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Financial: Page 2
Tuesday Ticker: Tesla shares drop three percent amid supply chain and other struggles; Toyota makes plans for a stellar year
Photo: Gigafactory Berlin-Brandenburg. Michael Wolf. Toronto, Ontario — In this weekly Tuesday Ticker, Tesla faces a triple threat of troubles, while Toyota makes plans to break production records for the second consecutive year. The NASDAQ remained closed on Monday due to Martin Luther King Day. Tumultuous times for Tesla Tesla is facing supply chain delays […]
Tuesday Ticker: Boyd Group announces Q1 cash dividend, Magna feels effects of rising interest rates
Toronto, Ontario — In this weekly Tuesday Ticker, Boyd Group announces a cash dividend for the first quarter of 2023 and rising interest rates, among other macroeconomic factors, put strain on Magna stocks. Betting on Boyd Boyd Group announced Friday a cash dividend for the first quarter of 2023 of $0.147 per common share. The […]
Paint Profit: AkzoNobel grows revenue on increased pricing
Toronto, Ontario — AkzoNobel reported its Q4 2022 and full-year 2022 financial results on Tuesday, with increased revenues driven by price increases. The company reported a 13 percent revenue increase for the full year 2022, compared to 2021. Pricing was up 14 percent. Operating income for the year was reported at €708 million (2021: €1,118 […]
Industry Insider: On equipment and tax write-offs, with Tim Morgan of Spanesi Americas
Toronto, Ontario — On this episode of Collision Repair mag’s Industry Insider, COO of Spanesi Americas Tim Morgan talks his experience with equipment, tool and tax write-offs collision repair businesses could take advantage of—after some financial research, of course. Tune in to hear Morgan’s experience as an equipment supplier serving all of North America.
At the Peak: Simplicity Car Care recognizes top performing franchisees at first annual awards
Toronto, Ontario — To celebrate another year of growth, Simplicity Car Care hosted its first annual awards ceremony to honour its top performers across the country. To Simplicity, it’s about more than sales; the company takes time to honour owners and staff—known as Simplifiers—for leadership, customer satisfaction, and their impact on the community. The award […]
Conquering Together: Consolidated Collision Services serves educational sessions, honours top performers at National Network Meeting
Niagara Falls, Ontario — Consolidated Collision Services (CCS) held its National Network Meeting on October 19, where more than 80 members partook in a full day of thoughtful presentations, discussion and general merriment. The event was in collaboration with the Automotive Conference and Expo, or ACE held next door at the Niagara Fallsview Casino. The […]
Revenue via Recycling: Stellantis to expand circular economy business unit
Amsterdam, Netherlands — Stellantis has announced its mission to generate more than $2.6 billion in savings via a mission to extend the life of its vehicles and parts, the OEM announced Tuesday. The OEM forecasts that it can save €2 billion (CND$2.6 billion) in recycling and reusing parts through its circular economy unit. Stellantis said […]
Fix Chats: Interviews with Fix Network’s conference speakers
Quebec City, Quebec — From Sept. 29 to Oct. 1, Fix Network hosted its industry partners for the company’s annual conference. Attendees were treated to a lineup of on-trend presentations from Fix Network’s own executives and special visitors–and Collision Repair was lucky enough to catch up with the speakers following their presentations. Scroll through the […]
EV/AV Report: Waterproofing the Cybertruck; Loblaws deploys autonomous delivery trucks
Toronto, Ontario — In this weekly electric and autonomous vehicle report, Elon Musk teases some Cybertruck features; Loblaws deploys autonomous grocery trucks in Toronto and Nissan announces pricing for its upcoming EV. Waterproof…enough? Tesla CEO Elon Musk has said the Cybertruck is going to be “waterproof enough” to cross rivers and act as a marine […]
Tuesday Ticker: AutoCanada enters used-vehicle auction market
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada enters the used-vehicle auction market with an acquisition; Magna makes electric-centric moves in India and Rivian sets a date for its Q3 results call. AutoCanada and auctions Last week, AutoCanada entered the used-vehicle auction market by acquiring North Toronto Auction (NTA), a fee-based used-vehicle auction business […]
Can You Believe This?! October 7, 2022
Toronto, Ontario — Happy long weekend Friday, folks! Why not celebrate with a zany clip? This week, witness warrior vehicles on the road–including an RV-limousine crossover and triple-decker transporters. Plus, see Disney’s foray into car parts; witness the world’s tiniest delivery and much, much more!
Down in V-town: CCIF Vancouver starts today
Vancouver, British Columbia — Today is the first day of the two-day long CCIF Vancouver forum at the Sheraton Vancouver Airport Hotel, and registration is still open at the time of publication. Packed with presentations from Axalta, Simplicity Car Care, Enterprise Holdings, as well as a talk from frequent Collision Repair contributor, Stefano Liessi, CCIF […]
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