Tuesday Ticker: May 17, 2022
Toronto, Ontario — This week, Ford ditches more than 15 million of its shares in Rivian, while a company known for car ‘vending machines’ finds itself in hard times. Rough week for Rivian Ford has offloaded more than US$400 million in Rivian shares this past week. The automaker sold eight million shares of Rivian on […]
Loosening the Leash: Ford sells eight million Rivian shares, totalling $214 million
Toronto, Ontario — Ford is shedding some of its shares in electric vehicle upstart Rivian, according to a filing to the U.S. Securities and Exchanges Commission. The legacy automaker sold eight million Rivian shares on Tuesday, an amount totalling $214 million at $26.80 per share; a relatively small offload considering Ford still holds 94 million […]
A Citrus Situation: Rivian RT1s delivered with orange-peel paint, auto influencer says
Toronto, Ontario — The first Rivian RT1 electric pickup trucks have been appearing on the driveways of some early-adopting EV enthusiasts over the past months and some discerning owners have been quick to criticize the brand for delivering trucks with an “orange peel” finish to its paint. For those who may not know, orange peel […]
Rivian’s Ripening: EV automaker begins building Canadian service network
Vancouver, British Columba — Rivian has started building its service network in Canada as the electric vehicle maker prepares to deliver its first vehicles in the Canadian market this summer. Automotive News Canada reported Friday that Rivian has begun recruiting staff for its Vancouver service centre, though it would not elaborate on how many services […]
Tuesday Ticker: April 19, 2022
Toronto, Ontario — It’s all about automakers in this weekly Tuesday Ticker as electric vehicle stocks are shocked as analysts fret about potential Chinese COVID restrictions; Toyota delivers less-than-surprising news regarding its May 2022 production outlook and Elon Musk continues to worry investors about his mission to buy Twitter. Electric hiccups Electric vehicle stocks saw […]
Tuesday Ticker: March 29, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, General Motors cooperates with authorities following a former manager’s arrest on bribery charges, while Rivian suffers another blow in market analyst predictions. Fixed bids and bribery A former General Motors manager has been accused of taking US$3.45 million in bribes from a South Korean parts supplier, according […]
Tuesday Ticker: March 15, 2022
Toronto, Ontario — In this weekly edition of Collision Repair’s Tuesday Ticker, EV automaker Rivian snags a top exec from Magna while Guelph, Ont.-based Linamar sees significant stock dips due to the ongoing Russia-Ukraine conflict. Plus, AutoCanada reports a personal best for fourth-quarter revenues. Rivian tags Magna exec Electric vehicle maker Rivian announced it has […]
Tuesday Ticker: March 1, 2022
Toronto, Ontario — This week, Tesla and Rivian recover from stock dips, while Ontario plans to introduce legislation for gig workers like Uber drivers and other ride-share drivers. Short circuits for Tesla, Rivian Both Tesla and Rivian took hits to their stocks last week, with Tesla down 5.7 percent last Tuesday and Rivian down 9.2 […]
Heavy Learning: HD Repair Forum announces education lineup for in-person event
Fort Worth, Texas — This year’s Heavy Duty (HD) Repair Forum will focus on the impact of new vehicle technology and prepare the heavy- and medium-duty collision repair industry for the increasing number of electrified and ADAS-equipped vehicles on the road today. It is scheduled for April 5-6 at the Hilton in Fort Worth, Texas. […]
EV/AV Report: December 20, 2021
Toronto, Ontario – In this week’s electric and autonomous vehicle report, Rivian plans to build a $5 billion assembly plant in Georgia, Mercedes-Benz integrates with Hydro-Québec to improve charging options and GM’s BrightDrop delivered its first five EV delivery trucks to FedEx. Rivian went down to Georgia Rivian has a $5 billion plan for the […]
