Business: Page 129

General News
EV/AV Report: February 15, 2021
Toronto, Ontario – In this week’s electric and autonomous vehicle report, reports from China hint that Tesla’s Model Y may be further along than we thought, Toyota is gearing up to unveil a number of new electric offerings and Volkswagen and Microsoft have partnered up to develop a new AV platform. Tesla Tip Signs seem […]
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Business
Organization Achievement: CARSTAR first among collision repair on Entrepreneur mag’s Franchise 500 list
Charlotte, North Carolina — CARSTAR has been ranked first among collision repair companies in the Entrepreneur Magazine 2021 Franchise 500 list–the second franchise award this week for the company. The list is recognized by entrepreneurs and franchisors as a top competitive tool of measurement. The Franchise 500 placed CARSTAR 164th on the list and first […]
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OEM Certifications
Best in Class: Kia Rio awarded by J.D. Power.
Toronto, Ontario — The 2021 Kia Rio, a subcompact hatchback with a European-influenced design, has earned J.D. Power Canada Alg Residual Value Awards for 2021 in the subcompact segment.  ALG’s Residual Value Awards recognizes the vehicles segments that are projected to hold the highest percentage of the manufacturer’s suggested retail price (MSRP) after a four-year […]
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Business
Canada’s Black Employee Network: Cox Automotive BEN Hosts Global Inaugural Event to combat systemic racism
Mississauga, Ontario — Yesterday Cox Automotive Canada’s Black Employee Network (BEN) hosted more than 500 team members from Canada, Brazil, England, Europe, and the U.S. for its inaugural event.  Guided by BEN’s three pillars, the event celebrated the employee resource group’s (ERG) achievements thus far, educated team members on anti-black and systemic racism, and inspired […]
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Business
Up and Up: Wall Street analysts give Driven Brands bullish endorsement
Shares of Driven Brands Holdings Inc. rallied toward a fifth-straight gain Tuesday, after the newly public auto services company got a mostly bullish endorsement from Wall Street analysts, as a way to play the recovery in the auto industry. The stock DRVN has gained 16.7 percent during its win streak. IAs of Wednesday at 1:30 p.m. […]
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Collision Repair
Pandemic Profits: Honda raises 2020/2021 predictions
Tokyo, Japan – Despite Covid-19 slowdowns, Honda has seen some significant profit increases in the latest quarter, reporting a 67 percent increase globally based on higher demand and cost reductions.  In a statement released on Tuesday, the automaker noted an operating profit for three months, to Dec. 31 was 277.7 billion yen (CND$3.38 billion).  “Automobile […]
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Not Ford But Foss: The tale of Canada’s first gas-powered vehicle, the ‘Fossmobile’
Sherbrooke, Quebec — George Foote Foss was the first in Canada to invent his own gasoline-powered automobile in the spring of 1897.  He was only 21-years-old and called his masterpiece, the “Fossmobile.”  “We grew up listening to my grandfather and father tell stories of the ‘Fossmobile,’ and it was just something my whole family grew-up […]
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No Nickel, No Way: U.S. government held talks with Canada Nickel on supplying metal for EV batteries
Toronto, Ontario — Junior miner Canada Nickel Co. Ltd. has held talks with U.S. government officials about potentially supplying nickel for electric car batteries.  “It’s become very clear that there are large portions of the periodic table for which the U.S. has no local source of supply,” Canada Nickel chief executive Mark Selby said in […]
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Tuesday Ticker: February 9, 2021
Toronto, Ontario ⁠— Microchip shortages continue to plague Canadian plants with temporary shutdowns, DesRosiers reports Canada’s Jan. 2021 auto sales and Hyundai changes its stance on the rumoured Apple car partnership. Microchip mishaps General Motors is the latest automaker to initiate temporary layoffs at a Canadian plant alongside microchip shortages  General Motors said its CAMI […]
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Welcoming Wing: Simplicity Car Care welcomes Greg Wing as business manager for Western Canada
Toronto, Ontario — Canada Simplicity Car Care announced Thursday the appointment of Greg Wing as the business development manager for Western Canada.  He will be overseeing the development and execution of strategic franchise growth plans for the provinces of British Columbia, Alberta and Saskatchewan. Wing will be focusing on growing the network by identifying and […]
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CCIF Conversations: Donald Cooper’s ‘exit strategy’
Toronto, Ontario — If you need help planning a clear succession plan and exit strategy for your business, Donald Cooper is the man you need.  CCIF held its second virtual event on Feb. 3 and 4, 2021 and saw representatives from all sectors of industry present throughout the two-day event.  Cooper held his presentation on […]
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January Blues: DAC reveals big declines for Jan. 2021 auto sales
Richmond Hill, Ontario — If you can remember January 2020, when the pandemic was a mere “What if?”  Before the pandemic, DesRosiers Automotive Consultants Inc. (DAC) recorded January 2020 light vehicle sales and “unsurprisingly” found the month was the fourth-best January on record with estimated sales of 109,988 units.  But, due to the pandemic, January […]
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