Business: Page 93

Collision Repair
Tuesday Ticker: May 10, 2022
Toronto, Ontario ⁠— In this weekly Tuesday Ticker, AutoCanada picks up two luxury dealerships in Ontario, teasing the potential to expand its collision services; Uni-Select reports a “strong start” to the year with its Q1 2022 financial results, and a Toronto-based parts maker sees big drops in net profits. Leaning on luxury AutoCanada added two […]
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Collision Repair
Electric Upgrade: St. Lawrence college to offer upskilling course for EV repair
Kingston, Ontario — A new electric vehicle repair training program is on the way to St. Lawrence College in Kingston, Ont., thanks to a partnership between the Automotive Industries Association of Canada (AIA) and the government of Ontario. The project to be undertaken by this partnership will see the development of two automotive training programs, […]
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Training
Skills on the Go: Skills Ontario unveils Trades and Tech Truck at Fix Network event
Milton, Ontario — Skills Ontario, alongside Fix Network at their Milton, Ont. training centre, officially cut the ribbon on the Trades and Tech Truck before it sets off to schools across the province. With the smell of tacos wafting from a food truck and the sound of mingling guests filling the air, representatives from both […]
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Collision Repair
All Star Acquisition: Driven Brands acquires U.S.-based All Star Glass
Charlotte, North Carolina — Driven Brands Holdings Inc. has announced the acquisition of U.S.-based auto glass repair chain, All Star Glass, on Friday. It was 40 years ago Sam Scharaga founded All Star Glass, a company that would go on to become the largest family-owned auto glass company in the United States, a fact that […]
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EV
Rivian’s Ripening: EV automaker begins building Canadian service network
Vancouver, British Columba — Rivian has started building its service network in Canada as the electric vehicle maker prepares to deliver its first vehicles in the Canadian market this summer. Automotive News Canada reported Friday that Rivian has begun recruiting staff for its Vancouver service centre, though it would not elaborate on how many services […]
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Collision Repair
Driving Up Business: Driven Brands reports 42 percent Q1 revenue growth from last year
Toronto, Ontario — Driven Brands reported on Wednesday that company revenue saw a 42 percent boost in the first quarter of this financial year. That 42 percent equates to $468.3 million in new revenue versus last year. The company also reported that system-wide sales hit $1.3 billion, which represents 26 percent growth when compared to […]
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Spring Training: OARA unveils Spring Webinar Training Series lineup
Toronto, Ontario — The Ontario Automotive Recyclers Association (OARA) has unveiled its lineup of webinars featuring new products and business opportunities, set to kick off on May 4. The first hour-long session will be hosted by J.C. Cahill, owner of VIN Match Pro, a company that aids recyclers in sourcing and matching OEM parts. JC […]
Tuesday Ticker: April 26, 2022
Toronto, Ontario ⁠— In this Tuesday Ticker, General Motors shares some hefty news a mere day before the OEM reveals its Q1 2022 financial reports, while 3M plans to leverage technology from a digital inventory management solutions company. Corvettes and currents General Motors will launch an electric version of the Chevrolet Corvette sports car starting […]
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Stock Talks: Driven Brands to announce Q1 2022 financial results next Wednesday
Charlotte, North Carolina — Driven Brands will announce its first-quarter 2022 financial results before the market opens next Wednesday, April 27. Following its Q1 2022 earnings release, the company will host a conference call at 9 a.m. ET to review the financial results. The call will be available via live webcast on Driven Brands’ Investor […]
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Tuesday Ticker: April 19, 2022
Toronto, Ontario ⁠— It’s all about automakers in this weekly Tuesday Ticker as electric vehicle stocks are shocked as analysts fret about potential Chinese COVID restrictions; Toyota delivers less-than-surprising news regarding its May 2022 production outlook and Elon Musk continues to worry investors about his mission to buy Twitter. Electric hiccups Electric vehicle stocks saw […]
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EV/AV Report: April 18, 2022
Toronto, Ontario – In this week’s electric and autonomous vehicle report, Ford announces a release date for the F-150 Lightning, the federal government invests in medium and heavy-duty fleet conversions and Volkswagen reports a spike in EV sales since the beginning of the year. Lightning Strikes A release date of April 26 has officially been […]
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Lab Technicians: I-CAR to open 4,400 square-metre ‘tech centre’ in Chicago area
Chicago, Illinois — Big things are on the way for autobody technicians in the Chicago-area—big things in the form of a new 48,000 square-foot technical centre, that is. The Chicago Tech Centre, operated through I-CAR, is intended to act as a hub for industry workshops and training for EVs, ADAS calibrations and several other emerging […]
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