Business: Page 112

Collision Repair
Big Picture: BASF CEO Martin Brudermuller says semiconductor shortage could have greater implications than imagined
Ludwigshafen, Germany — The impact of the global semiconductor chip shortage could be greater than expected, BASF CEO Martin Brudermuller said Wednesday, warning that shortages could also have an impact on chemicals players in the automotive aftermarket. With slower supply times from manufacturers, BASF reduced its estimate for cars produced in its second-quarter earnings call […]
basf
Business
Friends like LG: Magna International and LG launch joint venture, LG Magna e-Powertrain
Aurora, Ontario — LG Electronics and Magna International have joined forces to form LG Magna e-Powertrain, a single company to bridge the technological developments between the two collaborators, according to a press release from Wednesday. The company will be led by 20-year LG veteran and new CEO Cheong Won-suk who, prior to joining LG, worked […]
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Collision Repair
Collector Clubhouse: Hagerty Garage and Social opens storage facility for car enthusiasts in Toronto, first in Canada
Toronto, Ontario — Hagerty announced Tuesday that it has opened its next premium clubhouse and car storage facility, Hagerty Garage + Social Toronto in Toronto, Ont.  This is the first Garage + Social to open in Canada and will serve as a central gathering place for the local collector car community in the Greater Toronto […]
hagarty
Collision Repair
Tuesday Ticker: July 27, 2021
Toronto, Ontario — This week, Stellantis teases EV plant operations on Canadian soil; Magna International makes an ADAS-aware move for its future and PPG reveals its Q2 2021 financials. Smooth-talking Stellantis Stellantis, formerly known as Fiat Chrysler Automobiles, is reportedly deciding on North American locations for two new electric vehicle battery plants, one of which […]
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General News
EV/AV Report: July 26, 2021
Toronto, Ontario — In this week’s EV/AV Report, a new report says a lot — like a lot — more Canadians will have to purchase electric vehicles in order to reach federal emission targets. Meanwhile in Vancouver, a new By-law requiring 100 percent of parking stalls in new hotels to have EV chargers was approved. […]
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Technology
Triple Alliance: Ford, Argo AI and Lyft team up to integrate AVs into rideshare network
San Francisco, California 一 Argo AI, Lyft and Ford have joined forces in a collaboration that hopes to bring autonomous ride-sharing to the public, combining the automotive, AI and app expertise of all three brands. “This collaboration marks the first time all the pieces of the autonomous vehicle puzzle have come together this way,“ said […]
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Viva Veilleux: Patrick Veilleux sells Sherbrooke pièces autos usagées, will join Car-Part.com
Toronto, Ontario — Patrick Veilleux has sold his business, Sherbrooke pièces autos usagées to his cousin Eric Veilleux. After many productive years in the automotive recycling realm, Veilleux is not leaving—he has joined Car-Part.com to test and “make improvements” to its software. Veilleux was a long-time Member of the Automotive Recyclers of Canada (ARC) Board […]
Tuesday Ticker: July 20, 2021
Toronto, Ontario ⁠— In this Tuesday Ticker, the Bank of Canada plans to let inflation run on past its previously planned targets, the European Union says it will wave goodbye to gas-powered vehicles in 2035 and top execs at Toyota say it’s “too soon” to be focussing only on electric cars.  Get to runnin’  The […]
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Fit for the Future: Policaro Group plans ‘state-of-the-art’ BMW dealership near Toronto
Etobicoke, Ontario — Policaro Group is opening a state-of-the-art BMW dealership in Etobicoke, fit with a three-bay diagnostic department and a six-bay wash and detail department.  The two-storey building will be sitting on a 74,000 square-foot lot and have a 14 car showroom. It will also have the latest technology to be able to support […]
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GM and Toyota Takeover: Vincentric announces 2021 Best Fleet Value in Canada Awards, Toyota and GM clean-up
Toronto, Ontario — The 10th annual Vincentric Best Fleet Value in Canada Awards were announced today, with Toyota and General Motors winning five awards each.  Toyota earned accolades across the Passenger Car, SUV & Crossover, and Van categories, while GM showed strength in the Truck category. The fleet groups from Ford, Stellantis, and Volvo were […]
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Tuesday Ticker: July 13, 2021
Toronto, Ontario — Apple’s co-founder declares support for the Right to Repair movement, Uber Canada shifts its operations from the Netherlands to Canadian soil and all eyes set sights on EV stocks in anticipation of a U.S. presidential infrastructure announcement⁠—all in this week’s Tuesday Ticker!  Wozniak’s words Apple co-founder Steve Wozniak voiced support for the […]
ticker
Setting Sights High: Europe aims to recycle 95 percent of the weight of ELVs
Amsterdam, Netherlands — In Europe, the automotive sector has been tasked with repurposing 95 percent of the weight of End of Life Vehicles (ELV).  Ingrid Niessing, the CEO of the global membership organization ARN that focuses on the vehicle lifecycle, says that the company is extremely involved in helping Europe reach its goal and the […]
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