Tuesday Ticker: Boyd Group announces Q1 cash dividend, Magna feels effects of rising interest rates
Toronto, Ontario — In this weekly Tuesday Ticker, Boyd Group announces a cash dividend for the first quarter of 2023 and rising interest rates, among other macroeconomic factors, put strain on Magna stocks. Betting on Boyd Boyd Group announced Friday a cash dividend for the first quarter of 2023 of $0.147 per common share. The […]
Steady Markets: AutoTrader predicts stable vehicle purchases despite changing economic outlooks for Q3, 2022
Toronto, Ontario — AutoTrader has released its latest “vehicle purchase intentions” study with one particularly surprising result—24 percent of Canadians polled expect to buy a vehicle in the third quarter of 2022, 6 percent higher than the 18 percent who expected to buy a vehicle in the third quarter of 2021. According to the study, […]
Strategic Planning: AkzoNobel adjusts prices to counter shipping crisis, sees 19 percent revenue increase
Amsterdam, Netherlands — AkzoNobel has released its Q3 2022 financial results, reporting strong revenue gains thanks to price hikes outpacing expected losses from lower volume, higher material costs and global inflation. Specifically, the company has increased its revenue by 19 percent by increasing prices by 13 percent, justified as a way to offset increases in […]
Pay to Play: BMW locks certain digital functions behind paywall
Seoul, South Korea — Taking a cue from the airline industry and mobile gaming, BMW is pushing paid subscriptions as the only way customers access certain services. According to BMW South Korea’s website, several functions on consumer BMWs have been rebranded as the “connected booster package,” locking off certain digital functions behind a subscription-based paywall. […]
Under Lock and Key: Regina Police warn local auto businesses of increased theft
Regina, Saskatchewan — Last week, the Regina Police Service said it had witnessed an increase in a specific type of business-related auto theft, targeting businesses like auto repair shops and dealerships that use drop-boxes for customers’ vehicle keys. Since August 2021, five separate collision repair centres have reported their drop boxes and the keys inside […]
