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 […]
Bold Claims: 3M wins award at 2022 SURCAR Shanghai Congress as customers strive for ‘lights-out’ paint shop
Minnesota, United States – 3M’s Finesse-it Robotic Paint Repair System has earned the “Award for Technique” at the 2022 SURCAR Shanghai Congress, an award by an international autobody finishing organization recognizing the OEM’s ability to use of artificial intelligence (AI) for autobody finishes. “We have completely digitized this critical operation, which allows for continuous real-time […]
B-town Boost: Magna International invests $471 million into Brampton EV battery enclosure plant
Brampton, Ontario — Ontario’s automotive manufacturing giant, Magna International, is throwing around big money in the pursuit of an EV battery enclosure plant in Brampton, announcing Wednesday that $471 million has been earmarked for the project. Alongside funding what is projected to be a $265 million building project, Magna’s investment will also go toward creating […]
School in Session: Axalta and SATA partner to provide training at new Ontario location
Vaughan, Ontario — Axalta Coatings and SATA have announced a new training partnership, replacing the Axalta Training Center in Ajax, Ont. with Axalta Training at SATA Canada. According to Wednesday’s press release from Axalta, this partnership will provide Axalta and its refinishing customers access to the new SATA Ontario location,. Axalta refinish customers will have […]
Built to Last: J.D. Power releases 2023 ALG Residual Value Awards
Toronto, Ontario — J.D. Power has released its nominees for the 2023 ALG Residual Value Awards, recognizing OEMs for producing vehicles with the highest projected manufacturer’s suggested retail price (MSRP) after a three or four year time frame, for premium and mass market vehicles respectively. According to J.D. Power, these awards are a vital consideration […]
A Spark of Solidarity: Rising LOR and repair complexity demand industry alignment, Enterprise Q4 report says
Toronto, Ontario — Enterprise published its length of rental report for Q4 2022 on Tuesday, with results that, in one respect point to pre-pandemic levels of stability, but otherwise bear much of the same disheartening news as LOR reports of the recent past. Enterprise says that despite an average length of rental (LOR) increase of […]
Tuesday Ticker: Toyota remains world’s top-selling automaker; EV stocks rally and drop
Toronto, Ontario — Toyota remains the top-selling automaker globally, but not in Canada; Lucid and other EV stocks see a short-lived increase and Uni-Select prepares to unveil its Q4 2022 results in this weekly Tuesday Ticker. Toyota on top Toyota sold more than 10.5 million vehicles in 2022, retaining its spot as the world’s top-selling […]
Blue Screen Beware: Ford recalls Explorer, Lincoln Corsair and Aviator vehicles for rearview camera malfunctions
Washington D.C., United States — Ford Motor Co. is recalling 462,000 vehicles globally, citing faulty video outputs that may prevent rearview cameras from displaying. According to a National Highway Traffic Safety Administration (NHTSA) timeline, this recall impacts 2020 to 2023 model year Ford Explorers, Lincoln Corsairs and Aviator vehicles with 360-degree cameras. Under this defect, […]
