Products: Page 10

Collision Repair

Up at Axalta: Revenues up nine percent year-over-year, driven by ‘higher average price’

Toronto, Ontario — Axalta Coatings posted earnings of 20 cents per

Financial

Paint Profit: AkzoNobel grows revenue on increased pricing

Toronto, Ontario — AkzoNobel reported its Q4 2022 and full-year 2022 financial results on Tuesday, with increased revenues driven by price increases. The company reported a 13 percent revenue increase for the full year 2022, compared to 2021. Pricing was up 14 percent. Operating income for the year was reported at €708 million (2021: €1,118 […]

Products

School in Session: Axalta and SATA partner to provide training at new Ontario location

Vaughan, Ontario — Axalta Coatings and SATA have announced a new training partnership, replacing the Axalta Training Center in Ajax, Ont. with Axalta Training at SATA Canada. According to Wednesday’s press release from Axalta, this partnership will provide Axalta and its refinishing customers access to the new SATA Ontario location,. Axalta refinish customers will have […]

Collision Repair

Props to PPG: PPG ranked no.4 most admired chemical company, says Fortune list

Toronto, Ontario — There are companies like PPG—and there are companies that wish they were like PPG—companies that wish they too were being recognized for the fifteenth time on Fortune Magazine’s 2023 Most Admired Companies list, according to a Wednesday press release. The global automotive coatings manufacturer has long been a fixture on the publication’s […]

Products

Built to Last: J.D. Power releases 2023 ALG Residual Value Awards

Toronto, Ontario — J.D. Power has released its nominees for the 2023 ALG Residual Value Awards, recognizing OEMs for producing vehicles with the highest projected manufacturer’s suggested retail price (MSRP) after a three or four year time frame, for premium and mass market vehicles respectively. According to J.D. Power, these awards are a vital consideration […]

Products

A Spark of Solidarity: Rising LOR and repair complexity demand industry alignment, Enterprise Q4 report says

Toronto, Ontario — Enterprise published its length of rental report for Q4 2022 on Tuesday, with results that, in one respect point to pre-pandemic levels of stability, but otherwise bear much of the same disheartening news as LOR reports of the recent past. Enterprise says that despite an average length of rental (LOR) increase of […]

Expensive Expansions: Canada’s largest Tesla service centre planned for Hamilton mall

Hamilton, Ontario — Electric vehicle manufacturer, Tesla, is opening a 60,000 square foot service centre in Hamilton, Ont.,  that promises to provide customers services like “software updates, paintless bolt-on panel replacement and/or dent removal,” and more. According to a letter obtained by Drive Tesla Canada, this location is planned to open at the CF Lime […]

Tuesday Ticker: Toyota remains world’s top-selling automaker; EV stocks rally and drop

Toronto, Ontario ⁠— Toyota remains the top-selling automaker globally, but not in Canada; Lucid and other EV stocks see a short-lived increase and Uni-Select prepares to unveil its Q4 2022 results in this weekly Tuesday Ticker. Toyota on top Toyota sold more than 10.5 million vehicles in 2022, retaining its spot as the world’s top-selling […]

Blue Screen Beware: Ford recalls Explorer, Lincoln Corsair and Aviator vehicles for rearview camera malfunctions

Washington D.C., United States — Ford Motor Co. is recalling 462,000 vehicles globally, citing faulty video outputs that may prevent rearview cameras from displaying. According to a National Highway Traffic Safety Administration (NHTSA) timeline, this recall impacts 2020 to 2023 model year Ford Explorers, Lincoln Corsairs and Aviator vehicles with 360-degree cameras. Under this defect, […]

Generational Learning: BASF deemed one of Canada’s Top Employers for Young People, says Mediacorp

Mississauga, Ontario — BASF has been named one of Canada’s Top Employers for Young People by Mediacorp, an award recognizing the BASF’s commitment to support young professionals entering the worldforce and maintaining initiatives to retain talent in the company. Mediacorp credits BASF Canada for its employee development programs aimed at young talent, including a development […]

Precious Paint: Infiniti unveils limited edition Black Opal Metallic paint for 2023 Q50

Toronto, Ontario — The black opal, one of Oceania’s rarest and most stunning gems, will now grace Infiniti showrooms in Canada as the luxury automaker announced that Black Opal Metallic paint will be offered on 2023 Q50 Red Sport ProACTIVE models for a limited time. Infiniti says Black Opal aims to emulate the iridescent, colour-changing […]

Home Testing: Automotive Journalists Association of Canada announces best vehicles for 2023 across 12 categories

Toronto, Ontario – The Automobile Journalists Association of Canada (AJAC) announced its candidates for the best vehicles in Canada for 2023 on Thursday, spanning 12 categories, including cars utility vehicles, EVs and more. This brings 11 OEMs one step closer to winning the 2023 Canadian Car of the Year and 2023 Canadian Utility Vehicle of […]

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