Tuesday Ticker: Rivian’s latest relationship; Analysts cut Tesla price target predictions
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian sees its stocks soar; analysts fiddle with Tesla price targets; and Volkswagen makes the first steps toward its St. Thomas, Ontario battery headquarters. Rivian’s latest relationship Rivian saw its stock soar almost 15 percent over five days, following a major deal announcement. Rivian will sell its […]
G-Class Grievances: Ontario G driving test changes done without safety evaluations, auditor general finds
Toronto, Ontario — A decision to remove certain elements of the Ontario G class driving test was made without safety evaluations or formal cabinet approval, says Ontario’s acting auditor general Nick Stavropoulos. Specifically, in his 2023 Annual General Report, Stavropoulos noted that a change to the test which removed “duplicative” elements such as emergency stops, […]
Tuesday Ticker: Rivian could benefit from Cybertruck rollout, says analyst and investor; November new Canadian car sales grow 20 percent
Toronto, Ontario — This week, we look at Rivian’s performance following Tesla’s Cybertruck rollout. Plus, DesRosiers celebrates a stellar month for new vehicle sales in Canada. Battle of the pickups Some analysts believe Rivian is poised to gain from Tesla’s Cybertruck launch and rollout. One analyst, managing partner of the Future Fund (and Tesla investor) […]
Tuesday Ticker: Government billions over the battery budget, says report; Rivian makes production progress
Toronto, Ontario — In this weekly Tuesday Ticker, provincial and federal governments face flack for going a few billion over budget, while Rivian finally makes an inch of progress on its second production facility. Billions over the battery budget A new report from the Parliamentary Budget Officer says the Canadian government is almost six billion […]
Tuesday Ticker: Paint providers mark Q3 gains
Toronto, Ontario — In this weekly Tuesday Ticker, we’re looking at the Q3 performance of two paint giants—Axalta and PPG—both of which reported strong performances for the three months ending Sept. 30, 2023. Plus, shout out to Sherwin Williams for marking some significant net sales from U.S. and Canadian storefronts. Axalta aces Q3 Axalta said […]
Big at Boyd: Boyd Group added 21 collision centres in Q3 2023, according to financial results
Winnipeg, Manitoba — Winnipeg, Manitoba-based Boyd Group Services reported its Q3 results on Friday, where the network said it added 21 locations to its portfolio during the quarter–17 via acquisition and four start-ups. The company reported 17.9 percent growth in sales, reaching $737.8 million compared to $625.7 million in the same period of the previous […]
Tuesday Ticker: Magna blows analysts’ minds; Toyota potentially seeks financial assistance
Toronto, Ontario — In this weekly Tuesday Ticker, Magna blows analyst expectations out of the water and sees shares jump almost 15 percent; while a government source teases that Toyota could soon seek Ottawa’s assistance in its shift to EV assembly. Magna’s shares move Magna saw its shares surge last Friday as the Aurora, Ont.-based […]
Tuesday Ticker: Tesla’s tearful earnings call; Toyota adopts standard
Toronto, Ontario — This week we look at automakers and economics as Tesla marks a tumultuous earnings call; Toyota adopts a standard and Hyundai breaks records with its plans to break ground. Tears for Tesla Tesla’s Q3 earnings call last week did not entirely go as planned, according to reports that CEO Elon Musk was […]
Driving Demand: Vehicle complexity, aging cars among factors contributing to ‘robust’ aftermarket demand
Washington, D.C. — An aging car parc, ever-increasing miles-travelled and greater vehicle complexity will continue to drive robust demand across the automotive aftermarket through 2024, according to the recently-released Capstone Partners Automotive Aftermarket M&A Coverage Report October 2023. Capstone’s report states that an “aging [U.S.] car parc, growing miles travelled and increased vehicle complexity have […]
Tuesday Ticker: Tesla misses targets, Rivian marks delivery records
Toronto, Ontario — Analysts were off in their estimates in predictions for both Tesla and Rivian’s delivery numbers–but for different reasons. See the ups and downs in this weekly Tuesday Ticker. Tesla misses targets–but still delivers Tesla missed market estimates for its Q3 2023 deliveries, which analysts believe is due to mass production halts and shutdowns […]
