Tuesday Ticker: Stellantis to conduct brand review; Tesla increases Canadian destination and documentation fees by 33 percent
Toronto, Ontario — In this weekly Tuesday Ticker, Stellantis CEO Carlos Tavares warns of impending brand reviews, while potential Tesla buyers in Canada weigh their options after the automaker ups fees. Prepare for review Stellantis will review the performance of its brands in the next two to three years to determine whether to reduce the […]
Tuesday Ticker: AutoCanada reports Q2 2024 financial results; Rivian pauses Amazon van production
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada announces its Q2 2024 results and says it’s performing a “strategic review” of its non-profitable and non-core operations, while Rivian stocks dip due to a production pause. About AutoCanada AutoCanada’s Q2 2024 total sales decreased 8.8 percent year-over-year, and the company is performing a “strategic review” […]
New Age: Boyd Group spent US$4.8 million on network technology upgrades in Q1 2024, increased scanning and calibration workforce by 60 percent
Winnipeg, Manitoba — Boyd Group Services released its Q1 2024 financial results on Wednesday, revealing the company spent US$4.8 million on network technology upgrades in the first three months of 2024. Company CEO Tim O’Day added that the company has increased the number of scanning and calibration services it can perform in-house by increasing its […]
Tuesday Ticker: Toyota, Subaru announced expansions in EV partnership; Rivian beats analyst revenue estimates
Toronto, Ontario — Toyota and Subaru make a pact in the name of battery-powered vehicles, while Rivian beats out analyst estimates despite wider-than-anticipated losses-per-share in this weekly Tuesday Ticker. Partners in power Toyota will aid Subaru in manufacturing three new electric vehicles for the latter OE over the next two years, the companies announced Monday […]
Insurtech Investment: CrashBay completes $1.25 million funding round led by Markd
Toronto, Ontario — CrashBay has announced the completion of a $1.25 million funding round led by market venture capital firm Markd, with participation from other collision and insurance industry veterans. CrashBay is a digital marketplace specializing in end-to-end collision repair solutions for fleets and carriers. Car owners and carriers can book appointments with shops across […]
Tuesday Ticker: Elon Musk disagrees with attorneys; Martinrea marks Q4 2023 numbers
Toronto, Ontario — In this weekly Tuesday Ticker, Elon Musk is told he does not deserve a share payout for his work with Tesla, while Martinrea reports its financials for the quarter ended Dec. 31, 2023. Touchy topics at Tesla A Tesla shareholder argued last week in a Delaware, U.S., court that Elon Musk does […]
Tuesday Ticker: PPG, Axalta, AkzoNobel report Q4 and full-year 2023 results
Toronto, Ontario — This weekly Tuesday Ticker is focused on coatings performance for Q4 and full-year 2023. Check out earnings and reports from PPG, Axalta and AkzoNobel in this week’s feature. PPG marks more records PPG reported record fourth-quarter sales for 2023, with net sales of $4.4 billion, up four percent year-over-year. For the full […]
Tuesday Ticker: Rivian hires longtime Apple hardware designer
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian goes Apple picking for new hires, while AutoCanada marks a date for its Q4 2023 and full-year 2023 results call. AutoCanada’s annuals Edmonton-based dealer group, AutoCanada, will release its financial results on Thursday, March 7, 2024, before the markets open, the company announced this past Monday […]
Tuesday Ticker: General Motors adjusts to contract costs; Toyota offloads auto supplier shares
Toronto, Ontario — In this weekly Tuesday Ticker, General Motors changes some plans following some pricy labour contract costs, while Toyota and its affiliates offload a hefty number of shares in efforts to raise funds for electrification efforts. General Motors makes a U-turn General Motors is scaling back its EV and autonomous vehicle efforts following […]
Tuesday Ticker: Paint providers mark Q3 gains
Toronto, Ontario — In this weekly Tuesday Ticker, we’re looking at the Q3 performance of two paint giants—Axalta and PPG—both of which reported strong performances for the three months ending Sept. 30, 2023. Plus, shout out to Sherwin Williams for marking some significant net sales from U.S. and Canadian storefronts. Axalta aces Q3 Axalta said […]
