Tuesday Ticker: Magna raises annual forecast; shares drop at Driven Brands
Toronto, Ontario — In this weekly Tuesday Ticker, Magna raises its annual outlook amid stellar Q2 financials; Nikola hires its fourth CEO and Driven Brands sees some stock dips. Mega Magna Magna International reported its Q2 financials last week, beating out analyst estimates with 17 percent revenue growth, to $10.98 billion, the company said Friday. […]
Snitching for Safety: OEM whistleblowers protected, rewarded in new NHTSA rules proposal
Toronto, Ontario — In an effort to incentivize safety and good faith among automakers, the U.S.’s National Highway Traffic Safety Administration (NHTSA) put forth a set of rules last Wednesday that aim to protect and reward OEM whistleblowers. This proposed rulemaking on the part of the NHTSA intends to outline more concrete implementations of the […]
Stand Up Speak Out: What do you want from industry training?
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Family Reunion: Driven Brands to host inaugural Montréal cross-brand conference in July
Montréal, Québec — To mark a significant milestone in the company’s growth, Driven Brands announced Tuesday that it will be gathering together the entire CARSTAR Canada family, as well as its many Driven Glass brands, for a joint conference in July. “I’m excited to bring together the larger Canadian Driven Brands family,” said CARSTAR Canada […]
Apprentice Appreciation: Pair of Man. collision apprentices honoured at achievement awards Thursday
Winnipeg, Manitoba — Carrying on a proud tradition of honouring the province’s tradespeople, the Manitoba government recognized its best and brightest on Thursday at the thirty-first annual Apprenticeship Highest Achievement Awards ceremony. Automotive painter Jacob Doerksen and body technician Trevor Marshall represented the collision repair industry among 36 other newly certified apprentices, declared to be […]
Robotic Reassurance: Automated paint inspection procedures at BMW’s Regensburg plant an industry first, OEM says
Regensburg, Germany — In what is being considered an industry-first move from the German automaker, BMW announced Tuesday that its Regensburg, Germany plant has cemented an end-to-end automated process for inspecting painted vehicle surfaces. The company says it has been using AI-controlled robots to process each vehicle individually to quality standards and has ultimately resulted […]
Building Bridges: ATA of Manitoba building cross-aisle relationships with industry policymakers
Winnipeg, Manitoba — Far too often, those who speak on behalf of collision repairers are anyone but actual collision repairers—Manitoba’s Automotive Trades Association (ATA) is aiming to change that, following a series of meetings with high-ranking politicians from either side of the aisle. Ferd Klassen, vice president of the ATA and owner of Niverville Auto […]
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 […]
Contre toute attente: Montreal auto show draws nearly 150,000 despite 3 snow days, OEM absences
Montreal, Quebec — Proving that the Canadian car show spirit is still alive and well, the organizers of this year’s Montreal International Auto Show (MIAS) are proud to report that the show drew in a crowd of 148,516 attendees, in spite of some snowy weather. “Our goal was achieved. Despite the three snow days and […]
Learner Car: All EV Canada creates labeled, educational version of Tesla Model 3 for tech training
Halifax, Nova Scotia — The great minds over at All EV Canada in Halifax have come up with a bright idea for educating collision repair technicians on the diverse, and often unfamiliar, electronic components in a modern electric vehicle, as shown in a recent Youtube video. The team at All EV Canada just unveiled a […]
