Cash for the Furnace: Insurance bureau says ICBC on track to lose $298 million this year

Vancouver, British Columbia — The Insurance Bureau of Canada (IBC) reported Friday that British Columbia’s crown insurance company is on track to record a financial loss of $298 million for this year. Vice president of IBC’s western and Pacific regions, Aaron Sutherland, called this update from the Insurance Corporation of British Columbia (ICBC) “incredibly disappointing” […]

Tuesday Ticker: Tesla tops Toyota’s Q3 profits; Carvana e-commerce share price slashed

Toronto, Ontario ⁠— In this weekly financial-watch report, Tesla’s Q3 results are compared with Toyota’s and e-commerce platform Caravana sees its share price cut in half.  Tesla tops Toyota Tesla could have earned eight times as much per vehicle as Toyota in Q3, reports Asian newspaper Nikkei.  A report from Electrek claims Toyota delivered eight […]

Tuesday Ticker: AutoCanada marks ‘record-setting’ quarter; Toyota teases new Prius, despite low model sales

Toronto, Ontario ⁠— In this weekly Tuesday Ticker, AutoCanada reports its Q3 financial results, adding more than $45 million in acquisitions to its portfolio. Meanwhile, Toyota teases the fifth-generation Prius amid decreasing global sales numbers, and Volkswagen crosses a finish line far earlier than planned.  ‘Another record-setting quarter’ AutoCanada reported financial results last Wednesday, marking […]

Still Growing: AutoCanada acquires two luxury collision centres in the Greater Toronto Area

Scarborough, Ontario — AutoCanada has acquired Excellence Auto Collision Silver Star and Excellence Auto Collision Midwest, two luxury collision centres east of the Greater Toronto Area. Excellence Auto has provided collision repair services to Scarborough and the Greater Toronto Area for more than 30 years, maintaining certifications with Tesla, Mercedes-Benz, Porsche, Audi, BMW, Mini, Lucid, […]

Can You Believe This?! November 4, 2022

Toronto, Ontario — Wake up, grab a cup o’ joe and indulge in this weekly Can You Believe This?! clip from Collision Repair mag. Featuring barely-there tire tread, super lit gas stations, double-decker catastrophes and much, much more!

In the Spirit of Spooky: DIY car mods for Halloween

Toronto, Ontario — It’s officially spooky season—and some drivers are especially keen to celebrate. It’s a common trend to see drivers install Halloween-themed decor to celebrate the fear of the season. Think bloody handprint stickers, red splatter paint jobs done haphazardly in backyards, open trunks or boots with plastic body parts hanging out—you know, things […]