Business: Page 76

Network
CAT CATCHERS
Automotive Recyclers Association recognized as a critical player in combatting catalytic converter theft By Emil Nusbaum Over the last two years, the Automotive Recyclers Association (ARA) has been working with US legislators, regulators, law enforcement, industry stakeholders, and state affiliates on providing effective solutions to deter catalytic converter theft. Professional automotive recyclers have been primary […]
Business
Cash Count: Uni-Select reports Q4 2022, full-year financial results; FinishMaster growth driven by price increases
Boucherville, Quebec ⁠— Uni-Select reported both full-year and Q4 2022 financial results on Friday.  For Q4 2022, consolidated sales for Uni-Select were $424.8 million, up $24.6 million or 6.2 percent from Q4 2021. The company’s FinishMaster U.S. segment reported sales of $173 million for Q4 2022, an increase of 3.4 percent, primarily driven by price increases. […]
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Network
ANOTHER USE FOR USED
Scrap cars and life-saving training By Allison Rogers Standard Auto Wreckers has formed a special relationship with some local heroes. The company’s Scarborough, Ontario-based yard welcomes the Markham firefighters’ auto extraction team every Wednesday morning, where the team trains on new scenarios they could very well be faced with a real-life emergency. The crew takes […]
Recycling
Gone too Soon: High repair cost driving many Teslas to salvage prematurely, Reuters says
Toronto, Ontario — Tesla has been talking big about its in-house insurance platform recently, and how it is providing insights on potential design improvements, but some recent reporting from Reuters has found that far too many of the electric automaker’s vehicles are turning up as salvage prematurely. In a compilation of 120 Model Y vehicles […]
Network
WELCOME TO 2023
Another standout edition of Canadian Auto Recyclers Welcome to the 17th edition of the Canadian Auto Recyclers magazine. The Automotive Recyclers of Canada (ARC) have collaborated with Media Matters since the inception of the CAR Magazine to bring you the best of the world of auto recycling across Canada. Full of news, industry profiles, and […]
Business
Logistics Link: Uniparts O.E.M. Canada announces strategic partnership with Elite EXTRA!
Toronto, Ontario ⁠— Uniparts O.E.M. Canada announced yesterday that it will
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Up at Axalta: Revenues up nine percent year-over-year, driven by ‘higher average price’
Toronto, Ontario — Axalta Coatings posted earnings of 20 cents per
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BUSINESS NEWS
A POWERFUL PAIRING 3M has extended its status with the International
BUSINESS NIBS
Paint Profit: AkzoNobel grows revenue on increased pricing
Toronto, Ontario — AkzoNobel reported its Q4 2022 and full-year 2022 financial results on Tuesday, with increased revenues driven by price increases. The company reported a 13 percent revenue increase for the full year 2022, compared to 2021. Pricing was up 14 percent. Operating income for the year was reported at €708 million (2021: €1,118 […]
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First-Place Franchise: CARSTAR ranked first in collision repair category on Entrepreneur Magazine Franchise 500 list
Charlotte, North Carolina — CARSTAR was ranked number one in the collision repair category and 248th overall on the 2023 Entrepreneur magazine Franchise 500 list. This is the sixth consecutive year the company has be named among the franchises featured on the acclaimed magazine list. Entrepreneur’s evaluation formula involves the assessment of costs and fees, […]
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Tuesday Ticker: Rivian, VINFast reveal layoffs; Canadian Tire shares climb 12 percent year-to-date
Toronto, Ontario — This week, two electric vehicle makers announce job cuts in the North American market while Canadian Tire revives its share prices. Relieved from Rivian Rivian is laying off six percent of its workforce, CEO R.J. Scaringe announced in an email to employees last week. Analysts suspect the layoffs to be prompted by […]
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Open Forum: ARC to host invite-only roundtable event one day prior to March OARA convention
Toronto, Ontario — The Automotive Recyclers of Canada (ARC) will be welcoming a select few influential industry members to an exclusive invite-only roundtable discussion on electrification and the end-of-life vehicle sector, one day prior to the upcoming OARA Convention and Trade Show in March. This high-level industry event will feature presentations from experts like Maria […]
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