Tuesday Ticker: March 15, 2022
Toronto, Ontario — In this weekly edition of Collision Repair’s Tuesday Ticker, EV automaker Rivian snags a top exec from Magna while Guelph, Ont.-based Linamar sees significant stock dips due to the ongoing Russia-Ukraine conflict. Plus, AutoCanada reports a personal best for fourth-quarter revenues. Rivian tags Magna exec Electric vehicle maker Rivian announced it has […]
Up at Uni-Select: Company beats analyst estimates with Q4 2021 results
Boucherville, Quebec — Uni-Select reported its financial results for Q4 2021 last Friday, noting it “ended the year on a very strong note” with sales rising 9.3 percent to $400.2 million, ahead of the $394 million analysts had anticipated. Uni-Select’s net earnings for the quarter increased by $14.1 million to $9.0 million, while adjusted earnings […]
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: February 1, 2022
Toronto, Ontario — This week, Rivian buckles down in a mission to meet 2022 delivery goals; Bentley allocates nearly CAD$4 billion to sustainability efforts and Uni-Select preps to unveil its Q4 2021 results. Rivian’s rest Rivian said it’s planning to ramp up its production to “almost 200 delivery-ready units per week,” according to sources from […]
Tuesday Ticker: January 25, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, PPG reports its Q4 2021 and full-year results, while Honda makes a deal with a lithium-metal battery supplier. Picking up pace PPG reported both its full-year 2021 and Q4 2021 results last Friday, reporting net sales of about US$4.2 billion for the final quarter of 2021, about […]
Tuesday Ticker: January 18, 2022
Toronto, Ontario — This week’s Tuesday Ticker is all about automakers as rumours swirl around a potential Volkswagen battery division IPO; Ford crosses US$100 billion valuation for the first time ever and Toyota kicks General Motors out as 2021’s top-selling automaker in the United States. Volkswagen’s vibe Volkswagen could soon list its battery division in […]
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: December 28, 2021
Toronto, Ontario — As we close out 2021, this week’s Tuesday Ticker is all about the top six automotive industry stocks to turn your eyes to—or avoid at all costs—in 2022. Check out Collision Repair’s list of stocks to watch below! Tesla Seems like a duh, right? Tesla has reached all-time heights in 2021, […]
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: […]
