Up and Up: AkzoNobel Q1 results beat analyst expectations; reports organic sales growth and improved operating income
Toronto, Ontario — AkzoNobel reported its Q1 2024 financial results yesterday, beating analyst Q1 expectations with a 19 percent increase in first-quarter core profits. Adjusted EBITDA for Q1 2024 was €363 million, versus €305 million a year ago. Revenue was €2,640 for Q1 2024, compared to €2,657 a year ago, reporting a two percent increase […]
Tuesday Ticker: Canadian officials reportedly close to deal with Honda; Rivian stock continues its drop
Toronto, Ontario — In this weekly Tuesday Ticker, Canadian officials get one step closer to a reported deal with Honda, while a market analyst roots for Rivian despite the company’s stock reaching all-time lows. Handshake with Honda Canadian federal officials are close to forming a deal that could see Honda build EVs in Ontario, according […]
Building Futures: SAIT to host Alberta Skilled Trades Instructor Conference
Calgary, Alberta — The Southern Alberta Institute of Technology (SAIT) is set to host the 2024 Alberta Skilled Trades Instructor Conference from April 23rd to the 25th. The event, which will bring together industry and faculty alike, will feature a series of keynote discussions and networking sessions in three main streams: technology advancement, teaching and […]
Stampeding Again: Simplicity Car Care prepares for fourth annual stampede party
Calgary, Alberta — The fourth annual Simplicity Car Care stampede party is set to kick off on July 12th with another year of celebrating the industry alongside the Calgary Stampede. The event will take place at Hallmark Autobody from 4:30 to 8:00 p.m. MDT. Simplicity’s stampede party will specifically kick off with live music at […]
Short-Circuit-Shifting: Toyota recalling 156,000 vehicles for rear doors that may open while driving
Toronto, Ontario — Toyota has announced that it is recalling over 156,000 vehicles in Canada, Japan, Europe and Asia over concerns that its rear doors may open unexpectedly. The recall specifically affects Toyota’s 2023 to 2024 Prius and Prius hybrid-electric vehicles (HEVs), and has to do with concerns that water may enter and cause the […]
EV/AV Report: Canada extends EV rebates; while Waymo begins robotaxi testing in Atlanta
Toronto, Ontario — In this weekly electric and autonomous vehicle report, Canada’s 2024 Federal budget reveals plans to extend the life of electric vehicle (EV) rebates; while Waymo announces the beginnings of robotaxi testing in Atlanta, Georgia. Revving up rebates The 2024 Federal budget, released on April 16th, included a section dedicated to ensuring “More […]
A Veined Visual: Ford patents puddle lamp design capable of identifying a driver’s vein pattern for vehicle access
Toronto, Ontario — Ford Motor Company has filed a patent application for an identification system in mounted puddle lamps capable of reading a driver’s vein pattern for vehicle access. The patent application, originally filed in 2022 and then published on April 18th, describes how a puddle lamp mounted to the side mirrors of the vehicle […]
Bungee Bungles: Driver’s vehicle towed for being held together by bungee cords and seatbelts
Caledon, Ontario — CTV News has reported that police in Caledon, Ont., recently charged a motorist for driving a vehicle held together by bungee cords and seatbelts. The driver, a 23-year-old Tottenham resident was reportedly pulled over on King Caledon Townline near King Street after an officer noticed the rear driver’s side door being held […]
Securing Skills: Skills Nova Scotia sees both repeat champions and over 700 students in attendance
Halifax, Nova Scotia — The Skills Nova Scotia olympic-style event recently saw veteran competitors vying for another year of success in the automotive medal categories. Taking place across various campuses in the province from April 5th to the 23rd, the automotive-specific events took place on April 11th and 12th at the Nova Scotia Community College […]
Ministry Monitoring: Proposed changes to the Motor Vehicle Dealers Act seeking industry feedback
Toronto, Ontario — The Ontario Ministry of Public and Business Service Delivery is consulting on potential changes to the Motor Vehicle Dealers Act (MVDA), and is seeking industry feedback. The proposed document, “Modernizing the Motor Vehicle Dealers Act, 2002,” suggests changes intended to “enhance consumer protection, reduce burden and improve regulatory efficiency.” The document includes […]
