Business: Page 68

Business
New to the Nation: Certified Collision Group comes to Canada; Rebecca Fyfe named VP Sales
Toronto, Ontario — Certified Collision Group (CCG) has announced that it has brought its business model of supporting independent collision operators to Canada, with 15-year industry veteran Rebecca Fyfe to serve as vice president of sales for the region. “Our affiliates in Canada deserve only the best, Rebecca’s passion for the Canadian Collision space is […]
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Collision Repair
Tuesday Ticker: Rivian’s latest relationship; Analysts cut Tesla price target predictions
Toronto, Ontario ⁠— In this weekly Tuesday Ticker, Rivian sees its stocks soar; analysts fiddle with Tesla price targets; and Volkswagen makes the first steps toward its St. Thomas, Ontario battery headquarters. Rivian’s latest relationship Rivian saw its stock soar almost 15 percent over five days, following a major deal announcement. Rivian will sell its […]
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Business
G-Class Grievances: Ontario G driving test changes done without safety evaluations, auditor general finds
Toronto, Ontario — A decision to remove certain elements of the Ontario G class driving test was made without safety evaluations or formal cabinet approval, says Ontario’s acting auditor general Nick Stavropoulos. Specifically, in his 2023 Annual General Report, Stavropoulos noted that a change to the test which removed “duplicative” elements such as emergency stops, […]
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Business
BUSINESS NEWS
SELECTING UPGRADES Uni-Select has announced the acquisition of Auto Parts Central and Central Canada Industries in a move aimed at expanding the company’s footprint in Ontario, Manitoba and Saskatchewan. The network currently consists of 14 locations across Ontario, Manitoba and Saskatchewan, and a workforce of 170 employees across all locations. “We are truly honoured to […]
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General News
Striking Lightning: Ford slashing F-150 Lightning production in 2024 sighting weak customer demand
Toronto, Ontario — Ford Motor Company is planning to slash production of the F-150 Lightning next year to half its current levels. This pullback comes just months after Ford completed factory upgrades that increased production capacity to 150,000 Lightning trucks per year. In August, Ford resumed production of the F-150 Lightning at the Rouge Electric […]
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Business
Tuesday Ticker: Rivian could benefit from Cybertruck rollout, says analyst and investor; November new Canadian car sales grow 20 percent
Toronto, Ontario ⁠— This week, we look at Rivian’s performance following Tesla’s Cybertruck rollout. Plus, DesRosiers celebrates a stellar month for new vehicle sales in Canada. Battle of the pickups  Some analysts believe Rivian is poised to gain from Tesla’s Cybertruck launch and rollout. One analyst, managing partner of the Future Fund (and Tesla investor) […]
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TRAINING
JILL OF ALL TRADES Centennial College hosted its second Jill of All Trades event on October 24 to help inspire young women in high school to consider careers in the skilled trades and technologies following graduation. The full-day event took place at Centennial’s Ashtonbee campus in Scarborough. More than 100 students from school boards across […]
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Reliability Ratings: Consumer Reports reveals EVs are more reliable than PHEVs, but less than ICE vehicles
Toronto, Ontario — Electric vehicles have 79 percent more reliability problems on average than combustion cars, most of which occur in the high-voltage battery system, according to Consumer Reports’ (CR) latest Annual Auto Reliability Study. In 2023, CR gathered data on more than 330,000 vehicles from the 2000 to 2023 model years, as well as […]
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Tuesday Ticker: Government billions over the battery budget, says report; Rivian makes production progress
Toronto, Ontario ⁠— In this weekly Tuesday Ticker, provincial and federal governments face flack for going a few billion over budget, while Rivian finally makes an inch of progress on its second production facility. Billions over the battery budget A new report from the Parliamentary Budget Officer says the Canadian government is almost six billion […]
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Tuesday Ticker: Paint providers mark Q3 gains
Toronto, Ontario ⁠— In this weekly Tuesday Ticker, we’re looking at the Q3 performance of two paint giants⁠—Axalta and PPG⁠—both of which reported strong performances for the three months ending Sept. 30, 2023. Plus, shout out to Sherwin Williams for marking some significant net sales from U.S. and Canadian storefronts.  Axalta aces Q3 Axalta said […]
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Big at Boyd: Boyd Group added 21 collision centres in Q3 2023, according to financial results
Winnipeg, Manitoba — Winnipeg, Manitoba-based Boyd Group Services reported its Q3 results on Friday, where the network said it added 21 locations to its portfolio during the quarter–17 via acquisition and four start-ups. The company reported 17.9 percent growth in sales, reaching $737.8 million compared to $625.7 million in the same period of the previous […]
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Tuesday Ticker: Magna blows analysts’ minds; Toyota potentially seeks financial assistance
Toronto, Ontario ⁠— In this weekly Tuesday Ticker, Magna blows analyst expectations out of the water and sees shares jump almost 15 percent; while a government source teases that Toyota could soon seek Ottawa’s assistance in its shift to EV assembly. Magna’s shares move Magna saw its shares surge last Friday as the Aurora, Ont.-based […]
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