Tuesday Ticker: Semiconductor status report; Magna pledges Ont. investment
Toronto, Ontario — In this weekly Tuesday Ticker report: a status report on the semiconductor shortage and a glimpse into Magna’s latest investment. Chocolate, no chips Certain automakers are recovering better than others in regard to the chip shortage, according to new data from Bank of America Global Research analysts and S&P global stats. BMW, […]
Tuesday Ticker: Driven Brands celebrates two years on Nasdaq; Tesla cuts prices globally
Toronto, Ontario — This week, Driven Brands celebrates two years since going public with a guest appearance At Nasdaq and Tesla drops its Canadian prices again. Two years public Driven Brands celebrated two years since it first went public in a big way, with group president and executive vice president of paint, collision and glass […]
Tuesday Ticker: Tesla offers Canadian discounts; Magna forms agreement to purchase self-driving tech from Veoneer
Toronto, Ontario — In this–the final Tuesday Ticker of 2022–Tesla introduces temporary Canadian ‘credits’ on certain models; Magna picks up a long-expected acquisition and J.D. Power estimates EV growth in the U.S. car parc. Sales in the name of supply goals Tesla announced discounts n its Model 3 and Model Y electric vehicles on Dec. […]
Tuesday Ticker: CAMI kicks off electric delivery truck production; Rivian makes first deliveries to B.C. market
Toronto, Ontario — In this weekly economical report, General Motors starts up EV assembly lines in Ontario; Rivian makes its first Canadian deliveries and promises increased production in Q4 while the Canadian pension fund offloads some electric shares. Bring on BrightDrop The CAMI Assembly plant in Ingersoll, Ont.—which General Motors spent seven months and more […]
Tuesday Ticker: GM ceases Twitter advertising; details of B.C.’s used vehicle tax rules
Toronto, Ontario — In this week’s Tuesday Ticker, GM pauses it’s Twitter advertising as it navigates the platform’s new position alongside Tesla CEO Elon Musk, B.C. grapples with a new used car buying tax and the Boyd Group appoints a new executive VP and COO for its collision repair business. Ad break General Motors has […]
Tuesday Ticker: Canada inks EV material deals with two OEMs; Honda reassesses global supply chain
Toronto, Ontario — In this weekly Tuesday Ticker, two German OEMs sign deals to access Canadian metals, while Honda reportedly considers the viability of its Chinese supply chain. Double deals for Canada Both Mercedes-Benz and Volkswagen Group signed deals with the Canadian government last week. The newly-inked agreements will see the automakers secure access to […]
Tuesday Ticker: Tesla allegedly eyeing Ontario for Gigafactory plans; Magna reports Q2 2022 results
Toronto, Ontario — Tesla reportedly looks to build its own Canadian Gigafactory in Ontario, while Magna marks some meek numbers in its Q2 2022 financial results call. Tesla-tario? Tesla is lobbying the Ontario government for an “advanced manufacturing facility” within the province, according to reports from Electric Autonomy Canada. The EV news outlet said that […]
Tuesday Ticker: July 26, 2022
Toronto, Ontario — The focus is on Alberta-based companies in this weekly Tuesday Ticker, as AutoCanada delivers 32 percent revenue growth while Calgary, Alta.-based Foundation Automotive adds a new brand—and new territory—to its portfolio. AutoCanada’s quarterly update Edmonton-based AutoCanada announced its Q2 2022 results on Monday, reporting revenue of approximately $1.7 billion and growth of […]
Tuesday Ticker: July 19, 2022
Toronto, Ontario — Looking for your global automotive stock report? Look no further! In this weekly Tuesday Ticker, Volkswagen amps up its EV deliveries; a former Nissan executive does a postmortem on the OEM’s EV strategy and Porsche preps for a potential IPO. Volts-wagen Volkswagen is pushing its emissions-free offerings and seeing the returns, as […]
Tuesday Ticker: July 12, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, AkzoNobel adds an acquisition to its wheelhouse and Stellantis talks more about its future funding at FCA Canada. Wheelie great acquisitions AkzoNobel has announced an agreement to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH. The deal is expected to be completed by the end […]
