An Electric Expansion: CARSTAR London Centre (Don-Mor) achieves VinFast certification; sees increase in EV repair
London, Ontario — CARSTAR London Centre (Don-Mor)–which has been a Tesla Approved Collision Centre (TACC) since December 2023—reports that electric vehicles (EVs) now account for a significant share of the business, with the shop having added VinFast to its portfolio of OEM certifications. “The strategic decision to integrate Tesla repairs into the store’s service portfolio […]
Verified by VinFast: CSN 427 certified for VinFast repairs
Toronto, Ontario — CSN 427, owned and operated by the D’Alessandro family and Lorenzo D’Alessandro, has secured its latest OEM certification in Vietnamese EV manufacturer VinFast. “We are very excited to be chosen by the VinFast Certified Collision program,” D’Alessandro told Collision Repair. “[VinFast] is an electric brand that is making rapid strides in […]
Tuesday Ticker: Analysts talk Tesla, while the automaker sells beer; VinFast acquires its battery maker; GM-Unifor deal ratified
Toronto, Ontario — This week, Tesla dabbles in beer sales while analysts critique its 2023 profitability promises; VinFast tries to cut costs on batteries and General Motors workers ratify a new agreement. Tesla gets tumultuous Analysts expect Tesla’s Q3 margins to drop compared to the previous quarter, mainly due to the automaker’s recent decisions to […]
Tuesday Ticker: AutoCanada settles outstanding litigation; Volvo plans to lay off 10 percent of workforce
Toronto, Ontario — In this weekly Tuesday Ticker economics report, AutoCanada resolves a four-year dispute with its former CEO and chairman, while Volvo announces extensive job cuts in North America. Resolution reached AutoCanada and CanadaOne Auto Group announced today that they have agreed to resolve the legal proceedings between AutoCanada, Patrick Priestner and CanadaOne Auto […]
Tuesday Ticker: VinFast drops, Rivian hires seasoned pro
Toronto, Ontario — In this weekly Tuesday Ticker, VinFast’s share prices dropped almost as much as they grew when the stock first dropped; while Rivian hires a seasoned OEM exec as it buckles down for a busy few months. They rise, they fall VinFast shares exploded when the electric automaker began trading on Nasdaq in […]
Tuesday Ticker: VinFast’s massive valuation; Rivian raises production forecast
Toronto, Ontario — This week’s Tuesday Ticker covers VinFast’s valuation increase and Rivian’s decision to up production guidances for 2023. Viva la VinFast VinFast went public on the Nasdaq last week, with a whopping US$85 billion valuation—almost twice that of General Motors or Ford, the two largest automakers in the U.S. The Vietnamese EV maker […]
Tuesday Ticker: VinFast approved for Nasdaq IPO stock listing; Martinrea reports records
Toronto, Ontario — This week, VinFast gets approval to list on Nasdaq; Axalta reports its Q2 2023 results and auto parts manufacturer Martinrea doubles its adjusted net earnings compared to Q2 2022. Go for VinFast Vietnamese electric vehicle manufacturer VinFast will soon trade on the Nasdaq, following the approval of its merger into a special […]
Star of Saskatoon: Kavia Autobody achieves VinFast certification
Saskatoon, Saskatchewan — With sights seemingly set on cornering the luxury EV repair market, AutoCanada announced Saturday via LinkedIn that Kavia Autobody in Saskatoon has achieved certification from VinFast. This impressive step forward for the rapidly growing MSO group builds on a major milestone from earlier in the month, when AutoCanada saw its Burwell Autobody […]
EV/AV Report: VinFast’s first North American shipment recalled; Ford to use Supercharger-compatible ports in future models
Toronto, Ontario — VinFast’s entry into the U.S. market meets some bumps on the road, while Ford EV drivers gain access to Tesla’s Supercharger network. This is the latest in electric and autonomous vehicles. Slow start for VinFast Bad news for early adopters of breakout EV automaker VinFast, as the company’s very first shipment of […]
First Steps: Burwell Autobody in London, Ont. becomes first VinFast certified shop in North America
London, Ontario — Burwell Autobody in London, Ont. has officially made history as the first collision repair centre in North America to secure approval from VinFast into its certified collision repair network. The shop’s parent company, AutoCanada, announced the news via LinkedIn last week, noting the significant accomplishment of Burwell Autobody becoming the first repair […]
