Business: Page 139

Disorder at the Border: Inconsistent border enforcement costing Canadian manufacturers, officials say

Windsor, Ontario – Auto industry officials are warning that inconsistent enforcement at the U.S.-Canada border has the potential to cost Canadian companies jobs, as several multi-million dollar deals have already fallen through the cracks. Members of Canada’s automotive supply chain have been appealing to the federal government to establish more consistent COVID-19 precautions at the […]

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Open for Business: Canada opens new advanced materials research facility

Mississauga, Ontario — The National Research Council of Canada (NRC), opened a new advanced material research facility in Mississauga, to serve as a national clean energy hub. NRC Mississauga research facility will be focusing on the technologies for accelerating discovery and innovation in new materials, most prominently Al-driven robotics experimental platforms termed ‘Material Acceleration Platforms,’ […]

Leading the Way: 2020 Outstanding Leadership Award presented to Paul McCarthy

Toronto, Ontario — Paul McCarthy, president, and COO for Automotive Aftermarket Suppliers Association (AASA) has been awarded the 2020 Outstanding Leadership Award in honor of Jack Creamer by the Automotive Warehouse Distributors Association (AWAD). The award is considered as the automotive aftermarkets’ highest honor, and was presented on Mon., Nov. 16, 2020, during a virtual […]

Electric Slide: Quebec to ban sale of gas-powered cars by 2035

Quebec City, Quebec — Premier Francois Legault announced Monday a $6.7 billion plan to reduce greenhouse gas emissions will see the sale of new, gasoline-powered cars and SUVs banned in Quebec by the year 2035. The new policy will assist the province in meeting its pledge to reduce emissions by 37.5 per cent over 1990 […]

October Ups: Toyota Canada reports fourth straight month of record electrified vehicle sales, up 30.3% in October

Toronto, Ontario — Toyota Canada Inc. reported its fourth consecutive month of record electrified vehicle sales, up 30.3 percent with 4,558 units sold in October, and now representing 21.6 percent of its overall sales on the strength of rising demand for vehicles such as the Toyota Highlander Hybrid, RAV4 Hybrid, Camry Hybrid, Lexus UX, and […]

Beaming at BASF: Company named one of Canada’s top employers for 2021

Mississauga, Ontario — BASF Canada has been recognized by Mediacorp as one of Canada’s top employers for the seventh consecutive year. This year, the ranking considered how corporations supported employees and communities during the COVID-19 pandemic. “Our employees are key to the successful implementation of BASF’s strategy. We are convinced of the value of creating […]

Tuesday Ticker: November 17, 2020

Toronto, Ontario ⁠— In this week’s Tuesday Ticker, the Boyd Group reports pandemic-affected Q3 earnings, citing Canada’s “slower economic reopening”; AutoCanada reports record-breaking numbers for the third quarter and Mercedes opens its vehicle tech up to Aston Martin in exchange for additional shares. Pushing through Last week, Winnipeg, Man.-based Boyd Group Services reported its third-quarter […]

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Up and At ’Em: Uni-Select reports upward swing for Q3

Boucherville, Quebec ⁠— Uni-Select Inc. announced its third-quarter financial results on Friday, reporting significantly improved results from the previous quarter. The company generated positive free cash flows of $33.4 million while reporting total net debt reimbursement of $46.8 million from “effective cash management compensating the effects of the COVID-19 pandemic,” according to an online release. […]

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Influential Investment: WIN lands major investment from AkzoNobel

Nashville, Tennessee — AkzoNobel is doing its part in trying to make the end of 2020 a positive experience for the automotive industry. AkzoNobel has once again committed to the Women’s Industry Network (WIN) as their exclusive diamond sponsor. This sponsorship will support many of WIN’s initiatives including scholarships, the most influential women program, mentoring […]

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Super Safety: Two all-new Toyota electrified SUV models earn 2020 IIHS Safety Awards

Toronto, Ontario — Two all-new electrified Toyota SUVs have been recognized with safety awards from the Insurance Institute for Highway Safety (IIHS). Built on the Toyota New Global Architecture (TNGA) platform, the 2021 Venza makes its return to Toyota’s product lineup after a four-year hiatus and shares the same platform as the other award winner, […]

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Big Win for Martinrea: Unifor’s investment boosts the Canadian auto industry

Vaughn, Ontario — Auto parts maker Martinrea International Inc. sees the benefits of recent Canadian investments announced by the Detroit three automakers, as the company recovers from the pandemic. Martinrea says it has so far booked $45 million in new business making propulsion systems for Fiat Chrysler and General Motor (GM), as well as $10 […]

Canadian Generosity: Federal government provides $350,000 regional EV charging grant

Ottawa, Ontario — The Canadian government is set to provide $350,000 to help the regional municipality of York build 70 EV level 2 chargers to be installed across the region. Federal funding provided through Natural Resources Canada’s Zero-Emission Vehicle Infrastructure Programme (ZEVIP), which supports the government’s target that all new passenger cars sold in Canada […]

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