Tuesday Ticker: AutoCanada restructures RightRide division; Stellantis cuts profit outlook
Toronto, Ontario — In this weekly Tuesday Ticker, we look into AutoCanada’s decision to shutter more than half of its RightRide used vehicle sales and service locations. At the same time, Stellantis issues an altered profit guidance amid industry oversupply. Restructuring RightRide AutoCanada is restructuring its RightRide division, closing seven locations—more than half of the […]
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 […]
Moving to the Mall: Kirmac Collision and Autoglass acquires Automall Autobody in Abbotsford
Abbotsford, British Columbia — Kirmac Collision and Autoglass has announced its acquisition of Automall Autobody in Abbotsford, B.C. This acquisition marks Kirmac’s 17th location in the Metro Vancouver market. According to a recent press release, the Abbotsford region was chosen because it is a growing community located one hour from downtown Vancouver and because it […]
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. […]
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 – June 4, 2019
Toronto, Ontario — June 4, 2019 — In this week’s Tuesday Ticker: what the Boyd Group’s recent south-of-the-border acquisitions mean for the Loonie, Fiat Chrysler courts a French OEM, and possible reasons for Honda Canada investment in Ontario education. Boyd Group Bellweather While the Canadian dollar, which is currently hovering around 0.74 USD, may be […]
A week in review – April 5, 2019
By CRM staff Toronto, Ontario – April 5, 2019 – What really happened this week? What were some of the big headlines? Don’t worry, Collision Repair has recapped the five biggest car-collision-related headlines of the week. SGI’s accreditation program hurts small-town shops Saskatchewan Government Insurance (SGI) announced last month at Saskatchewan Association of Automotive Repairers (SAAR) Spring […]
Fiat Chrysler recall
By CRM Staff Toronto, Ontario — February 7, 2019 — Fiat Chrysler is recalling more than 660,000 heavy-duty trucks worldwide. The recall, which pertains to a loose nut that can cause a loss of steering control, covers Ram 3500 pickups from 2013 to 2017, as well as 2500 pickups and 3500 Chassis cabs from 2014 to […]
Dan Black of FCA to guest on next Guild 21 Conference Call
Newport Beach, California — July 10, 2017 — Guild 21 is following up its latest Conference Call on Toyota repair training and resources with another OEM guest, Dan Black, Global Service Support Lead for Body/Chassis/Paint for Fiat Chrysler Automobiles (FCA). The call takes place on Thursday July 11 at 2 p.m. EST. Guild 21 Conference […]
