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Tuesday Ticker: AutoCanada reports Q2 2024 financial results; Rivian pauses Amazon van production

Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada announces its Q2 2024 results and says it’s performing a “strategic review” of its non-profitable and non-core operations, while Rivian stocks dip due to a production pause. About AutoCanada AutoCanada’s Q2 2024 total sales decreased 8.8 percent year-over-year, and the company is performing a “strategic review” […]

Editor’s Note: Key takeaways from AIA Canada’s National Conference 2024

By Allison Rogers This was my third year attending the Automotive Industries Association of Canada (AIA Canada)’s annual National Conference, and there was an overwhelming sense of change in the air. There was, of course, the literal change of Chair for the AIA Canada Board of Directors, which welcomed a familiar face for our readers, […]

THE CURRENT SITUATION

How many EVs are really on Canadian roads? A regional breakdown When the alleged electric vehicle takeover is mentioned, many Canadian consumers, and collision industry members alike, are quick to point out the lack of infrastructure across the nation. In the inaugural edition of our EV Repair magazine, we delved into the data to understand […]

EV Incentives: Ford to set up ‘Retail Replenishment Centres’ for its EV dealers

Dearborn, Michigan — Ford Motor Co. is planning to set up so-called “Retail Replenishment Centres” aimed at helping its dealers reduce the EV inventory they’re required to carry. As of earlier this month, Ford’s Model E Program lost 400 dealers since it was first announced in September 2022 and overall EV enrollment has fallen to […]

More Common Than You Think: EV makers say materials used are common and repairs aren’t always more expensive

Las Vegas, Nevada — Details shared by Rivian and Lucid Motors during this year’s SEMA Show about the structural makeup of the automakers’ vehicles demonstrated that components are more common than stereotypes perhaps popularly project.  Rivian Collision Service Engineering Senior Manager, Dan Black and Lucid Body Repair Technician Manager, Matthew Pitta spoke during a session […]

EV/AV Report: EV’s come packaged; while self-driving cars see in the dark

Toronto, Ontario — In this weekly electric and autonomous vehicle report, Luvly describes how its EV models come flat-pack delivered; and BMW announces that legal self-driving will arrive in 7 Series vehicles in 2024. DIY driving An early-stage Swedish automotive company called Luvly reveals its Ikea-esque approach to automotive production through the development of the […]

Battery Battle: New study reveals some EV batteries cost as much as a brand new car

Toronto, Ontario – A recent study made by Visual Capitalist using data from Benchmark Materials shows calculations for the replacement costs of different battery types in six existing and upcoming EVs.  According to the study, many upcoming EVs that fall into SUV and pickup truck categories also have heavy batteries for extended driving range, and […]

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