Business: Page 124

ADAS
ADAS Acquisitions: asTech acquires Red EU and Red Autocentres
New York, New York – asTech, a portfolio company under Kinderhook Industries announced the acquisition of Red Limited and Red Autocentres yesterday. Red Limited is a distributor of aftermarket electronic devices designed to run diagnostic tests and calibration services on advanced driver assistance systems (ADAS). Red Autocentres provides automotive diagnostics, calibration and programming services for […]
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OEM Certifications
Premium Pact: BASF extends multi-year contract with Mercedes-Benz
Ludwigshafen, Germany — BASF has recently entered a multi-year contract with Mercedes-Benz in the Asia Pacific (APAC) region that extends its commercially approved supplier status with the car company to Australia, Japan, Malaysia, South Korea, Taiwan and Thailand. The pact builds on a similar 2019 contract with Mercedes-Benz in the Europe, Middle East and Africa […]
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Business
Tuesday Ticker: March 23, 2021
Toronto, Ontario ⁠— In this week’s Tuesday Tickers, U.S. officials set their eyes on Canada for EV material production, Porsche further considers the idea of an initial public offering and market analysts make wild predictions on Tesla’s future share prices. Scouting success On Thursday, the U.S. Department of Commerce is hosting a closed-door virtual meeting […]
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Technology
Revving Engines: Oro Station presents a wealth of opportunities to Canada’s auto tech industry
Oro-Medonte, Ontario ⁠— Young automotive technology whizzes will want to set their sights on the Oro-Medonte area for future careers. Oro Station, Georgian College’s new automotive technology hub currently under construction in Oro Medonte, Ontario, has the potential to bring waves of technological innovation to the region and the overall Canadian automotive landscape. The Oro […]
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Collision Repair
Production Pauses: DesRosiers shares motor vehicle assembly stats for 2020
Toronto, Ontario – According to DesRoisers Automotive Consultants Inc. (DAC), the year 2020 has not been kind to motor vehicle assembly in Canada. With plant shutdowns, models cut from automaker rosters, and production pausing during the pandemic, shipments for the motor vehicle assembly industry dropped 28.2 percent for the year. For the first time since […]
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Collision Repair
Welcomes of the Week: Ontario welcomes ProColor Collision Facility at Toronto Junction
Milton, Ontario — Daryll O’Keefe, regional vice president for Fix Network Ontario, is pleased to welcome ProColor Collision Toronto Junction to the network. ProColor Collision Toronto Junction is a second-generation, full-scale collision repair shop that has been operating in the region for more than four decades. Owner Paul Pires developed a keen interest in his family-run collision repair […]
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OARA Online: Organization to host weekly training series starting next week
Toronto, Ontario — As we charge through the second-straight March without the regularly-scheduled Ontario Automotive Recyclers Association’s (OARA) Convention and Trade Show, the organization has unveiled some exciting virtual training opportunities, with festivities kicking off next Thursday, March 25. The OARA Virtual Training Series will bring industry experts to your desktop (or phone or iPad) […]
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 […]
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The Grand Decision: ElectraMeccanica to build new Arizona, U.S. production facility
Vancouver, British Columbia — B.C.-based electric vehicle company ElectraMeccanica has announced it will be expanding its production out of China with a new U.S. factory in Mesa, Arizona. The proposed facility in Mesa will support ElectraMeccanica’s strategic plan to meet anticipated demand for its flagship EV, the three-wheeled Solo. When fully operational, the facility is […]
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Battery Boost: Lion Electric to open new battery factory with federal and provincial investment
Montreal, Quebec – Lion Electric announced the construction of a battery manufacturing plant and innovation center in Quebec. Prime Minister Justin Trudeau announced the construction of the facility with Marc Bédard, the CEO and founder of Lion Electric. “With today’s announcement, we are continuing to take steps to support our Canadian businesses, invest in innovation, […]
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Tuesday Ticker: March 16, 2021
Toronto, Ontario ⁠— Ontario embarks on a virtual trade tour to encourage business with California’s auto sector, Canadian Uber workers reject the company’s proposal to soothe tensions and Axalta acquires a Chinese wire-enamel company in this week’s Tuesday Ticker. Ontario on tour The Ontario government is currently leading 18 of what it calls “the province’s […]
Watch for financial reports and updates every Tuesday!
Quick-Paced Paints: AkzoNobel extends partnership with McLaren Racing
Nashville, Tennessee — McLaren Racing’s 2021 Formula 1 car will feature AkzoNobel’s high-performance coatings in an extension to the partnership established in 2008. As McLaren Racing’s Official Paints and Coatings Partner, AkzoNobel is providing its Sikkens vehicle refinish products for all painted parts of the MCL35M, as well as the team’s transport, garage and accessories. […]
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