Tuesday Ticker: PPG says first-quarter EPS will be higher than previous guidance; Rivian maintains annual production expectations
Toronto, Ontario — PPG raises its guidance for Q1 2023 earnings thanks to stronger automotive OEM coatings sales performances, while Rivian reassures investors and analysts in this weekly Tuesday Ticker. PPG pumps it up PPG upped its guidance for first-quarter adjusted profit to between US$1.52 per share and US$1.58 per share, thanks to “stronger sales […]
Grand Opening: Volkswagen recalls ID.4 electric SUV for doors unlocking on the move
Toronto, Ontario — Volkswagen AG has ordered dealers in the United States and Canada to cease all sales of the ID.4 electric SUV, citing doors that may open while driving and that the OEM has no fixes available quite yet. According to a stop-sale notice by the OEM, this affects 1,455 Canadian vehicles and 16,207 […]
EV/AV Report: Zero emission legislation, power cuts and donuts
Toronto, Ontario — The European Union approves the 2035 phase out of CO2-emitting cars, a new NHTSA recall after 637 Lucid Airs lose power to their motors and a self-driving car collides into a car doing donuts at 1 a.m. This is the latest in electric and autonomous vehicles. Stamp of Approval The European Union […]
EV/AV Report: EV concerns, battery reparability and entangled AVs
Toronto, Ontario — Data from the largest-ever survey of Canadian EV drivers is released, American collision repairers respond to claims that Tesla Model Y battery packs might be unrepairable and autonomous taxis tangle themselves in collapsed train powerlines. This is the latest in electric and autonomous vehicles. Ever Worried A Canadian Automobile Association (CAA) survey […]
Midday Munchies: Squirrels eat engine covers and wiring harnesses in London, Ont.
Photo by Anna Chamberlain/CBC London, Ontario — Several car owners in London, Ont. have discovered holes in their vehicle hoods, thanks to a gang of squirrels deciding that vehicle components were the nutrient-rich superfood of their generation. In an interview with the CBC, Anna Chamberlain, a London. Ont resident explained that she and two other […]
Aluminum Exclusivity: BMW bulletin restricts more than 100 structural aluminum parts to certified facilities
Toronto, Ontario — BMW’s North American division announced in a bulletin Thursday that it has restricted more than 100 aluminum structural parts for its vehicles “due to complexity of repair and the requirement of highly specialized tools, training, and repair procedures.” Going forward, parts on that list can only be ordered by facilities with technicians […]
EV/AV Report: Borrowed cars, autonomous startups and charging critiques
Toronto, Ontario — A Vancouver man accidentally drives off in the wrong Tesla using nothing more than his app, Gatik’s expansion hints at a growing autonomous trucking fleet in Canada and J.D. Power warns of rising electricity prices hurting EV owners. This is the latest in electric and autonomous vehicles. Inadvertent Felony A Vancouver man […]
Prime Parts: New Amazon parts store puts collision centre sales at risk
Toronto, Ontario — Convenient or concerning? That is what many in the U.S. aftermarket are asking themselves following the launch of Amazon’s new OEM auto parts portal, a new purchasing option that cuts costs and cuts out dealers. Bruce Halcro, owner of Capital Collision Center in Helena, Mont., spoke to Repairer Driven News about how […]
United Notions: AIA Canada and 19 international groups join global vehicle right to repair movement
Ottawa, Ontario — On Wednesday, the Automotive Industries Association of Canada (AIA Canada) released a statement pledging its commitment to the global right to repair movement. Nineteen other groups, including the American Auto Care Association, have followed suit, presenting a list of ten principles they believe should guide right to repair legislation around the world. […]
Market Response: Tesla cuts Model X prices for second time this year
Toronto, Ontario — As of Sunday, prices have been slashed on Tesla’s Model X crossover vehicle by $7,000–the second time Tesla has reduced prices in Canada this year. According to Bloomberg, the all-wheel drive Model X now begins at $135,990 while the Model X Plaid begins at $149,990. Similar cuts were made in the United […]
