Tuesday Ticker: Magna blows analysts’ minds; Toyota potentially seeks financial assistance
Toronto, Ontario — In this weekly Tuesday Ticker, Magna blows analyst expectations out of the water and sees shares jump almost 15 percent; while a government source teases that Toyota could soon seek Ottawa’s assistance in its shift to EV assembly. Magna’s shares move Magna saw its shares surge last Friday as the Aurora, Ont.-based […]
Tuesday Ticker: AutoCanada settles outstanding litigation; Volvo plans to lay off 10 percent of workforce
Toronto, Ontario — In this weekly Tuesday Ticker economics report, AutoCanada resolves a four-year dispute with its former CEO and chairman, while Volvo announces extensive job cuts in North America. Resolution reached AutoCanada and CanadaOne Auto Group announced today that they have agreed to resolve the legal proceedings between AutoCanada, Patrick Priestner and CanadaOne Auto […]
Strong Collision Performance: AutoCanada reports Q2 results, gross profit up 14.1 percent
Edmonton, Alberta — AutoCanada reported its Q2 financials last Thursday, where it stated its parts, services and collision repair operations had a “robust performance.” Consolidated gross profit increased to $318.7 million, up 14.1 percent. The primary drivers of gross profit were higher new vehicle sales volumes and strong performances from AutoCanada’s used retail vehicle division; […]
Tuesday Ticker: Tesla set to report record deliveries; Uber insiders selling shares
Toronto, Ontario — In this Tuesday Ticker, we cover analysts’ predictions for Tesla’s Q2 delivery numbers and an Uber insider’s recent decision to sell their shares. Tesla tops last quarter Tesla is set to report a record number of vehicle deliveries for Q2, following a boom in EV-maker discounts and other incentives to boost electric […]
Tuesday Ticker: Rivian loses spot on Nasdaq-100 index; Nikola makes massive layoffs
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian is replaced on the Nasdaq-100 index, controversial truck maker Nikola lays off almost a quarter of its workforce and a Quebec-based ADAS and sensor company makes a merger. Rivian removed The rumours were true—Rivian has lost its spot on the Nasdaq-100 index. Nasdaq confirmed the news […]
Tuesday Ticker: Nikola issued delisting warning from NASDAQ; Tesla, Ford deal drives share prices
Toronto, Ontario — In this weekly Tuesday Ticker, electric truck maker Nikola risks being delisted from NASDAQ while Ford and Tesla see an uptick in share price thanks to a Supercharged partnership. Nikola could be nixed Controversial electric truck maker Nikola is at risk of being delisted from NASDAQ, the company disclosed last Thursday in […]
Tuesday Ticker: Analysts hope Musk shifts attention to Tesla; Stellantis stops construction amid financial disputes and more
Toronto, Ontario — Stellantis airs its disputes with the federal government; Tesla fans hope Elon Musk turns his attention toward the EV brand and Boyd reports its Q1 financials in this weekly Tuesday Ticker. Stellantis stalemate Stellantis and LG Energy Solution have ceased construction on a planned EV battery factory in Windsor, Ont., over ongoing […]
Tuesday Ticker: Analysts predict Rivian results; Ford’s end to quarterly sales reports cause for concern
Toronto, Ontario — This week, Rivian prepares to unveil its Q1 2023 results; Ford of Canada’s decision to end quarterly sales reporting worries industry market analysts and AutoCanada reports net income increases with Q1 2023 financials. Ready for Rivian results Rivian is set to announce its Q1 earnings on Tuesday following market close, and analysts […]
Tuesday Ticker: Bullish analyst downgrades Rivian; Mercedes-Benz opens Canadian raw materials office
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian sees a 76 percent downgrade from a known bullish market analyst; an advocacy group questions Uber’s average pay in Toronto and Mercedes-Benz opens a raw materials office to pursue EV battery mineral sources. Reluctant on Rivian Shares of Rivian Automotive have fallen 10 percent since Mar. […]
Record Revenues: Driven Brands reports 39 percent increase in 2022 revenues
Charlotte, North Carolina — Driven Brands is reporting growth in its full-year 2022 and Q4 2022 financial results, announced Wednesday morning. For the whole of 2022, Driven Brands reported 39 percent increases in revenue, which grew to US$2 billion driven by same-store sales and location acquisitions, said the company. The company’s paint, collision and glass […]
