Tuesday Ticker: March 30, 2021
Toronto, Ontario — Boyd unveils its 2020 financial results, Elon Musk makes moves to accept crypto-cash and Lyft shares its sunny outlook for the months ahead in this week’s Tuesday Ticker. Boyd’s books Boyd Group Services has announced its financial results for the full-year ended Dec. 31, 2020, revealing that company saw same-store sales fall 15.6 […]
Tuesday Ticker: March 16, 2021
Toronto, Ontario — Ontario embarks on a virtual trade tour to encourage business with California’s auto sector, Canadian Uber workers reject the company’s proposal to soothe tensions and Axalta acquires a Chinese wire-enamel company in this week’s Tuesday Ticker. Ontario on tour The Ontario government is currently leading 18 of what it calls “the province’s […]
Tuesday Ticker: March 9, 2021
Toronto, Ontario — This week’s Tuesday Ticker sees Canadian Uber employees issue complaints, a Canadian auto parts maker’s Q4 profits drop by 12 percent and General Motors extends microchip shortage closures. Courier complaints A recent report straight from Uber Technologies says the company’s Canadian drivers and couriers don’t think they receive dependable earnings. Out of […]
Tuesday Ticker: February 16, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, Toyota continues its record-breaking results for 2020, Uber reports losses offset by food deliveries and Elon Musk’s brother and Tesla board member gives up a portion of his Tesla shares. Toyota at the top Toyota has reported that its quarterly operating profit rose to 987.9 billion yen […]
Up and Up: Wall Street analysts give Driven Brands bullish endorsement
Shares of Driven Brands Holdings Inc. rallied toward a fifth-straight gain Tuesday, after the newly public auto services company got a mostly bullish endorsement from Wall Street analysts, as a way to play the recovery in the auto industry. The stock DRVN has gained 16.7 percent during its win streak. IAs of Wednesday at 1:30 p.m. […]
Tuesday Ticker: February 9, 2021
Toronto, Ontario — Microchip shortages continue to plague Canadian plants with temporary shutdowns, DesRosiers reports Canada’s Jan. 2021 auto sales and Hyundai changes its stance on the rumoured Apple car partnership. Microchip mishaps General Motors is the latest automaker to initiate temporary layoffs at a Canadian plant alongside microchip shortages General Motors said its CAMI […]
Market update: Auto sales continue to decline, an alliance of analysts
By CRM staff Toronto — November 7, 2018 — In this week’s market update: Vehicle sales slide for seventh straight month, two automotive market forecasting firms join forces, and Copart expands in Europe. Auto sales dip The decline in Canadian light vehicle sales that began in March continued into October. The industry sold 161,125 units […]
Repairers, investors smiling at AutoCanada’s quarterly statement
By CRM Staff Winnipeg, Manitoba– May 7, 2018 — Investors are likely toasting the executives of AutoCanada after a strong first quarter statement, though the numbers also portend well for any members of the repair industry in North America. The Winnipeg-based automobile dealership group, which represents 68 dealerships under 27 brands, saw average […]
Boyd Group Income Fund Reports Fourth Quarter and Full Year 2017 Results
By CRM Staff Winnipeg, Manitoba — March 21, 2018 — Boyd Group Income Fund reported its financial results for the three and twelve-month periods ending December 31, 2017. The Fund’s fourth quarter 2017 financial statements and MD&A have been filed on SEDAR. 2017 Highlights Sales increased by 13.1 percent to $1.6 billion from […]
Axalta comments on failed merger and acquisitions attempts and collision market consolidation
By CRM Staff Philadelphia, Pennsylvania — February 8, 2018 — During Axalta’s 2017 fourth quarterly conference call, Axalta executives offered insight into why several merger and acquisitions deals fell through for them last year. Despite the previous breakdowns, Charles Shaver, chief executive officer, Axalta predicts more consolidation for the coatings industry in the next […]
