Tuesday Ticker: What’s in store for Stellantis post-Tavares era; Tesla sees shares rise 54 percent year-to-date
Toronto, Ontario — In this weekly Tuesday Ticker, Stellantis CEO Carlos Tavares departs his position, while Tesla continues on a rising trend after experiencing a 13 percent increase in its stock price last week. Ta-ta, Tavares After four years as the CEO of Stellantis, Carlos Tavares has parted ways with the automaker amid its struggling […]
Tuesday Ticker: AutoForecast Solutions synopsis
Toronto, Ontario — For this edition of Tuesday Ticker, we’re bringing you a synopsis from AutoForecast Solutions (AFS). With the U.S. election in the rearview mirror, the automotive industry can shift its focus to the road ahead. According to AFS’s latest report, political clarity often paves the way for renewed investments, allowing companies to recalibrate […]
New Era: Boyd Group Services announces CEO Succession Plan
Winnipeg, Manitoba — The Boyd Group announced today that, effective May 14, 2025, Chief Executive Officer Timothy O’Day will step down from his current role, to be succeeded by Brian Kaner, current President and Chief Operating Officer of Boyd. These changes are planned to be effective as of the date of the Annual General Meeting […]
Tuesday Ticker: IAA launches market alliance with North America Trading L.L.C; while Northvolt announces Quebec battery plant will proceed despite bankruptcy filing
Toronto, Ontario — In this weekly Tuesday Ticker, IAA has announced that it has launched a new market alliance with North America Trading L.L.C. in the country of Oman; while Northvolt says that its Quebec battery plant will proceed despite Chapter 11 bankruptcy filing in the United States. A Middle Eastern merging Last Thursday, RB […]
Record Reports: Axalta releases third quarter 2024 results; reports record net sales of $1.32 billion
Toronto, Ontario — Axalta Coatings has now released its third quarter financial results, noting a record net sales of $1.32 billion. According to a press release of the results, other highlights from the company’s third quarter include net income increases of 40 percent year over year to $102 million and a record adjusted EBITDA of […]
Quarter Comprehension: Boyd releases Q3 results; CEO Tim O’Day says ‘disappointed’ with results
Toronto, Ontario — On Wednesday, Boyd Group Services Inc. announced that sales increased by two percent to $752.3 million from $737.8 million in its third quarter results. Additionally, the financial quarter report noted that “the third quarter of 2024 recognized one additional selling and production day when compared to the same period of 2023, which […]
Tuesday Ticker: Magna lowers 2024 guidance; Ford to hit the ‘lower end’ of 2024 earnings forecast, automaker warns
Toronto, Ontario — In this weekly Tuesday Ticker, Magna reports better-than-expected Q3 financials—yet still lowers its guidance amid global vehicle production slumps. Meanwhile, Ford warns investors that it will hit the ‘lower end’ of predicted earnings in 2024. Production problems Shares of Magna International rose 7.8 percent following better-than-expected Q3 2024 results—though the Ontario-based auto […]
Tuesday Ticker: Waymo earns US$5.6 billion in latest investment round; Boyd to release Q3 results Nov. 5
Toronto, Ontario — In today’s Tuesday Ticker, autonomous ride service Waymo marks US$11 billion in total capital raised following its latest investment round. Plus, Boyd Group Services sets the date for its Q3 2024 financial results. Woohoo for Waymo Self-driving robotaxi company Waymo has closed a US$5.6 billion funding round—the largest investment in the company’s […]
Tuesday Ticker: Tesla unveils its robotaxi; while Polestar announces plans to ‘actually sell cars’
Toronto, Ontario — In this weekly Tuesday Ticker, Tesla unveils its fully autonomous robotaxi and leaves investors wanting more; while electric vehicle manufacturer Polestar plans to begin selling more vehicles via dealerships. Here comes the Cybercab Last Thursday, the launch of Tesla’s long-promised driverless taxi reportedly left investors with a desire for more details about […]
CrashBay Collaboration: Turo and Crashbay form partnership
Toronto, Ontario – Turo and CrashBay, the premier digital marketplace revolutionizing collision and car repair solutions for fleets and carriers, today announced their partnership aimed at streamlining the auto claims repair process for Turo hosts across the United States and Canada. This collaboration highlights both companies’ shared goal to simplify vehicle ownership and enhance the […]
