Tuesday Ticker: Analysts expect good results from Rivian; GM to build batteries in Ont.
Toronto, Ontario — In this weekly stock watch, Rivian gets a rise after analysts raise their targets; General Motors makes electrifying plans in Ontario; and Uber sets up two new streams for Canadian revenue. Rivian is on the rise Rivian’s been hot this summer—the EV company’s stock is up 60 percent through the month of […]
Tuesday Ticker: Tesla downgraded by several brokers; Uber plans new service for Toronto
Toronto, Ontario — Tesla ends a winning streak, an Ontario-based miner preps to supply lithium to the industry and Uber plans a new service for Toronto. Downgrades galore Tesla shares have fallen seven percent in the last week, following downgrades from multiple Wall Street brokerages. Goldman Sachs cut Tesla to a “hold” rating on Monday, […]
Tuesday Ticker: Uber Canada drops 18+ age requirement; Rivian rides an upswing
Toronto, Ontario — In this post-long-weekend Tuesday Ticker, we cover Uber’s decision to allow teenagers on the app, while Rivian rides a small uptick in its share prices. Uber’s open policy Uber Canada is allowing teens to set up their own accounts on the app this summer as the rideshare company seeks to expand across […]
Tuesday Ticker: June 21, 2022
Toronto, Ontario — In this weekly stock update, Uber loses a North American exec and Tesla CEO Elon Musk makes some curiously timed layoffs. Do the Uber shuffle Dennis Cinelli, the head of Uber’s ride operations in the United States and Canada, is stepping down, according to reports from undisclosed sources. Cinelli is reported leaving […]
Tuesday Ticker: May 24, 2022
Toronto, Ontario — Ford throws seven million more Rivian shares up for sale while Uber tries to offset its losses in Collision Repair’s weekly Tuesday Ticker. Red-tag item, Rivian Last week, it was reported Ford Motor Co. had offloaded eight million shares in electric vehicle startup Rivian. On Monday, May 16, the automaker sold a […]
Tuesday Ticker: April 5, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, Uber celebrates ten years in Canada with some key statistics and Hertz plans to add more electric vehicles to its global fleets. Uber’s uber growth Uber shared some key Canadian statistics alongside its 10-year anniversary of operating in the nation–including the fact that Uber drivers and delivery […]
Green Fleet: Plug’n Drive partners with Uber Canada
Toronto, Ontario — On Feb. 9, Uber Canada announced their decision to partner with Plug’n Drive, a non-profit organization that provides opportunities for drivers to learn about the switch from gas to electric. This partnership aims to support their environmental goals is easing the switch to electric, something 71 percent of Canadian Uber drivers expressed […]
Tuesday Ticker: November 30, 2021
Toronto, Ontario — This week, Uber and Lyft overtake Vancouver and Lion Electric marks gains thanks to a repeat buyer. Taxi? Hail no! Trips via ride-hailing services like Uber and Lyft outnumber taxi rides in Vancouver two-to-one, according to recent statistics commissioned by the BC Passenger Transportation Board and compiled by Hara Associates. Researchers in […]
Tuesday Ticker: March 16, 2021
Toronto, Ontario — Ontario embarks on a virtual trade tour to encourage business with California’s auto sector, Canadian Uber workers reject the company’s proposal to soothe tensions and Axalta acquires a Chinese wire-enamel company in this week’s Tuesday Ticker. Ontario on tour The Ontario government is currently leading 18 of what it calls “the province’s […]
