Business: Page 71

Business
BUSINESS NEWS
PRICING PARADIGM The Boyd Group reported increases in its Q1 sales, driven by “higher repair costs due to increasing vehicle complexity…increased scanning and calibration services and general market inflation,” said the company. CEO Tim O’Day told investors during the earnings call that most of the company’s scanning and calibrations are completed by third-party sublets, though […]
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General News
Mission for Modules: GM’s CAMI plant to build facility for EV battery module production
Ingersoll, Ontario — BrightDrop Zevos and their batteries will soon be built in the same place, following Tuesday’s announcement that General Motors will build a battery module production facility on-site at Ingersoll, Ont.’s CAMI Assembly Plant. The announcement of this 400,000 square-foot facility was made alongside Unifor’s national president, Lana Payne, who expects this project […]
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Charging Infrastructure
No-name Network: Multi-OEM coalition to challenge Tesla with combined CCS/NACS network
Toronto, Ontario — An international coalition of seven major automotive brands announced the formation of a new company on Wednesday, which will see Tesla’s dominant Superchargers challenged by a new combined CCS/NACS network. Comprised of General Motors, Stellantis, Hyundai/Kia, Honda, BMW and Mercedes-Benz, this as-of-yet unnamed company plans to roll out more than 30,000 fast […]
ChargeNet
Collision Repair
Tuesday Ticker: Tesla Model Y dominates European car sales; U.K. watchdog investigates LKQ, Uni-Select deal
Toronto, Ontario — This week, Tesla marks a milestone with the Model Y while LKQ and Uni-Select reconvene to tackle concerns from the United Kingdom Competition and Market Authority. The Y in Europe The Tesla Model Y was Europe’s best-selling vehicle in the first half of 2023, according to numbers from DataForce. A total of […]
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Collision Repair
Money Moves: Axalta appoints Carl Anderson as CFO, SVP
Toronto, Ontario — A changing of the guard is underway at Axalta, as the global coatings developer announced Wednesday that Carl Anderson will be taking over for Sean Lannon in the position of senior v-p and CFO, effective Aug. 14. Having most recently served as CFO at XPO Inc., one of North America’s largest freight […]
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Recycling
Legislating the Loop: European Commission proposes amendments to ELV regulations
Brussels, Belgium — The European Commission put forth a proposal last week that seeks to amend the EU’s regulations on end-of-life vehicles (ELVs) for the purpose of enhancing “the circularity of the automotive sector.” This proposal, put forward last Thursday, is purported to generate about €1.8 billion net revenue by 2035, in addition to eliminating […]
Driven Day 1: Driven Brands companies gather in Montreal for annual conference
Montreal, Quebec — Driven Brands’ Evolution Conference kicked off yesterday, where its collision and glass franchisees, along with vendor partners and industry stakeholders, raised money for charity and witnessed stellar speaker presentations before celebrating opening night with a performance by beloved Canadian band the Arkells. Representatives from CARSTAR Canada, UniGlassPlus, VitroPlus, Docteur Du Pare-Brise, Go!Glass […]
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Tuesday Ticker: Competition for EV trucks and another quarter in the bag for AutoCanada
Toronto, Ontario — The completion of Tesla’s first Cybertruck puts pressure on its competitors in the EV space and AutoCanada prepares to delve into its Q2 financials during a call in August. Rivian recoils The unveiling of Tesla’s first Cybertruck off the assembly line dealt yet another blow to Rivian’s share prices. The news caused […]
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Meet Mr. Murray: Jeff Murray named CFO of Boyd Group
Winnipeg, Manitoba — Boyd Group Services has named Jeff Murray as its new chief financial officer. According to Boyd, Murray has already been serving in the role on an interim basis, following the retirement of Pat Pathipati at the end of 2022. Murray first joined Boyd’s finance department in  2004 and has served as VP […]
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Tuesday Ticker: Tesla launches new incentive program; Rivian questioned by shareholders
Toronto, Ontario —This week, we look into the effect of Tesla’s new global incentive program (available in Canada!) while Rivian celebrates success despite hefty accusations. Tesla’a latest move in the EV price war Tesla has launched a new incentive program allowing customers across the globe to get extra incentives through referrals from their pals. The […]
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A Fresh Coat: PPG names Alisha Bellezza v-p of automotive coatings
Pittsburgh, Pennsylvania — The global automotive coatings division at PPG has a new vice president, as the company announced the appointment of Alisha Bellezza to the position in a Monday press release. No stranger to the coatings and chemicals industry, Bellezza most recently spent the last eight years as president of thermal and specialized solutions […]
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Are You Going to AARDA: Alberta Auto Recyclers and Dismantlers to host meeting, convention Sept. 15-16
Calgary, Alberta — The Alberta Automotive Recyclers and Dismantlers Association (AARDA) will host its 2023 general meeting and convention on Sept. 15 and Sept. 16, the organization announced in a recent e-mail blast. This year’s convention will be held at the Hotel Blackfoot in Calgary, Alta., and is set to be jam-packed with issues relevant […]
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