Business: Page 80

Products
Reusable Aerosol Cans? Rexall Solutions unveils the Rex-Allbag at SEMA 2022
Las Vegas, Nevada — Rexall Solutions unveiled a brand-new product at SEMA 2022–the Rex-Allbag, providing the industrial sector with an innovative–and reusable–new approach to aerosol. “The beauty of it is, you buy the canister once and use it with whole lines of products,” says Ryan Rahbar, Rexall’s president. “The bottom of the can has this […]
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Network
Two for One: CARI convention, ARAAC board meeting to overlap in Halifax in June
Halifax, Nova Scotia — In what organizers are calling an unprecedented “mega-meeting” of Canadian auto recyclers under a single roof, the Canadian Association of Recycling Industry (CARI) has set a date for its eighty-second Annual Convention in Halifax. This year’s convention, currently slated for June 8 to 10, will see several high-profile recycling industry meetings […]
Collision Repair
Tuesday Ticker: AutoCanada marks ‘record-setting’ quarter; Toyota teases new Prius, despite low model sales
Toronto, Ontario ⁠— In this weekly Tuesday Ticker, AutoCanada reports its Q3 financial results, adding more than $45 million in acquisitions to its portfolio. Meanwhile, Toyota teases the fifth-generation Prius amid decreasing global sales numbers, and Volkswagen crosses a finish line far earlier than planned.  ‘Another record-setting quarter’ AutoCanada reported financial results last Wednesday, marking […]
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ADAS
Fishing for Frank: Opus IVS acquires AutoTechcelerators, wins product award at SEMA 2022
Toronto, Ontario — One of the North American auto industry’s most influential voices has a new home, as Frank Terlep’s Auto Techcelerators has now come under the ownership of Opus IVS, following an acquisition deal. This deal will see the convergence of Terlep’s line of popular CoPilot ADAS products with Opus’ numerous diagnostic scanning tools […]
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Collision Repair
What Stefano Saw: Collision Repair columnist cites trends seen on SEMA Show floor
Las Vegas, Nevada — From Nov. 1 through Nov. 4, Collision Repair mag was on-site at the SEMA Show, where more than 1,900 exhibitors set up extravagant displays to showcase what the modern collision repair world has to offer. Our reported Max Reid was able to catch up with Collision Repair mag columnist Stefano Liessi, who also serves […]
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Collision Repair
Can You Believe This?! featuring grocery cart wheel accessories, duct tape car finishes and more
Toronto, Ontario — Another Friday, another Collision Repair Can You Believe This?! This week, see what happens when you let your kids go crazy on your car finish; witness duct-tape DIY paint jobs; see the grocery delivery guy’s new whip and much, much more!
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Nickel and Dime: IBC criticizes ICBC for lowering payouts despite more accidents occurring
Victoria, British Columbia — A report by the Insurance Bureau of Canada (IBC) alleges that injury claims paid out by Insurance Corporation of British Columbia (ICBC) are falling more than in previous years, despite a trending increase in the number of accidents. ICBC has rebuked this claim as misinformation, with IBC saying that these claims […]
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We’ll Miss You, Mary: Mary Poirier to step down as Recording Secretary for ARC; Corey Earl joins Board
Ottawa, Ontario — After serving on the Automotive Recyclers of Canada’s (ARC) national Board of Directors for 13 years, Mary Poirier from Valley Automotive in Pembroke Ontario is stepping down after an incredible run of service. Mary was appointed to the Board of ARC as one of the Ontario representatives in 2009 and has held […]
Bought by the Bros: IAA Inc. purchased by B.C.-based Ritchie Bros. Auctioneers
Burnaby, British Columbia — Ritchie Bros. Auctioneers, a Canadian equipment marketplace based in Burnaby, B.C., said Monday that it would purchase U.S.-based IAA Inc. in a US$7.3 billion deal. The company said the deal aligns with Ritchie Bros.’ goal of diversifying into the salvage vehicle market. Ritchie Bros. touted a market cap of approximately US$6.9 […]
Tuesday Ticker: November 8, 2022
Toronto, Ontario ⁠— In this weekly Tuesday Ticker, a B.C.-based company buys IAA Inc. in a deal worth US$7.3 billion; Uni-Select reports favourable Q3 results in the face of an unfavourable dollar and Magna lowers its expectations for North America. Bros from Burnaby Ritchie Bros. Auctioneers, a Canadian equipment marketplace based in Burnaby, B.C., said […]
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Trade Wars: Canadian automotive and parts industries threatened by U.S. Inflation Reduction Act
Ottawa, Ontario – A recent bout of investment into the American automotive and battery industry may result in fewer Canadian manufacturing jobs, according to industry representatives speaking in the House of Commons. On Tuesday, Industry representatives raised concerns that investment from the U.S. Inflation Reduction Act (IRA) into American manufacturing may trigger investment flight from […]
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Can You Believe This?! November 4, 2022
Toronto, Ontario — Wake up, grab a cup o’ joe and indulge in this weekly Can You Believe This?! clip from Collision Repair mag. Featuring barely-there tire tread, super lit gas stations, double-decker catastrophes and much, much more!
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