Tuesday Ticker: May 3, 2022

Toronto, Ontario — This week, LKQ beats out analyst estimates with its Q1 2022 earnings report; Volkswagen considers Canada for future electrified business and Tesla CEO Elon Musk makes a deal to buy Twitter. LKQ’s leap LKQ reported its Q1 2022 earnings last week, beating out analyst estimates with earnings of US$1 per share. Zacks […]

Combustion Bust: Volkswagen will be CO2 neutral in Europe by 2050

Wolfsburg, Germany – German car makers, Volkswagen, will cease the production of combustion engines in Europe by 2035. “In Europe, we will exit the business with internal-combustion vehicles between 2033 and 2035, in the United States and China somewhat later,” Klaus Zellmer, Volkswagen board member for sales, told the Muenchner Merkur newspaper. “In South America […]

Volkswagen agree $290 million settlement following emissions cheating scandal

By Tom Davis Ajax, Ontario — January 15, 2018 — Volkswagen has agreed to a settlement worth up to $290.5 million in Canada after diesel vehicles under the Volkswagen, Audi and Porsche brands were caught up in an emissions cheating scandal. The agreement, which is still subject to court approval, will see the company make […]