Tuesday Ticker: Software setbacks for Tesla and promising prospects for GM

Toronto, Ontario — In this week’s auto industry roundup, software troubles with nearly 80,000 models in China are causing Tesla prices to dip further, while General Motors appears to be on the upswing with several new model launches on the way. One Step Forward, One Step Back Tesla’s stock price was dealt yet another blow […]

Cash Back: AutoCanada to buy back $100M of shares from investors

Edmonton, Alberta — On June 28, AutoCanada announced its intent to purchase up to $100 million in shares from its shareholders via a ‘modified Dutch auction,’ with shares for sale between $22 and $25 per share. The company advises shareholders to obtain up-to-date quotes for market prices of the shares, prior to tendering an offer. […]

Tuesday Ticker: August 10, 2021

Toronto, Ontario ⁠— This week, Uni-Select reports its second-quarter financial results, Toyota Canada claims record-breaking July sales numbers and U.S. President Joe Biden says he plans for 50 percent of the nation’s new vehicle sales to be electric. Uni-Select says up, up and away Uni-Select reported its second-quarter financial results last week, reporting “strong market […]

Tuesday Ticker: May 18, 2021

Toronto, Ontario ⁠— In this week’s Tuesday Ticker, Tesla waves ta-ta to Bitcoin transactions, Stellantis sets a ten-year timeline for its 14 OEM brands to prove their power (or else) and DesRosiers Automotive Consultants President sells his remaining shares of the company. Tesla says bye-bye, Bitcoin Tesla has suspended its acceptance of Bitcoin payments for […]