Business: Page 88

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A Second Life, Saving Lives: Toronto donates emergency, fleet vehicles to aid Ukrainian relief effort
Toronto, Ontario — As the war in Ukraine entered its sixth month last week, every little bit of aid to the country effort counts for something, with the city of Toronto announcing last Friday that it will donate four end-of-life vehicles from its fleet, including two emergency response vehicles, to assist the civilian relief effort. […]
Business
BUSINESS NEWS
AXES UP Members of southern Ontario’s aftermarket community unleashed their inner viking on a hot Saturday afternoon in July, as Treschak Enterprises raised $11,500 at its third annual Axes Up for the Fonthill Legion fundraiser. The afternoon of axe throwing, taken part in by a record 50 throwers this year, has become an annual tradition […]
BUSINESS NIBS
Collision Repair
Trader Goals: US reducing trade barriers against Canadian EV imports
Washington D.C. — The United States is expanding electric vehicle (EV) incentives from American-only vehicles to vehicles imported from anywhere in North America, paving the way for EV industry growth in the coming years. Under the Inflation Reduction Act, vehicles such as EVs, hybrids and hydrogen-fueled vehicles may qualify for a US$7,500 tax credit as […]
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Business
Down to Business: First Female GM President inducted into Canadian Business Hall of Fame
Toronto, Ontario — The first Female president of General Motors Canada has been honoured with an induction into the Canadian Business Hall of Fame. Maureen Kempston Darkes served as President and General Manager from 1994-2001. She was the highest-ranking woman within the company during that period. Kempston-Darkes was honoured not only for her trailblazing appointment […]
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Collision Repair
Good Hustle, Herbert: VW boots CEO for poor handling of software division, severe delays result
Toronto, Ontario — Bloomberg reported on Monday that a series of software setbacks at Volkswagen have caused the company to give its CEO the boot as it now faces severe delays in the launch of new Porsche, Audi and Bentley vehicles. In a move that surely speaks to the current desperation among automakers to get […]
Diess
Collision Repair
A Match for Maslack: Uni-Select enters definitive agreement to acquire Maslack Supply
Boucherville, Quebec — Quebec-based automotive giants Uni-Select announced on Monday that it has solidified plans to acquire Maslack Supply Limited, furthering the company’s expansion into Ontario. Over its 63 years in business, Maslack has grown from a small family-owned and operated auto parts supply company, to include 13 locations across Northern Ontario and more than […]
Maslack
Tuesday Ticker: July 26, 2022
Toronto, Ontario ⁠— The focus is on Alberta-based companies in this weekly Tuesday Ticker, as AutoCanada delivers 32 percent revenue growth while Calgary, Alta.-based Foundation Automotive adds a new brand⁠—and new territory⁠—to its portfolio. AutoCanada’s quarterly update Edmonton-based AutoCanada announced its Q2 2022 results on Monday, reporting revenue of approximately $1.7 billion and growth of […]
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EV/AV Report: July 25, 2022
Toronto, Ontario — In this week’s electric and autonomous vehicles report, Tesla hits a self-driving milestone after settling in a German lawsuit, Ford and Baidu unveil autonomous cars without steering wheels and a Deloitte report suggests that tomorrow’s cars are vulnerable to hacking attacks – who knew? Clocked In Tesla celebrates 35 million miles driven […]
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Tuesday Ticker: July 19, 2022
Toronto, Ontario — Looking for your global automotive stock report? Look no further! In this weekly Tuesday Ticker, Volkswagen amps up its EV deliveries; a former Nissan executive does a postmortem on the OEM’s EV strategy and Porsche preps for a potential IPO. Volts-wagen Volkswagen is pushing its emissions-free offerings and seeing the returns, as […]
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EV/AV Report: July 18, 2022
Toronto, Ontario — In this week’s electric and autonomous vehicles report, the head of autopilot development leaves Tesla, a pioneering EV is discontinued just as the market heats up, and Turo partners with Hyundai to offer EV rentals for holidaymakers and prospective buyers alike. Director’s Departure Tesla’s senior director of artificial intelligence, Andrej Karpathy announced […]
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Pay to Play: BMW locks certain digital functions behind paywall
Seoul, South Korea — Taking a cue from the airline industry and mobile gaming, BMW is pushing paid subscriptions as the only way customers access certain services. According to BMW South Korea’s website, several functions on consumer BMWs have been rebranded as the “connected booster package,” locking off certain digital functions behind a subscription-based paywall. […]
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Movin’ On Up: John Cappella appointed as new President and CEO of Porsche Canada
Toronto, Ontario — John Capella was appointed as the new CEO and president of Porsche Cars Canada (PCC) on Thursday and will take over the position from Marc Ouayoun effective Sept. 1. Ouayoun is not leaving the company, but pivoting to a new role under the Volkswagen brand. Cappella succeeds qualified executive Ouayoun in this […]
Capella
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