Reset and Regroup: Honda announces one week production halt for NA amid supply chain issues
Washington D.C. — Amid a whirlwind of various calamities, Honda Motor Co. announced on Tuesday that most of it’s North American auto plants will be shutting down for the week, in response to a number of supply chain obstacles. According to the automaker, “the impact from COVID-19, congestion at various ports, the microchip shortage and […]
Boyd Howdy: Boyd Group announces $0.141 cash dividend for Q1
Winnipeg, Manitoba — Boyd Group Services Inc. announced on Wednesday that it’s quarter one cash dividend will be $0.141 per common share. The Winnipeg-based collision repair banner said in their announcement that the dividend will be payable on April 28 to common shareholders of record at the close of business on March 31. For more […]
Reviewing the Ropes: Government commits to solving border issues for supply chain workers
Ottawa, Ontario — Members of Canada’s automotive supply chain are waiting in eager anticipation as federal Public Safety Minister Bill Blair committed to addressing the slew of complaints surrounding inconsistent enforcement at the Canada-U.S. border for essential workers. In a virtual meeting with the president of the Automotive Parts Manufacturers Association (APMA), Flavio Volpe, on […]
Closed Circuit: Hyundai partners with Quebec-based Lithion for battery recycling
Markham, Ontario — Like the person who puts the tongs back on the plate at the buffet, Hyundai Canada is striving to make the EV industry better than when they arrived by partnering with Quebec-based Lithion Recycling to handle the automaker’s battery recycling program. This move by Hyundai attempts to complete a more sustainable production […]
Credit Cleared: RSA Canada receives approval for credit-score based auto insurance in Nova Scotia
Halifax, Nova Scotia — Nova Scotia’s insurance regulator has approved RSA Canada’s introduction of a Quality Rating Factor (QRF), which uses credit scoring for rating auto insurance. RSA Canada’s proposed QRF will only apply to writing new auto business, not existing business. The board noted that it has already approved the use of the QRF […]
