Tuesday Ticker: December 14, 2021
Toronto, Ontario — This week it’s all about the electric automakers as Tesla shares drop and Rivian sees a rise. Up and down Despite Tesla CEO Elon Musk’s recently-announced title of TIME Magazine’s 2021 Person of the Year, Tesla stock fell sharply on Monday. Shares fell about 4.7 percent amid Monday’s trading. Analysts suspect the […]
Tuesday Ticker: December 7, 2021
Toronto, Ontario — This week, Toyota tops the charts for sales and earnings in 2020 and AutoCanada doubles its number of Ontario stores. Tip top Toyota Toyota was the top-selling and highest-earning automaker in 2020, according to Uswitch’s recently released “Car Brand Earnings” research report. According to the data, Toyota made US$275 billion in 2020: […]
Tuesday Ticker: November 30, 2021
Toronto, Ontario — This week, Uber and Lyft overtake Vancouver and Lion Electric marks gains thanks to a repeat buyer. Taxi? Hail no! Trips via ride-hailing services like Uber and Lyft outnumber taxi rides in Vancouver two-to-one, according to recent statistics commissioned by the BC Passenger Transportation Board and compiled by Hara Associates. Researchers in […]
Tuesday Ticker: November 23, 2021
Toronto, Ontario — This week, Ford and Rivian officially scrap plans to work together; news of potential release dates flurry around Apple’s rumoured EV project and AutoCanada grabs the eyes of market analysts with its latest acquisition. Ford and Rivian announce breakup In 2019, Ford invested a hefty sum of US$500 million in Rivian, later […]
Tuesday Ticker: November 16, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, Apple hires a former Tesla engineer for its rumoured EV project and Rivian raises US$12 billion in its initial public offering (IPO). Christopher Moore bites the Apple Apple has reportedly hired Tesla’s Autopilot software engineer to work on its rumoured electric vehicle project, Bloomberg reported last week. […]
Tuesday Ticker: November 9, 2021
Toronto, Ontario — In this weekly Tuesday Ticker, Magna reports its Q3 results—and says it’s still tracking ADAS opportunities, despite the lost deal with tech firm Veoneer; Tesla marks another accolade and Rivian prepares to launch its US$60+ billion IPO. Looking meek at Magna Magna International reported its third-quarter earnings last week, marking a double-digit […]
Ready, Set, Rivian: Electric automaker set to launch $60+ billion IPO
Irvine, California — Electric automaker Rivian is set to launch its initial public offering in the second week of November, with a proposed valuation of just over US$60 billion, according to a report from the Wall Street Journal. Rivian disclosed its target valuation in an updated regulatory filing Nov. 1, said the WSJ. The automaker […]
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. […]
Tuesday Ticker: October 19, 2021
Toronto, Ontario — In this weekly edition of Collision Repair’s Tuesday Ticker, PPG breaks a number of its own records and Stellantis enters a lucrative partnership with an electronics giant. Pumped up PPG PPG stock has hit a new high four times over in the last five days, according to the market tracking website FostersLeader. […]
Tuesday Ticker: October 12, 2021
Toronto, Ontario — This week, Magna may have an opportunity to pick up Qualcomm’s leftovers from the Veoneer acquisition; an Ontario-based battery maker lands a unique deal to break ground in Quebec; while Tesla CEO Elon Musk announces a new home for the EV brand. More opportunities for Magna Magna International may have missed out […]
