Revving Up For the Future: CARSTAR Thunder Bay celebrates grand re-opening of new facility
Thunder Bay, Ontario — The CARSTAR Thunder Bay team—which has been part of the community for over 25 years—recently celebrated the grand re-opening of their new facility. According to a recent press release, “the Trevisanutto family, owners of CARSTAR Thunder Bay, have an over 50-year legacy in Thunder Bay for automotive services, including Nissan, Mazda, […]
Tuesday Ticker: Rivian hits new low; Stellantis vows to never buy regulatory emissions credits
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian disappoints analysts and investors with Q4 and full-year 2023 results, while Stellantis execs discuss the OEM’s vow to never buy a single regulatory credit to meet emissions regulation goals. Rough waters for Rivian Shares of Rivian reached new lows last Thursday after the EV maker reported […]
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 […]
Crossed Wires: Lack of EV insights causing ‘rising tension’ between OEMs and suppliers, says survey
Toronto, Ontario — According to Plante Moran’s OEM-Supplier Working Relations Index (WRI) Study, there is “rising tension” between OEMs and suppliers, largely due to increased risk to short-term cost recovery issues, production scheduling and supply chain disruptions as the industry transitions to electric vehicles. “These are compounded by long-term strategic issues suppliers have, related to […]
Follow the Light: Dodge Journey headlight component recalled after four years of petitions, investigations
Toronto, Ontario — About 5,060 2017 and 2018 Dodge Journeys are due to come off Canadian roads as Stellantis has come forward with news that some of its front amber side reflex reflectors do not meet federal standards. Transport Canada (TC) has officially filed a recall notice for the popular SUV model after a series […]
Tuesday Ticker: November 2, 2021
Toronto, Ontario — This week, Uber outperforms lift in the immediate aftermath of pandemic lockdowns; automakers announce Q3 losses across the board and Tesla CEO Elon Musk looks to solve world hunger with the UN’s assistance. Do you even Lyft? Market analysts say that Uber is outperforming Lyft as ridesharing ramps up from pandemic lows. […]
Local Love: FCA Canada employees raise $900K-plus for Windsor-Essex United Way
Windsor, Ontario — Employees of FCA Canada (now Stellantis) are giving back in a big way to the community that has supported their company for so long with the donation of $943,149 to the United Way/Centraide Windsor-Essex County 2020-2021 campaign. Announced on Tuesday, this donation is the single largest ever made to the United Way […]
Stale Chips: Stellantis idles Windsor, Ont. minivan production until May 3
Windsor, Ontario — Stellantis, formerly known as Fiat Chrysler (FCA), will idle its minivan plant in Windsor, Ontario, until the end of April, due to the global microchip shortage. Production is scheduled to resume May 3, the automaker said. The Chrysler Pacifica, Voyager, Grand Caravan and Pacifica Hybrid minivans are all built at the Windsor […]
Tuesday Ticker: April 6, 2021
Toronto, Ontario — Li-Cycle announces its participation in a run of investor events, Tesla reports strong sales numbers in spite of microchip shortage and FCA also releases it’s Q1 financial report, in this week’s Tuesday Ticker. Investor Circuit Li-Cycle announced that it plans to participate in several upcoming investor events, beginning this week. The company […]
Big Money; Possible Whammies: Stellantis plans to triple EV sales in 2021
Milan, Italy — Stellantis, formed from a merger between FCA and Groupe PSA, is betting big on themselves this year, announcing a plan to triple its global sales of electric vehicles this year, the head of holding company Exor, the carmaker’s main shareholder, said on Thursday. The world’s fourth largest carmaker targets global sales of […]
