Business: Page 78

Business
Tuesday Ticker: Largest U.S. dealership chain sets sights on mobile repair startup; Li Auto reports record deliveries
Toronto, Ontario — American dealership chain AutoNation adds a mobile repair chain to its portfolio and a China-based EV maker sees a stellar reaction to its recent delivery numbers in the first Tuesday Ticker of 2023. AutoNation everywhere AutoNation has announced its acquisition of mobile repair service RepairSmith, with the deal set to close during […]
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Training
Class at Camosun: B.C. college receives donation to support women in trades
Victoria, British Columbia — Camosun College has received a $1.285 million donation the college says will help open the doors to more women pursuing a career in a range of Red Seal trades programs. The gift from The Gwyn Morgan and Patricia Trottier Foundation is the second time the foundation has supported the Empowering Women […]
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People
Moves for Murray: Boyd Group announces interim CFO
Winnipeg, Manitoba – The Boyd Group recently announced the appointment of Jeff Murray as interim CFO, effective January 1, 2023. On August 10, 2022, Boyd announced the planned retirement of Pat Pathipati from the role of Executive Vice President & CFO, effective December 31, 2022. The previously announced search to succeed Pat Pathipati in the role of […]
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Business
BUSINESS NEWS
INSIDE TESLA’S WALLET Tesla’s recent decision to stop using ultrasonic sensors (USS) in its cars will reportedly save the electric automaker roughly US$114 per vehicle, said Mike Lane, an analyst from Munro & Associates. While the figures have not been verified by Tesla, Lane said each Tesla comes equipped with about a dozen USS, at […]
BUSINESS NIBS
Recycling
The Race to Recycle: Recyclers clamouring for industry control ahead of coming EV battery influx
Toronto, Ontario — The issue of electric vehicle battery recycling received some mainstream exposure in the New York Times this week, as several members of the automotive aftermarket spoke out about the deluge of dead EV batteries bound for recycling yards sooner than many previously expected. Nick Castillo, manager of an LKQ plant in California, […]
Collision Repair
Underachievement Unlocked: 2022 may have seen lowest auto sales in more than ten years, automotive consultants say
Toronto, Ontario — Annual light vehicle sales volumes for 2022 are on track to break the 1.5 million purchase volume maintained for more than a decade, according to an estimate from market research company, DesRosiers Automotive Consultants (DAC). Specifically, they predict that 2022 will wrap up with sales below 1.5 million units due to November’s […]
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Popularity Contest: Ford F-150 remains Canada’s most sought-after vehicle, Honda Civic surges in popularity
Toronto, Ontario — Canadian automotive marketplace AutoTrader unveiled a report last Thursday concerning car shopper preferences in 2022, indicating that luxury and mainstay vehicles remain the most popular vehicles, with interest in more economic options driving other contenders towards the Top 10. Impressively, the Ford F-150 holds strong as Canada’s most sought-after vehicle for the […]
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Industry Insider: Building solutions to the supply chain shortage | Dayle Thys of LKQ
Toronto, Ontario — On this episode of Industry Insider, “Building Solutions to the Supply Chain Shortage” Collision Repair’s James Kerr speaks with Dayle Thys, District Manager C3 Western Canada for LKQ. We discuss the struggles shops are facing, and what you can do about it.
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Regional Tradeoffs: Panel ruling favours Canada and Mexico in 2020 US-Mexico-Canada Agreement dispute
Washington D.C., United States — Mexico and Canada have won a dispute with the United States regarding cars shipped across regional borders, according to a report first published by Bloomberg. According to people familiar with the decision, a publicly unavailable report by the 2020 US-Mexico-Canada Agreement’s dispute-resolution panel made a ruling loosening the formula deciding whether […]
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Tuesday Ticker: VINFast files IPO; Ottawa seeks EV manufacturing investments
Toronto, Ontario ⁠— It’s time for your weekly automotive business economics report. This weekly Tuesday Ticker covers VINFast’s anticipated initial public offering announcement, plus the federal government’s rumoured response to the U.S. Inflation Reduction Act. VFS⁠—coming soon to a ticker near you Vietnam-based EV maker VinFast revealed last week that it has filed for an […]
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Another Use for the Used: Standard Auto Wreckers leads Markham firefighters to Miami auto-extrication competition
Miami, Florida ⁠— The Markham, Ontario fire crew was in Miami last month to show off the emergency auto extraction skills the team has gained through its regular training sessions at Scarborough, Ont.’s Standard Auto Wreckers. The team trains on-site at the auto recycling yard every week⁠—twice a week when the competitions come close. Training […]
Tuesday Ticker: CAMI kicks off electric delivery truck production; Rivian makes first deliveries to B.C. market
Toronto, Ontario ⁠— In this weekly economical report, General Motors starts up EV assembly lines in Ontario; Rivian makes its first Canadian deliveries and promises increased production in Q4 while the Canadian pension fund offloads some electric shares.  Bring on BrightDrop The CAMI Assembly plant in Ingersoll, Ont.⁠—which General Motors spent seven months and more […]
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