Tuesday Ticker: Rivian loses spot on Nasdaq-100 index; Nikola makes massive layoffs
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian is replaced on the Nasdaq-100 index, controversial truck maker Nikola lays off almost a quarter of its workforce and a Quebec-based ADAS and sensor company makes a merger. Rivian removed The rumours were true—Rivian has lost its spot on the Nasdaq-100 index. Nasdaq confirmed the news […]
Cash Back: AutoCanada to buy back $100M of shares from investors
Edmonton, Alberta — On June 28, AutoCanada announced its intent to purchase up to $100 million in shares from its shareholders via a ‘modified Dutch auction,’ with shares for sale between $22 and $25 per share. The company advises shareholders to obtain up-to-date quotes for market prices of the shares, prior to tendering an offer. […]
Tuesday Ticker: March 16, 2021
Toronto, Ontario — Ontario embarks on a virtual trade tour to encourage business with California’s auto sector, Canadian Uber workers reject the company’s proposal to soothe tensions and Axalta acquires a Chinese wire-enamel company in this week’s Tuesday Ticker. Ontario on tour The Ontario government is currently leading 18 of what it calls “the province’s […]
Tuesday Ticker: January 5, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, Magna’s new CEO takes charge, PSA shareholders announce an overwhelming ‘ye’, DesRosiers preps to unveil new data and Volkswagen initiates the first phase of its Takata recalls. Moves at Magna Alongside the ringing of the new year, Magna International officially welcomed Swamy Kotagiri as the company’s new […]
