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 […]
Tap and Go: Budget, Avis and Hertz on board with Uber Rent in Canada
Toronto, Ontario — Collision shops that offer rental vehicle services may want to take note, as the launch of “Uber Rent” in May has drivers re-thinking what the best options are for a temporary set of wheels. Via a new category within the Uber app, users can now use their phones to book a vehicle […]
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: Bullish analyst downgrades Rivian; Mercedes-Benz opens Canadian raw materials office
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian sees a 76 percent downgrade from a known bullish market analyst; an advocacy group questions Uber’s average pay in Toronto and Mercedes-Benz opens a raw materials office to pursue EV battery mineral sources. Reluctant on Rivian Shares of Rivian Automotive have fallen 10 percent since Mar. […]
Tuesday Ticker: June 7, 2022
Toronto, Ontario — Listen up for this weekly stock report! This week, a Quebec-based convenience giant teases plans to grow bigger, while a new rideshare service tests the waters in smaller B.C. cities. Charge with Couche-Tard Alimentation Couche-Tard said it has deployed “hundreds” of electric vehicle chargers available at 200+ North American locations over the […]
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 […]
EV/AV Report: January 3, 2022
Toronto, Ontario – In this week’s electric and autonomous vehicle report, new details are divulged on the Project Arrow concept EV being developed by the APMA, Uber prepares for a driverless food-delivery pilot project in California and General Motors quite literally took a shot across Tesla’s bow. Path of the Arrow An executive from the […]
Tuesday Ticker: December 14, 2021
Toronto, Ontario — This week it’s all about the electric automakers as Tesla shares drop and Rivian sees a rise. Up and down Despite Tesla CEO Elon Musk’s recently-announced title of TIME Magazine’s 2021 Person of the Year, Tesla stock fell sharply on Monday. Shares fell about 4.7 percent amid Monday’s trading. Analysts suspect the […]
