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: Tesla advises ‘notably lower’ growth rate in 2024; Stellantis struggles in North America
Toronto, Ontario — In this weekly Tuesday Ticker, Tesla shares take a hit as CEO Elon Musk advises “notably lower” growth in 2024 compared to what was experienced in 2023. Plus, Stellantis struggles to gain its foothold in the North American market. The Tesla tumble Shares of Tesla dropped 11 percent last Wednesday as the […]
