Business: Page 70

Events
Supporting the Cause: Color Compass donates $5,000 to BC Wildfire initiatives
Kelowna, British Columbia — Color Compass has donated $5,000 to the Canadian Red Cross Fires Appeal and the United Way for BC Wildfire Recovery, the jobber announced via a LinkedIn post last Thursday. “It’s truly inspiring to see the dedication to making a difference in the face of such important challenges in the BC Wildfire […]
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Business
Soaps it Up: CARSTAR Canada recognizes Newmarket location for charity event
Newmarket, Ontario — Summer may be winding down, but fundraising totals are rounding up for CARSTAR Newmarket, owned by Romena and Bisram Deokinandan.  In July, CARSTAR Newmarket hosted its fifth annual Soaps it Up event, a community car wash geared to raise awareness and funds to support research, advocacy and care for survivors of cystic […]
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EV
Tuesday Ticker: VinFast’s massive valuation; Rivian raises production forecast
Toronto, Ontario ⁠— This week’s Tuesday Ticker covers VinFast’s valuation increase and Rivian’s decision to up production guidances for 2023.  Viva la VinFast VinFast went public on the Nasdaq last week, with a whopping US$85 billion valuation⁠—almost twice that of General Motors or Ford, the two largest automakers in the U.S. The Vietnamese EV maker […]
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Business
Bumpers and Breakfasts: Bumper to Bumper launches nation fundraiser with Breakfast Club of Canada
Boucherville, Quebec — The Bumper to Bumper family is thrilled to announce an agreement with Breakfast Club of Canada to launch a nationwide fundraising campaign under the theme “Long Live Our Kids”. Driven by a shared commitment to our communities, this agreement reflects our common mission to foster the growth and success of Canadian children […]
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Training
Training
CRASH OF THE TITANS An exciting new autobody competition is set to kick off in September in Port Coquitlam, B.C. The inaugural Crash of the Titans Collision Repair Competition is set to take place at Kirmac Collision in Port Coquitlam on September 23. Organizers announced that registrations are now open for competitors to throw their […]
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Network
Three’s Company: IAA adds three enhancements to selling platform
Westchester, Illinois — IAA has announced three enhancements to its selling platform: IAA Vehicle Score™, IAA Vehicle Value™ and the IAA Sales Decision Center™, all of which work together to provide vehicle sellers with information that is critical in helping to optimize their auction strategies for greater returns,” wrote Ritchie Bros. (RB) Global, IAA’s parent […]
On Cloud Ninety: Simplicity Car Care opens 90th collision centre
Guelph, Ontario — Simplicity Car Care has announced the grand opening of its 90th location, in Guelph, Ont., owned and operated by Joe Logal. Logal’s established presence in the Guelph community, dedication to customer service, and quality work have earned him an exceptional reputation, wrote Simplicity in its press release. Logal said he is excited […]
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Tuesday Ticker: VinFast approved for Nasdaq IPO stock listing; Martinrea reports records
Toronto, Ontario — This week, VinFast gets approval to list on Nasdaq; Axalta reports its Q2 2023 results and auto parts manufacturer Martinrea doubles its adjusted net earnings compared to Q2 2022. Go for VinFast Vietnamese electric vehicle manufacturer VinFast will soon trade on the Nasdaq, following the approval of its merger into a special […]
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Strong Collision Performance: AutoCanada reports Q2 results, gross profit up 14.1 percent
Edmonton, Alberta — AutoCanada reported its Q2 financials last Thursday, where it stated its parts, services and collision repair operations had a “robust performance.” Consolidated gross profit increased to $318.7 million, up 14.1 percent. The primary drivers of gross profit were higher new vehicle sales volumes and strong performances from AutoCanada’s used retail vehicle division; […]
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Repairer Rodeo: Simplicity Car Care hosts annual Stampede party
Calgary, Alberta — Simplicity Car Care once again hosted the car care industry at their annual Stampede party last month. “The best part is that we had people from as far away as Texas, people from every province in Canada, and partners and friends from every part of the industry,” said Greg Wing, director of […]
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Eyes to Canada: Wawanesa to sell U.S. subsidiary for ‘focus efforts on home market in Canada’
Winnipeg, Manitoba — Wawanesa has entered an agreement to sell its U.S. subsidiary, Wawanesa General Insurance Company, to focus its efforts on the Canadian market, the insurer announced on Aug. 1. “We believe it’s the right time to concentrate on our home market,” said Jeff Goy, president and CEO of Wawanesa. Goy did not specify […]
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Tuesday Ticker: Magna raises annual forecast; shares drop at Driven Brands
Toronto, Ontario — In this weekly Tuesday Ticker, Magna raises its annual outlook amid stellar Q2 financials; Nikola hires its fourth CEO and Driven Brands sees some stock dips. Mega Magna Magna International reported its Q2 financials last week, beating out analyst estimates with 17 percent revenue growth, to $10.98 billion, the company said Friday. […]
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