Casting Catching On: Linamar to open giga casting plant in Welland, Ont. in 2025
Welland, Ontario — Ontario-based auto parts manufacturer Linamar is getting into the giga casting game, announcing Wednesday plans to open an electric vehicle parts plant in Welland, Ont., set to open in February 2025. In its press release, Linamar spokespeople say this will make the company the first Tier 1 supplier outside of Asia to […]
Work in Progress: P.E.I shops still fixing Hurricane Fiona damages six months after onset
Photo by Steve Bruce, CBC Charlottetown, Prince Edward Island — Autobody shops on Prince Edward Island are still recovering from damages incurred by Hurricane Fiona, with some shops reporting massive repair backlogs that could take a year to clear. In an interview with the CBC, Dave Gaudet, owner of Fix Auto Charlottetown and former Bodyworx […]
Clear Consensus: Uni-Select approves plan of arrangement with LKQ
Boucherville, Quebec — Uni-Select shareholders announced that they have approved their company’s plan of arrangement with LKQ and its subsidiary, securing a near-unanimous agreement at Thursday’s special meeting. The arrangement resolution was approved by 98.87 percent of the votes cast by shareholders present virtually or represented by proxy and entitled to vote at the meeting, […]
Fakes Don’t Make It: U.S. border patrol seizes $196,000 in fake auto parts at Philadelphia port
Pennsylvania, United States — A shipment of more than 175 counterfeit auto parts bound for Philadelphia was intercepted by U.S. Customs and Border Protection (CBP) last month, amounting to a value of $196,000 had they made their way into the legal aftermarket. The shipment sent from China contained 177 air bag covers, aluminum hoods, front […]
BOOKS, TOYS… AND AUTO PARTS?
Amazon enters the parts sector Story by MAX REID Convenient or concerning? That is what many in the U.S. aftermarket are asking themselves following the launch of Amazon’s new OEM auto parts portal, a new purchasing option that cuts costs and cuts out dealers. Bruce Halcro, owner of Capital Collision Center in Helena, Montana, spoke […]
Premature Disappearance: Insurers likely writing off electric vehicles for scratched batteries
Toronto, Ontario — Excited to dive into the world of electric vehicle (EV) recycling? With the current state of insurance, an EV might be written off completely if its battery is dented, warped or slightly scratched. According to an article first published by the Times Live, this stems from a general inability to assess or […]
Auctions for Auctioneers: Ritchie Bros acquisition of IAA achieves shareholder approval
Toronto, Ontario — After some bumps along the road of negotiation, the Ritchie Bros acquisition of IAA has been completed following shareholder agreement from both parties. This merger will see IAA stockholders receive $12.80 per share in cash and 0.5252 common shares of Ritchie Bros. for each share of IAA common stock they own. When […]
Cracks in the Line: Hyundai recalls nearly 300,000 vehicles for corroded brake lines
Toronto, Ontario — Transport Canada has issued a recall on 295,777 Hyundai vehicles following a warning from the OEM that brake lines under the vehicle could corrode, reducing braking power and increasing the risk of a crash. Affected models include the 2011 to 2016 Elantra and Equus, 2009 to 2014 Genesis, 2010 to 2016 Genesis Coupe, […]
Tuesday Ticker: AutoCanada net income down in Q4 2022; Martinrea reports major gains
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada reports net income decreases and records in full-year reports, while Ontario auto parts manufacturer Martinrea marks 20 percent gains in Q4 2022 sales. Meanwhile, proxy advisors suggest Ritchie Brothers Auctioneers steers clear of its deal to acquire IAA Inc. Record highs and lows AutoCanada reported its […]
Repo Robot: Ford patents self-repossessing vehicle system
Toronto, Ontario — In late February, Ford published a patent with the United States Patent Office, attempting to secure a ownership of a design that would remotely repossess vehicles at will. Officially named “Systems and Methods to Repossess a Vehicle,” this filing with the U.S. Patent Office aims to strongly encourage timely payments through a […]
