News
Business
People
Technology
Training
Buyer's Guide
Sign In
HR
Independent
MSO
Network
Operations
Processes
Profitability
Training
Business: Page 24
Tuesday Ticker: Tesla reportedly seeking lower tariffs for Chinese-built units; CAMI Assembly Plant workers authorized to strike
Toronto, Ontario — In this weekly Tuesday Ticker, Unifor authorizes workers at Ontario’s CAMI Assembly Plant to strike, should an agreement not be met in talks later this month. Meanwhile, Tesla reportedly seeks lower tariffs for its Chinese-built models following the government’s recent announcement. Strike watch Unifor members working at the General Motors CAMI Assembly […]
Tuesday Ticker: Advance Auto Parts sells Worldpac to former Axalta owner; Canada imposes tariffs on Chinese-made EVs
Toronto, Ontario — Advance Auto Parts sells its Worldpac unit to a private equity firm and Canada announces tariffs on Chinese-made electric vehicles in this weekly Tuesday Ticker. Selling Worldpac Advance Auto Parts has sold its Worldpac unit for US$1.5 billion, the company announced last Thursday. The sale is part of Advance Auto Parts’ latest […]
Rail Delays: Potential Canadian railway strike could impact auto parts shipments
Ottawa, Ontario — Canada’s two largest railways could initiate strike action as soon as this Thursday, potentially impacting shipments of automobiles, auto parts, chemicals, agricultural products and more. The Canadian Pacific Kansas City and Canadian National railroads handle about 40,000 carloads of freight every day. Both companies’ labour agreements expired at the end of 2023; […]
Tuesday Ticker: AutoCanada reports Q2 2024 financial results; Rivian pauses Amazon van production
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada announces its Q2 2024 results and says it’s performing a “strategic review” of its non-profitable and non-core operations, while Rivian stocks dip due to a production pause. About AutoCanada AutoCanada’s Q2 2024 total sales decreased 8.8 percent year-over-year, and the company is performing a “strategic review” […]
Shifting Gears: New Rivian R1 vehicles have ‘hundreds’ of design, engineering, performance changes
Normal, Illinois — Rivan’s recent retooling efforts have “reduced [vehicle] complexity and lowered the cost associated with the vehicle body with a heavy emphasis on removing parts, processes and steps,” according to Rivian CEO R.J. Scaringe. Scaringe said the changes have reduced nearly 1,500 joints and contributed to an expected 30 percent improvement in the […]
Tuesday Ticker: Rivian reveals Q2 results; AutoCanada set to report Q2 financials Aug. 13
Toronto, Ontario — In this Tuesday Ticker, Rivian reports its financial results for the quarter ending June 30, 2024, while maintaining its full-year guidance for 2024. Also in this weekly report: AutoCanada preps to announce its own Q2 numbers. Rivian report Rivian’s revenue for Q2 2024, rang up to US$1.16 billion, though the EV maker’s […]
Boyd’s Books: Boyd reports Q2 2024 financials; Internalization of scanning and calibration, repair-first strategy drive improved margins despite softening sales
Winnipeg, Manitoba — Boyd Group Services, which operates the Boyd Autobody and Glass and Assured collision networks, reported its second-quarter financials on Thursday. For the quarter ended June 30, 2024, Boyd Group Services posted net earnings of US$10.8 million, compared to US$26.3 million in the same period of 2023. Factors impacting net earnings, according to […]
BUSINESS NEWS
CONNECTING IN CALGARY Fix Network Canada hosted strategic partners at its Calgary training centre for an estimating course designed to review and refine collision repair estimating skills. According to Philippe-Andre Bisson, director of marketing and communications, Fix Network, the training was facilitated by Tim White, senior services consultant at AkzoNobel. A total of 22 attendees […]
Tuesday Ticker: Hertz to ‘accelerate’ sale of Tesla fleet; BYD seeks EV tariffs discussions with Ottawa
Toronto, Ontario — In this weekly Tuesday Ticker, Hertz plans to ditch more of its Tesla fleet, while BYD informs the federal government of its plans to enter the Canadian market. Hertz hurts Not only is vehicle rental company Hertz accelerating its plan to sell 100,000 Tesla units; but the company also plans to sell […]
Props to Preston Chevrolet: UniParts O.E.M. welcomes Preston Chevrolet to trusted network
Langley, British Columbia — UniParts O.E.M. has announced the addition of Preston Chevrolet as its newest dealership in British Columbia, further expanding its trusted network of OEM parts suppliers. According to a recent press release, this collaboration underscores the company’s commitment to providing exceptional service and high-quality automotive parts to collision centres across the B.C. […]
Tuesday Ticker: Tesla advises ‘notably lower’ growth rate in 2024; Stellantis struggles in North America
Toronto, Ontario — In this weekly Tuesday Ticker, Tesla shares take a hit as CEO Elon Musk advises “notably lower” growth in 2024 compared to what was experienced in 2023. Plus, Stellantis struggles to gain its foothold in the North American market. The Tesla tumble Shares of Tesla dropped 11 percent last Wednesday as the […]
Tuesday Ticker: Federal government weighs options on Chinese EV tariffs; PPG reports Q2 financials
Toronto, Ontario — In this weekly economics report, the Canadian government continues tariff talks, with insight from a supply chain expert. Plus, PPG reveals its Q2 2024 financials. Canadian considerations The federal government is currently engaged in conversations on whether to impose tariffs on the import of Chinese-made electric vehicles. The Globe and Mail reported […]
Previous Page
Page 24 of 119
Next Page
Product of the Week
Presented by Axalta Coating Systems
Cromax® EZ: Easy to mix. Easy to match. Easy to apply.
LEARN MORE
