Tuesday Ticker: Fisker pauses production, aims to raise US$150 million in funds; while Ont. Premier teases ‘banner year’ for auto industry
Toronto, Ontario — In this weekly economics report, Fisker announces its plan to pause EV production amid bankruptcy rumours and other financial decisions from the company, while Ontario Premier Doug Ford teases a “banner year” for the industry, thanks to jobs in the EV supply chain. Fisker’s finances Electric vehicle maker Fisker is pausing EV […]
Tuesday Ticker: Elon Musk disagrees with attorneys; Martinrea marks Q4 2023 numbers
Toronto, Ontario — In this weekly Tuesday Ticker, Elon Musk is told he does not deserve a share payout for his work with Tesla, while Martinrea reports its financials for the quarter ended Dec. 31, 2023. Touchy topics at Tesla A Tesla shareholder argued last week in a Delaware, U.S., court that Elon Musk does […]
Tuesday Ticker: Tesla rakes in regulatory credit cash from other automakers; Stellantis sees significant profit drops
Toronto, Ontario — It’s eyes on automakers in this weekly Tuesday Ticker as Tesla rakes in cash from other automakers, while Stellantis reveals that profits fell 10 percent in the latter half of 2023 due to United Auto Workers strike action. Regulatory revenues Tesla continues to earn funds in regulatory credit revenue, despite the OEM’s […]
Tuesday Ticker: Stellantis shuts down merger speculation; EV automakers continue to drop
Toronto, Ontario — In this weekly automotive economics report, Stellantis shuts down merger rumours, while EV stocks continue to slip, keeping up with the 2024-thus-far trend. Stellantis slices down rumours Stellantis chairman John Elkann has commented on press speculation that the automaker was considering a merger with French OEM Renault, saying there is “no plan […]
Tuesday Ticker: Unifor union workers prepare for potential strike; Driven Brands to repurchase US$50m in shares
Toronto, Ontario — In this weekly Tuesday Ticker, Unifor holds a strike vote for its 18,000 auto workers, while Driven Brands plans a share repurchase. Uh oh, Unifor could strike Unifor union members have voted to strike if they cannot reach an agreement with the Detroit Three—Ford, Stellantis and General Motors—before 11:59 p.m. on Sept. […]
Tuesday Ticker: AutoCanada marks ‘record-setting’ quarter; Toyota teases new Prius, despite low model sales
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada reports its Q3 financial results, adding more than $45 million in acquisitions to its portfolio. Meanwhile, Toyota teases the fifth-generation Prius amid decreasing global sales numbers, and Volkswagen crosses a finish line far earlier than planned. ‘Another record-setting quarter’ AutoCanada reported financial results last Wednesday, marking […]
Scotiabank Economics reports that global car sales expected to climb to a ninth consecutive annual record in 2018
Toronto, Ontario — January 30, 2018 — Global car sales are expected to gather speed in 2018, to a ninth consecutive annual record. A further acceleration in economic growth across all regions and healthy financial conditions are expected to extend the sales cycle further. “Stronger economic growth and replacement demand are expected to drive […]
