Business: Page 66

Business
Up, Up and Away: LKQ reports full-year 2023 revenues up 8.4 percent; Uni-Select acquisition ‘ahead of schedule’
Chicago, United States ⁠— LKQ has reported its Q4 2023 and full-year 2023 financial results, with annual revenues up 8.4 percent over 2022, ringing in at US$13.9 billion. Fourth-quarter revenues were US$3.5 billion, a 16.6 percent increase compared to Q4 2022. For the full year 2023, parts and service organic revenue increased 4.7 percent; foreign […]
lkq
Collision Repair
Tuesday Ticker: Tesla rakes in regulatory credit cash from other automakers; Stellantis sees significant profit drops
Toronto, Ontario ⁠— It’s eyes on automakers in this weekly Tuesday Ticker as Tesla rakes in cash from other automakers, while Stellantis reveals that profits fell 10 percent in the latter half of 2023 due to United Auto Workers strike action.  Regulatory revenues Tesla continues to earn funds in regulatory credit revenue, despite the OEM’s […]
carbon credit
Industry Conferences
A Trip Across the Pond: OARA announces 2024 auto recycling trip to England
Toronto, Ontario — The Ontario Automotive Recyclers Association (OARA) has announced a proposed itinerary for a trip to England to sightsee and visit English automotive recyclers. The initial itinerary notes that the trip—taking place June 15 to 23—is a “cross the pond learning opportunity to see how (England) processes vehicles, prepares for electrification, and to […]
Network
Get Connected Today: International Roundtable on Automotive Recycling to meet for virtual webinar
Toronto, Ontario — The International Roundtable on Automotive Recycling’s (IRC) first online meeting is scheduled for today, February 15, at 10 am EST. While the meeting was originally scheduled to be in person, the global pandemic has limited travel options for some attendees. However, Steve Fletcher notes that “the very intent of the IRT—to collaborate […]
Business
BUSINESS NEWS
COLOR COMPASS’ CONTRIBUTION ProSpot International has honoured Color Compass as its 2023 Canada Distributor of the Year. ProSpot noted Color Compass received this award as a result of aiding in refocused efforts in bringing equipment solutions to customers. A focus on mobile weld stations, rivet and bonding stations, along with an emphasis on service and […]
NIBS_sitegraphicsbusiness
Business
Collision Kings launches sale and investment solicitation process to sell all or part of Alberta-based MSO
Calgary, Alberta — Alberta-based multi-shop operator (MSO) Collision Kings has launched a sale and investment solicitation process after the company sought and obtained protection under the Companies’ Creditors Arrangement Act (CCAA) pursuant to an order granted by the Court of King’s Bench of Alberta. FTI Consulting Canada was appointed as Monitor for the CCAA proceedings, […]
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Tuesday Ticker: PPG, Axalta, AkzoNobel report Q4 and full-year 2023 results
Toronto, Ontario — This weekly Tuesday Ticker is focused on coatings performance for Q4 and full-year 2023. Check out earnings and reports from PPG, Axalta and AkzoNobel in this week’s feature. PPG marks more records PPG reported record fourth-quarter sales for 2023, with net sales of $4.4 billion, up four percent year-over-year. For the full […]
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Tuesday Ticker: Stellantis shuts down merger speculation; EV automakers continue to drop
Toronto, Ontario ⁠— In this weekly automotive economics report, Stellantis shuts down merger rumours, while EV stocks continue to slip, keeping up with the 2024-thus-far trend. Stellantis slices down rumours Stellantis chairman John Elkann has commented on press speculation that the automaker was considering a merger with French OEM Renault, saying there is “no plan […]
no merger
Champs of Karting and Collision: CCS treats Collision Centre of the Year team to night of go-kart racing
Toronto, Ontario — A good team is hard to find—and when you do find one, it’s important to celebrate achievements. Consolidated Collision Services has taken note of this—the company hosted its 2024 Collision Centre of the Year winners, Mercedes-Benz Collision Oakville, at K1 Speed Karting last week to celebrate the team’s achievement.  According to a […]
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A Helpful Hierarchy: Automotive Recyclers Association releases a Battery Use Materials Hierarchy chart
Toronto, Ontario — The Automotive Recyclers Association (ARA) has recently published a Battery Material Use Hierarchy chart to aid in the environmental transparency of battery recycling. The Battery Material Use Hierarchy chart emphasizes the need for the highest and best use for batteries after they have served their initial purpose. Notably, the chart indicates that […]
IAA
IAA BID. BUY. REPAIR. CALL US TODAY! 1-866-485-4285 ADDRESS 90 Burnhampthorpe Road W Mississauga, ON, Canada L5B 3C3 WEBSITE ca.iaai.com IAA IMPACTING THE CANADIAN AUTOMOTIVE INDUSTRY For IAA, celebrating 40 years in Canada is far more than a milestone— it’s a testament to the company’s continuous evolution, its embrace of technology and innovation and commitment […]
Tuesday Ticker: Rivian hires longtime Apple hardware designer
Toronto, Ontario ⁠— In this weekly Tuesday Ticker, Rivian goes Apple picking for new hires, while AutoCanada marks a date for its Q4 2023 and full-year 2023 results call.  AutoCanada’s annuals Edmonton-based dealer group, AutoCanada, will release its financial results on Thursday, March 7, 2024, before the markets open, the company announced this past Monday […]
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