Tuesday Ticker: Tesla reportedly seeking lower tariffs for Chinese-built units; CAMI Assembly Plant workers authorized to strike
Toronto, Ontario — In this weekly Tuesday Ticker, Unifor authorizes workers at Ontario’s CAMI Assembly Plant to strike, should an agreement not be met in talks later this month. Meanwhile, Tesla reportedly seeks lower tariffs for its Chinese-built models following the government’s recent announcement. Strike watch Unifor members working at the General Motors CAMI Assembly […]
Tuesday Ticker: AutoCanada reports Q2 2024 financial results; Rivian pauses Amazon van production
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada announces its Q2 2024 results and says it’s performing a “strategic review” of its non-profitable and non-core operations, while Rivian stocks dip due to a production pause. About AutoCanada AutoCanada’s Q2 2024 total sales decreased 8.8 percent year-over-year, and the company is performing a “strategic review” […]
Tuesday Ticker: EV makers Lucid, Rivian make positive share gains
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian stocks see a near 15 percent gain over five days, with exorbitant growth on Friday. Plus, Lucid sees stocks surge—and drop again—following positive comments from its CEO. Rivian making gains Shares of Rivian are up 13 percent over the last five days, following citations of a […]
Tuesday Ticker: Fisker files for bankruptcy; Polestar chair steps down amid operational challenges
Toronto, Ontario — In this weekly Tuesday Ticker, electric vehicles continue to lose charge as Fisker officially files for bankruptcy and Polestar announces its chairman will be stepping down amidst operational challenges. Polestar pairings Polestar’s chairman, Håkan Samuelsson has announced plans to step down as part of a larger board shuffle within the company. Samuelsson, […]
Tuesday Ticker: Tesla confirms production of the Tesla Semi; while new vehicle sales jump across Canada
Toronto, Ontario — In this Tuesday Ticker, Tesla confirms that it is on track for production-spec deliveries of the Tesla Semi by 2026; while new vehicle sales have remained high across Canada since March. A semi update Last Monday, Tesla confirmed that its Tesla Semi remains on track for production-spec deliveries to customers by 2026. […]
Tuesday Ticker: Tesla reports Q1 revenues
Toronto, Ontario — Time for this week’s stock check! Today, we cover Tesla’s Q1 increases, despite the windfalls. Tesla turmoil Despite negative EV financials across the stock market, Tesla has increased its share price nearly 22 percent in the last 30 days, and surged in the last 12 days thanks to a comment from CEO Elon […]
New Age: Boyd Group spent US$4.8 million on network technology upgrades in Q1 2024, increased scanning and calibration workforce by 60 percent
Winnipeg, Manitoba — Boyd Group Services released its Q1 2024 financial results on Wednesday, revealing the company spent US$4.8 million on network technology upgrades in the first three months of 2024. Company CEO Tim O’Day added that the company has increased the number of scanning and calibration services it can perform in-house by increasing its […]
Tuesday Ticker: Toyota, Subaru announced expansions in EV partnership; Rivian beats analyst revenue estimates
Toronto, Ontario — Toyota and Subaru make a pact in the name of battery-powered vehicles, while Rivian beats out analyst estimates despite wider-than-anticipated losses-per-share in this weekly Tuesday Ticker. Partners in power Toyota will aid Subaru in manufacturing three new electric vehicles for the latter OE over the next two years, the companies announced Monday […]
Tuesday Ticker: Canadian officials reportedly close to deal with Honda; Rivian stock continues its drop
Toronto, Ontario — In this weekly Tuesday Ticker, Canadian officials get one step closer to a reported deal with Honda, while a market analyst roots for Rivian despite the company’s stock reaching all-time lows. Handshake with Honda Canadian federal officials are close to forming a deal that could see Honda build EVs in Ontario, according […]
Insurtech Investment: CrashBay completes $1.25 million funding round led by Markd
Toronto, Ontario — CrashBay has announced the completion of a $1.25 million funding round led by market venture capital firm Markd, with participation from other collision and insurance industry veterans. CrashBay is a digital marketplace specializing in end-to-end collision repair solutions for fleets and carriers. Car owners and carriers can book appointments with shops across […]
