Business: Page 60

Business
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 […]
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Recyclers in Reno: ARA to host 81st annual convention and expo in Reno, Nevada from October 23 to 26
Reno, Nevada — The Automotive Recyclers Association (ARA) Annual Convention and Expo will take place in Reno, Nevada, this year, from October 23 to 26 at the recently renovated Peppermill Resort and Casino. The convention and expo will see events such as nearly 50 automotive recyclers and industry experts sharing their insights on topics that […]
Business
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. […]
Business
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 […]
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Network
Help From Hardin: Trent Hardin assumes role of Executive Directorship of AARDA and direct responsibility for member CAREC audits in Alberta
Edmonton, Alberta — In a recent announcement, Trent Hardin has assumed the role of Executive Directorship of the Alberta Automotive Recyclers and Dismantlers Association (AARDA), and will further assume direct responsibility for the member Canadian Auto Recyclers Environmental Code (CAREC) audits in Alberta. Hardin has spent forty years in industrial operations in Alberta—starting with Syncrude […]
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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 […]
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An Andrade Announcement: Automotive Recyclers Association announces nomination for Tom Andrade to join the association’s Executive Committee
Toronto, Ontario — The Automotive Recyclers Association (ARA) has announced that Tom Andrade of Everett’s Auto Parts in Brocktown, Massachusetts, has been nominated to join the association’s Executive Committee. Specifically, Andrade has been nominated to join the committee as a secretary for the 2024 to 2025 period. Andrade is currently the controller and general manager […]
Environmental Efforts: IRT’s webinar, ‘Vehicle Recycling: Sustainable by Default and Driving the Charge” highlights auto recyclers role in environmental sustainability
Toronto, Ontario — Held on July 11, the International Roundtable on Automotive Recycling (IRT) hosted the webinar “Vehicle Recycling: Sustainable by Default and Driving the Charge,” presenting a comprehensive overview on sustainability efforts being made in automotive recycling. Hosted by Haydn Davies, Director of Auto Recycling World and presented by Tom Rumboll, U.K. Managing Director […]
AI Empowered Capacity: MSO Sebastian Torres raves about Solera’s AI estimating, capacity planning at CARSTAR Velocity conference
In recent months, CARSTAR Torcam owner and general manager Sebastian Torres has implemented Solera’s AI-powered automated damage detection technology to manage capacity levels. In January, Torres’ Brantford store was about four to six weeks backlogged. By June, backlogs were down to one to two weeks. He told breakout session attendees that the results have been […]
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Emission Admissions: GM to pay $146 million in fines for 5.9 million vehicles that emit excess carbon dioxide
Toronto, Ontario — General Motors (GM) will pay nearly $146 million in fines to the United States federal government due to 5.9 million older vehicles not complying with emissions and fuel economy standards. According to the National Highway Traffic Safety Administration (NHTSA) in a statement last week, certain GM vehicles from the 2012 to 2018 […]
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Tuesday Ticker: Tesla, Rivian report Q2 deliveries
Toronto, Ontario — Rivian and Tesla mark increases in second-quarter deliveries, compared to Q1, with Tesla’s stock rallying in response in this Tuesday Ticker. Tesla closes the gap Tesla shares rallied last week, dropping as low as US$153.85 Tuesday but rising 63 percent through Friday’s close. CNBC reported the OEM capped a 27 percent share […]
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Kariuki Levels Up: Henry Kariuki promoted to Director of Operations Canada at Level5drive
Toronto, Ontario — Level5drive—a chain of ADAS calibration laboratories providing documented ADAS calibrations aligned with OEM repair manual directives—has announced the promotion of Henry Kariuki to Director of Operations Canada, effective immediately. In his new role, Kariuki will oversee all operational activities across Canadian operations, playing a pivotal role in driving strategic initiatives forward. A […]
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