Network: Page 26

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Fenix Parts reports loss, but improved business

Toronto, Ontario -- July 5, 2016 -- Auto recycling conglomerate Fenix Parts has announced its first quarter 2016 results this past week. While the company reported a loss, the underlying business seems to be doing well. The company recorded a net loss of $41 million for the quarter, or $1.97 per share. The losses were tied to “significant non-cash amortization” and a “goodwill impairment charge” of approximately $43.3 million initially triggered by a decline in the company’s stock price. That is, the losses were largely paper ones. Looking at the company's underlying business, there was reason to be positive about the performance of the company over the latest quarter. Some of the highlights from the first quarter of 2016 include

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ARAAC Annual Meeting includes trade show for the first time

Halifax, Nova Scotia -- June 15, 2016 -- The Automotive Recyclers Association of Atlantic Canada (ARAAC) has concluded its annual meeting for 2016. Previously, the association had met twice a year in the spring and fall. This year the decision was made to move to one larger meeting. Judging by attendance, it seems like ARAAC made the right move. Also new at this year’s meeting was a trade show component, featuring exhibits from Burlington Business Forms/BCAP, Power-DB by SolexD, Monidex Distibution, Hollander, Car-Part, Progi, Scout Environmental and CCC Pinnacle Yard Management.

The ARAAC meeting included updates on other regions across the country from ARC board members, including Neil James from BC.

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Scout Environmental honours Golden Switch Award recipients

Toronto, Ontario -- June 1, 2016 -- Switch Out, Canada’s national automotive mercury switch recovery program, would like to take the opportunity to recognize the outstanding and continued efforts of the automotive recyclers that participate in the program. Over 950 businesses from across Canada have recovered mercury switches from end-of-life vehicles (ELVs) s

The team at LKQ Lecavalier in Ste-Sophie, Quebec with their Golden Switch Award. The award celebrates five consecutive years of active participation in the Switch Out program.

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Auto recyclers across Canada celebrate Wally Dingman’s 50th birthday

Niagara-on-the-Lake, Ontario -- May 12, 2016 -- Greetings and good wishes are pouring in to celebrate the 50th birthday of Wally Dingman, Chairman of the Ontario Automotive Recyclers Association (OARA) and the Automotive Recyclers of Canada (ARC).

A few views of Wally Dingman, Chairman of the ARC and OARA recycling associations. Dingman's hard work and dedication to his industry has served as an inspiration to others.

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Grants in Gear application deadline extended

Toronto, Ontario -- May 8, 2016 -- The Automotive Recyclers of Canada (ARC) and Scout Environmental have extended the application deadline for the Grants in Gear funding program. Non-governmental organizations, entrepreneurs and municipal/governmental bodies now have until June 12, 2016 to apply for funding for project ideas that seek tangible results in emissions reductions or pollution prevention in the transportation sector or excellence in automotive recycling or reuse techniques.

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Auto recyclers call for ban on importation of asbestos brake pads

Toronto, Ontario -- April 12, 2016 -- The Automotive Recyclers of Canada (ARC) is adding its voice in support of a call for federal policies to effectively eliminate the import and use of asbestos in Canada. In particular asbestos brake pads carry health risks when it comes to recycling end-of-life vehicles.

Grants in Gear returns for 2016

London, Ontario -- April 6, 2016 -- Eight organizations across Canada have benefitted from the Grants in Gear program so far, and the next year will bring these benefits to even more organizations.

OARA Conference highlights role of auto recycling in a sustainable economy

The Ontario Automotive Recyclers Association (OARA) has concluded its 2016 Conference and Trade Show. The OARA Conference is the single largest auto recycling event in Canada, drawing attendees and presenters from well outside of Ontario. The conference took place March 18 to 20 at the Markham Suites Conference Centre, just outside of Toronto.

A selection of photos from the 2016 OARA Conference. Check out the gallery below for more!

Ransomware cyberattacker did not pretend to be Car-Part.com employee

A recent “ransomware” attack on an automotive recycler has increased concerns about cybersecurity in the automotive aftermarket. Ransomware is a type of malicious software designed to block access to a computer system until a sum of money is paid. Usually the demand is accompanied by threats to delete all of the data if the criminal’s terms aren’t met.

cyberattack stock photo

Impact Auto Auctions’ Edmonton facility holds first auction

Impact Auto Auctions has announced the opening of the first phase of its new Edmonton area facility, located at 26419 Twp. Road 525A in Acheson, Alberta. The company has begun to direct all Edmonton area assignments and Early Tow and Appraisal (ETA) Vehicles to the site, where business operations will be housed in temporary office units until construction on its 12,500 sq. ft. building is completed later this year. The facility held its first auction on Monday, February 8, 2016.

Car Heaven adds two new charities

Car Heaven has announced two new charities that will benefit from its fundraising efforts, the BC Children’s Hospital Foundation and Yellow Brick House. Car Heaven is the national charitable vehicle recycling program of the Automotive Recyclers of Canada (ARC). It is managed by ARC authorized auto recyclers.

Malaysia to host next International Roundtable on Auto Recycling

- It's official: the 9th International Roundtable on Auto Recycling (IRT) will take place at Hatten Hotel Melaka, Malaysia on April 20 to 23, 2016.

The 2016 IRT will take place at Hatten Hotel Melaka in Malaysia.

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