Tuesday Ticker: What’s in store for Stellantis post-Tavares era; Tesla sees shares rise 54 percent year-to-date
Toronto, Ontario — In this weekly Tuesday Ticker, Stellantis CEO Carlos Tavares departs his position, while Tesla continues on a rising trend after experiencing a 13 percent increase in its stock price last week. Ta-ta, Tavares After four years as the CEO of Stellantis, Carlos Tavares has parted ways with the automaker amid its struggling […]
Marketplace Transformation: Car-Part.com’s Jeff Schroder and Dave Picking of Eladene explain the use of data, AI in parts searching
Toronto, Ontario — This past Tuesday, the International Roundtable on Auto Recycling (IRT) hosted its webinar, “How Data and Designation Are Transforming Auto Recycling,” featuring industry leaders Jeff Schroder from Car-Part.com and Dave Picking from Eladene Systems. The session focused on the pivotal role of data integration and artificial intelligence in reshaping the auto recycling […]
Navigating Variations: Ford shares insights on OEM part fitment issues in latest On Target newsletter
Detroit, Michigan — A recent I-CAR U.S. Repairers Realm episode, along with supplementary material from Ford’s most recent On Target newsletter, sheds light on why some OEM replacement parts may not fit the same as the original part removed from the vehicle. Gerry Bonanni, senior damageability engineer for Ford, and Stellantis’ Body Collision Lead Lynn […]
TODAY: EV Repair Tour, supported by Fix Network, stops in Nova Scotia
Halifax, Nova Scotia — Tomorrow, collision repair industry professionals will gather at the CAA Atlantic Dartmouth location for Collision Repair magazine’s EV Repair Tour, supported by Fix Network. This free event will feature an afternoon of presentations from high-voltage vehicle experts. Hear from: Kurt Sampson—your “EV Guy” at CAA Atlantic, detailing CAA’s connection to and […]
Transparent Tapes: Barrie, Ont. auto shop sends real-time videos of repairs to car owners
Barrie, Ontario — Would you be open to letting your customers access footage of what’s going on on your production floor? Well, one Barrie, Ont., service centre is. The service centre at Moffatt’s Mazda Barrie is documenting repairs on video and sending it to customers for “better peace of mind.” “It allows customers to see […]
Calgary Sessions: Consolidated Collision Services hosts second leg of annual conferences
Calgary, Alberta—Consolidated Collision Services (CCS) hosted the second leg of its annual conference last week in Calgary, Alberta. Fifty CCS network members, vendors and suppliers enjoyed some late summer weather, stellar educational programming and networking. Attendees got into the spirit of the On Target-themed event by swinging some clubs at the Phil Mickelson Launch Pad before […]
Tuesday Ticker: Tesla reportedly seeking lower tariffs for Chinese-built units; CAMI Assembly Plant workers authorized to strike
Toronto, Ontario — In this weekly Tuesday Ticker, Unifor authorizes workers at Ontario’s CAMI Assembly Plant to strike, should an agreement not be met in talks later this month. Meanwhile, Tesla reportedly seeks lower tariffs for its Chinese-built models following the government’s recent announcement. Strike watch Unifor members working at the General Motors CAMI Assembly […]
The Dealer Down-Low: Average Canadian dealership wrote 8,556 repair orders in 2023, says CADA report
Ottawa, Ontario — The Canadian Automobile Dealers Association (CADA) has released its 2023 Data Report, wherein the organization details the average automotive dealer financial information, economic data and general information about the auto sector. According to the report, there are 3,457 total auto dealers in Canada, and the average dealership wrote 8,556 repair orders in […]
Tuesday Ticker: Advance Auto Parts sells Worldpac to former Axalta owner; Canada imposes tariffs on Chinese-made EVs
Toronto, Ontario — Advance Auto Parts sells its Worldpac unit to a private equity firm and Canada announces tariffs on Chinese-made electric vehicles in this weekly Tuesday Ticker. Selling Worldpac Advance Auto Parts has sold its Worldpac unit for US$1.5 billion, the company announced last Thursday. The sale is part of Advance Auto Parts’ latest […]
Hunger Pains: Intact says its ‘appetite’ in Alberta auto insurance market reducing
Edmonton, Alberta — Intact Financial Corp says its appetite for Alberta auto insurance business is “reducing” in light of the provincial auto insurance rate cap. During a Q2 2024 earnings call, Intact CEO and Director Charles Brindamour said Alberta’s “artificial cap that is below inflation” makes it “very hard for the industry.” “As a result, […]
