Tuesday Ticker: EV demand influencing Volkswagen sales; Rivian misses Q3 delivery expectations, cuts production guidance
Toronto, Ontario — In this weekly Tuesday Ticker, Volkswagen mulls reasons for its decreased passenger car sales, while Rivian seeks loans and reduces its full-year production forecasts. Volkswagen on a tightrope Volkswagen’s passenger car sales are down more than one full percentage point, and EVs could have something to do with it. In early September, […]
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 […]
Tuesday Ticker: EV makers Lucid, Rivian make positive share gains
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian stocks see a near 15 percent gain over five days, with exorbitant growth on Friday. Plus, Lucid sees stocks surge—and drop again—following positive comments from its CEO. Rivian making gains Shares of Rivian are up 13 percent over the last five days, following citations of a […]
Tuesday Ticker: AutoCanada reports Q1 results, citing ‘challenging operating dynamics’; Magna reveals Q1 numbers
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada reports decreased Q1 2024 revenues, compared to Q1 2023, while Magna’s financial results touch on the company’s relationship with EV maker Fisker. A ‘challenging’ quarter Edmonton, Alta.-based dealership group AutoCanada reported its Q1 2024 results last week, commenting that market conditions culminated in “challenging operating dynamics […]
Tuesday Ticker: Robotaxi beckons; Toyota takes over Daihatsu operations
Toronto, Ontario — In this weekly Tuesday Ticker, Tesla teases a “robotaxi” rollout, while Toyota claims the reins for its subsidiary’s operations outside Japan. Meanwhile, Unifor lets Ford know how it feels about its decision to delay EV production by two years. Robotaxi rollout Tesla CEO Elon Musk has announced that the company’s long-awaited autonomous […]
Tuesday Ticker: Tesla rakes in regulatory credit cash from other automakers; Stellantis sees significant profit drops
Toronto, Ontario — It’s eyes on automakers in this weekly Tuesday Ticker as Tesla rakes in cash from other automakers, while Stellantis reveals that profits fell 10 percent in the latter half of 2023 due to United Auto Workers strike action. Regulatory revenues Tesla continues to earn funds in regulatory credit revenue, despite the OEM’s […]
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 […]
Tuesday Ticker: Tesla shares drop three percent amid supply chain and other struggles; Toyota makes plans for a stellar year
Photo: Gigafactory Berlin-Brandenburg. Michael Wolf. Toronto, Ontario — In this weekly Tuesday Ticker, Tesla faces a triple threat of troubles, while Toyota makes plans to break production records for the second consecutive year. The NASDAQ remained closed on Monday due to Martin Luther King Day. Tumultuous times for Tesla Tesla is facing supply chain delays […]
Hello to Harmon: Driven Brands adds Damien Harmon to Board of Directors
North Carolina, United States — Driven Brands has announced the election of Damien Harmon of Best Buy to its Board of Directors, effective Jan. 1, 2024. Harmon is the senior executive vice president of customer, channel experiences and enterprise services for Best Buy Co. Inc., where he is responsible for the end-to-end customer experience and […]
Tuesday Ticker: Tesla launches new incentive program; Rivian questioned by shareholders
Toronto, Ontario —This week, we look into the effect of Tesla’s new global incentive program (available in Canada!) while Rivian celebrates success despite hefty accusations. Tesla’a latest move in the EV price war Tesla has launched a new incentive program allowing customers across the globe to get extra incentives through referrals from their pals. The […]
