Tuesday Ticker: Rivian, VINFast reveal layoffs; Canadian Tire shares climb 12 percent year-to-date
Toronto, Ontario — This week, two electric vehicle makers announce job cuts in the North American market while Canadian Tire revives its share prices. Relieved from Rivian Rivian is laying off six percent of its workforce, CEO R.J. Scaringe announced in an email to employees last week. Analysts suspect the layoffs to be prompted by […]
Hot Seat: 6,400 Canadian-sold heated seat cushions are being recalled due to a potential burn hazard
Toronto, Ontario — Thousands of heated car seat cushions sold in Canada are being recalled because of a potential burn hazard. The recall covers AutoTrends heated cushions sold by Canadian Tire. Health Canada says 6,400 products were affected from January 2017 to May 2021. Currently no injuries have been reported. However, there have been six […]
EV/AV Report: March 15, 2021
Toronto, Ontario — This week, Quebec-based battery recycler Lithion joins forces with an OEM, Saskatoon inches closer to electrifying its city fleet and Canadian Tire unveils endeavours in the world of autonomous trucks. Hyundai battery boost Hyundai Canada and Quebec-based battery recycler Lithion Recycling have announced a service agreement to increase the OEM’s sustainable production […]
