Tuesday Ticker: BYD stalls plan to enter North American market; Rivian experiences first revenue decline
Toronto, Ontario — In this weekly Tuesday Ticker, Chinese EV maker BYD reportedly scraps plans to enter the Canadian market, while Rivian experiences its first revenue dip since going public four years ago. Bye-bye, BYD China’s largest electric vehicle manufacturer, BYD, has decided not to expand into Canada, despite having previously conveyed its intentions to […]
Tuesday Ticker: Tesla launches new incentive program; Rivian questioned by shareholders
Toronto, Ontario —This week, we look into the effect of Tesla’s new global incentive program (available in Canada!) while Rivian celebrates success despite hefty accusations. Tesla’a latest move in the EV price war Tesla has launched a new incentive program allowing customers across the globe to get extra incentives through referrals from their pals. The […]
Crossed Wires: Lack of EV insights causing ‘rising tension’ between OEMs and suppliers, says survey
Toronto, Ontario — According to Plante Moran’s OEM-Supplier Working Relations Index (WRI) Study, there is “rising tension” between OEMs and suppliers, largely due to increased risk to short-term cost recovery issues, production scheduling and supply chain disruptions as the industry transitions to electric vehicles. “These are compounded by long-term strategic issues suppliers have, related to […]
Careful Around My Porsche: OEM expands vehicle subscription service to Montréal
Montreal, Quebec — Porsche has expanded its Porsche Drive subscription package to Montreal, offering on-demand access to a collection of the OEM’s sportscars. The service offers daily, weekly or monthly on-demand rental service through a digital booking platform and subscription. All services include delivery and pick-up by a concierge within a 50-km radius of Montreal’s […]
A Steel for Ford: OEM wins Automotive Excellence Award for innovations in advanced high-strength steel
Southfield, Michigan — The American Iron and Steel Institute (AISI) has awarded this year’s Automotive Excellence Award to Ford for its advanced high-strength steel innovations in the all-electric 2021 Ford Mustang Mach-E. The award was presented by John Catterall, vice president of AISI’s automotive program, at the 20th annual Great Designs in Steel (GDIS) in-person […]
By the Books: CIECA forms OEM repair procedures committee, industry stakeholders welcome
Sanford, North Carolina — CIECA has announced the formation of a new Standards Development Committee focused on OEM repair procedures and build sheet data. All industry stakeholders, including CIECA and non-CIECA members, are invited to join. “CIECA’s Emerging Technologies Committee was reviewing pain points in the collision industry and determined that OEM repair procedures and […]
Tuesday Ticker: January 18, 2022
Toronto, Ontario — This week’s Tuesday Ticker is all about automakers as rumours swirl around a potential Volkswagen battery division IPO; Ford crosses US$100 billion valuation for the first time ever and Toyota kicks General Motors out as 2021’s top-selling automaker in the United States. Volkswagen’s vibe Volkswagen could soon list its battery division in […]
Electrifying Growth: Ford only major U.S. automaker to report year-over-year Nov. sales increase
Detroit, Michigan — Ford was North America’s best-selling automaker for a third month in a row this November with a 5.9 percent increase to sales year-over-year. The automaker sold a total 158,793 vehicles in November. The OEM’s electric vehicle sales also grew three times quicker than the overall EV vehicle segment, marking Ford’s electric vehicle […]
Eyes on the Future: Mercedes-Benz announces interactive remote support via HoloLens headset, coming to certified collision centres in 2022
Toronto, Ontario — Imagine a world where repair solutions appear before your very eyes. Seems like a dream, right? Well, Mercedes-Benz Canada has announced the implementation of a training solution that offers just that. According to Mercedes-Benz, the new Mercedes-Benz Virtual Remote Support program allows technicians to wear the HoloLens 2 headset—a wireless, ‘holographic’ display […]
STEMing a New Partnership: Honda Canada Foundation partners with FIRST Robotics Canada
Toronto, Ontario — Honda Canada Foundation announced a new partnership with FIRST Robotics Canada, to encourage young people to pursue a post-secondary education in engineering and technology. The $150,000 contribution made by Honda Canada Foundation will help build an inclusive community, with meaningful mentorship opportunities that will empower young people to think big and build […]
