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Business: Page 122
Network
Focus on Fletcher: ARC director Steve Fletcher to speak during International vehicle recycling summit
Toronto, Ontario — There will be a friendly face taking the virtual stage at this year’s India International Vehicle Recycling Summit as Steve Fletcher, managing director of the Automotive Recyclers of Canada (ARC) is set to present during the three-day event. Fletcher will lead a session–Vehicle Scrappage Programs – Key Success Factors from the Canadian […]
Business
Go for Growth: Simplicity Car Care unveils 2020 Annual Report
Toronto, Ontario — With more than 35,000 customers served and $40.6 million in sales last year, Simplicity Car Care is ready to span its success into 2021 and beyond. Released Tuesday, Simplicity’s 24-page 2020 Outlook Report showcases some impressive statistics regarding the banner groups’ pandemic performance and data on the operations of its 53 Canadian […]
Business
Tuesday Ticker: April 13, 2021
Toronto, Ontario — Magna partners with an Israeli startup, which will see the Aurora, Ont.-based company build electric vehicles atop the startup’s platform; electric vehicle sales grow in B.C. and General Motors meets its mask production promise to the federal government in this week’s Tuesday Ticker. More moves for Magna Magna International will develop an […]
Business
Ford’s Figures: Ford to release Q1 earnings on April 28, followed by conference call
Dearborn, Michigan — Mark your calendars and get your calculators out, Ford has picked a date for its Q1 earnings conference call. Ford president and CEO Jim Farley will be releasing the numbers from this fiscal year’s first quarter at 4:05 p.m. EST on April 28. Immediately following that, at 5 p.m Farley, along with […]
Business
Sci-Fi Stocks: Former GM exec aids in merger with German VTOL developer
Toronto, Ontario — Officially making his way onto the U.N.’s list of auto execs that may also be mad scientists, the former head of operations for General Motors in North America, Barry Engle and his company Qell Acquisitions Corp. have entered into a deal with a German aviation startup that is aiming to circle in […]
Business
SARIT Your Engines: Magna founder reportedly planning three-wheeled EV
Aurora, Ontario — Frank Stronach, founder of Aurora, Ont.-based Magna International, is reportedly planning to build a three-wheeled, single-seat EV in the Greater Toronto Area. The Toronto Star was the first to report Stronach was looking to build a new headquarters for his Safe Affordable Reliable Innovative Transport (SARIT) company after he applied for a […]
Tech Tax: Saskatchewan’s new EV tax ruffles industry feathers
Regina, Saskatchewan — The Saskatchewan government will implement a $150 annual tax for passenger electric vehicles, effective Oct. 1, 2021. The announcement was made Tuesday alongside the province’s 2021-22 budget. Government officials said the reason for the tax is that electric vehicles do not contribute to highway maintenance through the provincial fuel tax. Throughout the […]
Business News – CRM 20#2
LI-CYCLE LISTED Li-Cycle is raising funds for global expansion by going public on the New York Stock Exchange (NYSE) in a deal that values the battery recycler at US$1.7 billion. The five-year-old private company has unveiled plans to merge with Peridot Acquisition Corp., an NYSE-listed special acquisition corporation (SPAC). If approved by shareholders in both […]
All Aboard: Nissan Murano earns Top Safety Pick+
Toronto, Ontario — The Insurance Institute for Highway Safety (IIHS) awards 2021 Nissan Murano the Top Safety Pick+ designation. Nissan Murano is the fourth Nissan model to be awarded IIHS’s Top Safety Pick+ after Nissan Rogue, Maxima and Altima. All four models feature Nissan Safety Shield 360 as standard equipment. The 2021 Nissan Murano earned […]
Tuesday Ticker: April 6, 2021
Toronto, Ontario — Li-Cycle announces its participation in a run of investor events, Tesla reports strong sales numbers in spite of microchip shortage and FCA also releases it’s Q1 financial report, in this week’s Tuesday Ticker. Investor Circuit Li-Cycle announced that it plans to participate in several upcoming investor events, beginning this week. The company […]
EV/AV Report: April 5, 2021
Toronto, Ontario – In this week’s electric and autonomous vehicle report, Ford posts impressive EV sales from the past year, Purolator deployed five new emissions-free delivery vehicles in Vancouver and a Toronto-based graphite mining company announced a deal to better position themselves in the battery development sector. Mach-Speed Market Moves The Ford Motor Company is […]
Subaru Setting Pace: Automaker reports best March on record nationwide
Markham, Ontario — Subaru Canada has announced its best-ever March sales result with 5,386 vehicles sold nationwide. The Crosstrek and Outback led the way, and with strong performances throughout the entire Subaru lineup, said the OEM. Subaru’s March sales performance marks a 94.3 percent increase compared to the same month last year and represents Subaru […]
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