Two for One: CARI convention, ARAAC board meeting to overlap in Halifax in June

Halifax, Nova Scotia — In what organizers are calling an unprecedented “mega-meeting” of Canadian auto recyclers under a single roof, the Canadian Association of Recycling Industry (CARI) has set a date for its eighty-second Annual Convention in Halifax. This year’s convention, currently slated for June 8 to 10, will see several high-profile recycling industry meetings […]

Bought by the Bros: IAA Inc. purchased by B.C.-based Ritchie Bros. Auctioneers

Burnaby, British Columbia — Ritchie Bros. Auctioneers, a Canadian equipment marketplace based in Burnaby, B.C., said Monday that it would purchase U.S.-based IAA Inc. in a US$7.3 billion deal. The company said the deal aligns with Ritchie Bros.’ goal of diversifying into the salvage vehicle market. Ritchie Bros. touted a market cap of approximately US$6.9 […]

Return to Sender: Ford partners with Everledger to launch EV battery passport program

Toronto, Ontario — Digital tech start-up Everledger has signed onto a partnership with Ford to launch an electric vehicle battery passport program that aims to track and reclaim the batteries of the OEM’s end-of-life EVs for recycling. Everledger’s platform uses several forms of AI and blockchain technology to track batteries throughout their lifecycle, and thanks […]

CARI Camaraderie: Organization hosts 25th annual Consumer’s Night

Toronto, Ontario — The Canadian Association of Recycling Industries (CARI) held its 25th annual Consumer’s  Night last week, where friends of the organization gathered at the Sheraton Toronto Airport Hotel for networking opportunities and an evening of programming alongside company representatives, CARI staff, board members and association members from both Canada and the United States. […]

THE GOOD, THE BAD AND THE UGLY

We’re talking about salvage auctions Column by STEVE FLETCHER Auto recyclers rely on a steady flow of total loss vehicles from the insurance industry to secure their inventory of parts to provide to collision repairers and insurers—ideally to lower cycle time and severity and prevent further total losses. The balancing of interests in this mini-circular economy, […]

Revenue in Recycling: Stellantis to expand circular economy business unit

Amsterdam, Netherlands — Stellantis has announced its mission to generate more than $2.6 billion in savings via a mission to extend the life of its vehicles and parts. The OEM forecasts that it can save €2 billion (CND$2.6 billion) in recycling and reusing parts through its circular economy unit. Stellantis said the main objectives of […]