tuesday Ticker: January 11, 2022
Toronto, Ontario — In this week’s Tuesday Ticker, Magna International announces a brand new EV centre, Volkswagen of America CEO complains that the automaker’s total-units-sold could be higher and General Motors partners with Qualcomm for a revamped Ultra Cruise. Electric energy at Magna HQ Magna International announced last week it plans to develop a new […]
Tuesday Ticker: November 2, 2021
Toronto, Ontario — This week, Uber outperforms lift in the immediate aftermath of pandemic lockdowns; automakers announce Q3 losses across the board and Tesla CEO Elon Musk looks to solve world hunger with the UN’s assistance. Do you even Lyft? Market analysts say that Uber is outperforming Lyft as ridesharing ramps up from pandemic lows. […]
Cards on the Table: Axalta expects supply chain disruptions to cost $40 million in lost net sales
Toronto, Ontario — Constraints in the Canadian supply chain continue to put the squeeze on automotive suppliers as Axalta said that they are expecting a $40 million drop in net sales for Q3 this year. With the microchip shortage and raw material inflation a daily reality for the global automotive industry, Axalta has decided to […]
Tuesday Ticker: July 13, 2021
Toronto, Ontario — Apple’s co-founder declares support for the Right to Repair movement, Uber Canada shifts its operations from the Netherlands to Canadian soil and all eyes set sights on EV stocks in anticipation of a U.S. presidential infrastructure announcement—all in this week’s Tuesday Ticker! Wozniak’s words Apple co-founder Steve Wozniak voiced support for the […]
Tuesday Ticker: June 8, 2021
Tuesday Ticker: June 8, 2021 Toronto, Ontario — In this week’s Tuesday Ticker, Advanced Auto Parts marks a record-breaking Q1; Canadians prepare their summer road trip plans and Tesla marks a million Cybertruck reservations. Advanced advances Advanced Auto Parts has marked a record-breaking quarter with net sales increased 23.4 percent to US$3.3 billion and 24.7 […]
Tuesday Ticker: May 25, 2021
Toronto, Ontario — In this week’s Ticker report, Boyd Group’s Canadian chains report 34 percent dips in revenues, PPG finalizes another acquisition and cyberhackers take hold of a Toyota Auto Body server. Boyd’s Q1 blunders Boyd Group, which operates Canadian collision centres under the Boyd Autobody and Glass and Assured Automotive networks, has reported a […]
Tuesday Ticker: May 4, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, Volkswagen’s head honcho says the automaker will make its own chips for self-driving vehicles; gig-related stocks suffer following a Biden administration representative interview and Boyd Group Services marks a date for its Q1 financial results reveal. Homemade chips Volkswagen won’t be relying on an outside company for […]
New small business support efforts, luxury tax and more: A look at the 2021-22 federal budget
Ottawa, Ontario — The Liberal government unveiled its federal 2021-22 budget on Monday. Despite numerous promises regarding small business recovery, vehicle electrification, EV battery initiatives and even a luxury tax on high-priced vehicles, the budget does not include any scrappage programs or incentives to purchase new vehicles, EVs or otherwise. Collision Repair has compiled a […]
Tuesday Ticker: April 20, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, Boyd Group Services gets an ‘outperform’ rating from CIBC, PPG makes major moves after exceeding Wall Street’s Q1 expectations and Tesla stock sees a drop following an alleged autopilot-involved accident in Texas. Boost for Boyd Boyd Group Services had its price target raised by stock analysts at CIBC […]
