Tuesday Ticker: Magna blows analysts’ minds; Toyota potentially seeks financial assistance
Toronto, Ontario — In this weekly Tuesday Ticker, Magna blows analyst expectations out of the water and sees shares jump almost 15 percent; while a government source teases that Toyota could soon seek Ottawa’s assistance in its shift to EV assembly. Magna’s shares move Magna saw its shares surge last Friday as the Aurora, Ont.-based […]
Network in Nevada: Early registration open for 2023 MSO Symposium
Nevada, Las Vegas — Advisory board members and administrators of the MSO Symposium announced that registration for the 12th annual meeting is now open. The symposium, designed for collision repair facility owners, executives, and industry leaders, will take place at the Mirage Convention Center in Las Vegas, Monday, October 30th, prior to the start of […]
Money on the Table: Labour shortage has cost Canadian economy $13 billion since 2021, CME report says
Toronto, Ontario — A new report from the Canadian Press shows that the nation’s ongoing skilled labour shortage is not only grinding many collision centres to a halt, but is actively bleeding our economy dry, as $13 billion has been lost over the past year alone. The Canadian Manufacturers and Exporters’ (CME) annual labour survey, […]
Who is Al Berta?: ‘Alberta is Calling’ campaign aims to draw skilled trades talent to the province
Edmonton, Alberta — Falling in step with similar projects launched in Nova Scotia and Saskatchewan, the government of Alberta unveiled the “Alberta is Calling” campaign on Monday, which aims to sell the province as the place to be for Canada’s skilled trades workers. Operating within the Toronto and Vancouver markets, the campaign is intended to […]
Waved Away: Tesla to cut 10 percent of jobs based on Musk’s ‘super bad feeling’
Toronto, Ontario — About 10,000 people are expected to lose their jobs because their billionaire CEO has a “super bad feeling” about the economy. You could probably guess who we’re talking about already. In an email to Tesla executives obtained by Reuters, Elon Musk said he wants to “pause all hiring worldwide” and layoff 10 […]
Electric Expenses: How the 2022 federal budget will affect the EV industry
Toronto, Ontario — As the nation begins a new fiscal year, Ottawa unveiled the 2022 Federal Budget last week, with a number of noteworthy highlights relating to the electric vehicle industry. This year’s budget came with the hopeful subtitle, “A Plan to Grow Our Economy and Make Life More Affordable,” and promises to do just […]
Prairie Performance: Saskatchewan reports 61 percent climb in mfg. sales since June 2020
Regina, Saskatchewan — Saskatchewan’s government is reporting “strong signs of economic recovery” as the province declares a 61 percent increase in manufacturing sales in June 2021, as compared to last year’s numbers. “Manufacturing sales are trending upwards for Saskatchewan, continuing to show a strong post-pandemic economic recovery,” said Minister of Trade and Export Development Jeremy […]
Springtime Supply: Auto maintenance shops see surge in traffic and repairs
London, Ontario — Spring tends to be a busy time for the auto shops—even amid a global pandemic—as drivers switch from Winter to Summer tires. However, according to a CBC article some London, Ont., auto shops are beginning to notice an increase in battery issues and brake work, on top of the tire change demand. […]
BASF launches Norbin brand in Canada
Southfield, Michigan — March 28, 2016 — BASF Automotive Refinish has officially launched Norbin in Canada. Norbin consists of value-priced primers and clears. The products are now available through BASF distributors. “Made with BASF technology and easy-to-use, Norbin is designed for the economy segment,” said Amy Kramer, BASF Inside Sales Manager. “Norbin allows our distributors […]
Movers and shakers: Introducing the Collision Repair magazine Stock Index
By Jeff Sanford Toronto, Ontario — December 2, 2105 — Everyone in the auto claims economy knows the collision repair sector is larger than just the shops that do the repairs. A bevy of companies provide the paints, tools and products that experts use to repair cars. Many of these manufacturers are publicly traded companies. […]
