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Business: Page 67
Collision Repair
Saputo on the Small Screen: Saputo Collision Group featured on local TV network
Hamilton, Ontario — Joe Saputo, owner of CARSTAR Ancaster, CARSTAR Ancaster West and CARSTAR Guelph, was recently visited by Hamilton, Ont. news network CHCH, where he delved into the inner workings of the shop to promote his services in the local market. In the segment, Saputo shows off the floor at CARSTAR Ancaster, showing reporter […]
General News
Freezing ICE: Toyota developing advanced internal combustion engines in the EV age, says chairman
Tokyo, Japan — Toyota chairman Akio Toyoda believes that internal combustion engine (ICE) vehicle models will “play a role” in achieving carbon neutrality—so the OEM will continue to produce “next generation ICE models.” “We will continue producing engines because they still play a role in achieving carbon neutrality,” Toyoda, former president and CEO of Toyota, […]
EV
Tuesday Ticker: Electric vehicle stocks suffer in the first weeks of 2024
Toronto, Ontario — The first few weeks of 2024 have brought major losses for some electric vehicle stocks, like Tesla, Rivian and Fisker. Tesla stock has dropped more than 14 percent since the start of 2024. Analysts believe the plunge is largely driven by rental car company Hertz’s decision to pull 20,000 Tesla models from […]
OEM Certifications
Calling on Keith: Keith E. Jones named collision strategy and program manager, DEKRA North America
Victoria, British Columbia — Keith E. Jones has been named collision strategy and program manager for DEKRA North America. This new role will see Jones support the BMW Canada Certified Collision Repair Centre program. Previously, Jones served as a regional development specialist for DEKRA, supporting various OEM certification programs, including BMW, Mercedes-Benz, Audi, Volkswagen and […]
Financial
Tuesday Ticker: Tesla shares drop three percent amid supply chain and other struggles; Toyota makes plans for a stellar year
Photo: Gigafactory Berlin-Brandenburg. Michael Wolf. Toronto, Ontario — In this weekly Tuesday Ticker, Tesla faces a triple threat of troubles, while Toyota makes plans to break production records for the second consecutive year. The NASDAQ remained closed on Monday due to Martin Luther King Day. Tumultuous times for Tesla Tesla is facing supply chain delays […]
People
Kavia’s Comeback: Raj Kavia named Canadian Manager, OEConnection/Certified Collision Care
Toronto, Ontario — Longtime industry member Raj Kavia has joined OEConnection as the Canadian Manager, OEConnection Certified Repair Network (CRN)/Certified Collision Care, he announced via LinkedIn on Tuesday. Kavia is the former owner of Kavia Auto Body in Saskatoon, Saskatchewan, which he owned from May 1992 to February 2019. During his time as owner/operator of […]
American Acquisition: SATA acquires Dan-Am company
Kornwestheim, Germany — SATA, a global leader in the field of liquid paint application equipment, is proud to announce that a joint agreement has been signed for Dan-Am Company to be acquired by SATA USA, a subsidiary of SATA GmbH & Co. KG in Kornwestheim, Germany. In its press release, SATA noted that, after years of […]
Mandell on the Mic: Mitchell International claims director to present top collision trends during Jan. 25 webinar
Toronto, Ontario — The Collision Industry Electronic Commerce Association (CIECA) has announced that its next webinar is scheduled for Thursday, January 25. The webinar, entitled “Top Collision Industry Trends to Watch in 2024,” will take place at 11 am PST; 1 pm CST; and 2 pm EST. A one hour session, the webinar will also […]
Tuesday Ticker: Honda eyes huge investment in Canada; Rivian marks production records
Toronto, Ontario — In this weekly Tuesday Ticker, Honda considers what could reportedly be its largest-ever investment, while Rivian grapples with a double-edged sword. Eyes on EVs According to weekend reports from Japanese news outlets, Honda is considering an $18 billion investment to build a Canadian electric vehicle plant. Reports came out on Sunday after […]
Bringing in Broadfield: Shawn Broadfield joins CrashBay as advisor
Toronto, Ontario — CrashBay is proud to announce the appointment of industry leader and innovator Shawn Broadfield to its executive team in the role of board advisor. Broadfield brings a wealth of experience to the role, having initiated and led enterprise solutions for claims. As a finance lead for Allstate Insurance for more than two […]
Tuesday Ticker: Two 2023 growth stocks; Xpeng, Toyota
Toronto, Ontario — In this, the first Tuesday Ticker of the year, we’ll look at two stocks that saw exponential growth in 2023—Chinese automaker Xpeng and fan-favourite Toyota. Eyes on Xpeng Analysts are looking at Chinese brands like Xpeng Motors for peak performance in 2024. Xpeng is expecting a “brighter 2024,” in the OEM’s own […]
Hello to Harmon: Driven Brands adds Damien Harmon to Board of Directors
North Carolina, United States — Driven Brands has announced the election of Damien Harmon of Best Buy to its Board of Directors, effective Jan. 1, 2024. Harmon is the senior executive vice president of customer, channel experiences and enterprise services for Best Buy Co. Inc., where he is responsible for the end-to-end customer experience and […]
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