Anita Balakrishnan

1 week ago | thelogic.co | Anita Balakrishnan

Shareholders approved all proposals at the 7-Eleven’s Japanese parent company’s annual general meeting, greenlighting a dividend hike and the appointments of new CEO Stephen Hayes Dacus and the other board directors. (The Logic)Talking point: With their renewed mandate, Dacus and the board must prove that a U.S. initial public offering will serve investors better than Couche-Tard’s US$47 billion takeover offer.

2 weeks ago | thelogic.co | Anita Balakrishnan

Jeff Hines, president of the automaker’s Canadian division, assured industry minister Mélanie Joly that Stellantis would protect “all jobs” in Canada, despite the company’s decision to postpone the ​​Canadian-made Dodge Charger Daytona R/T electric vehicle for 2026. (The Logic)Talking point: Joly said the delay was linked to tariffs, and said that she will continue to speak with Hines to “get to a good place” on its EV investments.

2 weeks ago | thelogic.co | Anita Balakrishnan

Lion Electric’s consortium of buyers plans to transfer some of its employees to a shell company to fire them, the Attorney General of Canada’s court filing says. Lion’s owners aim to enroll those workers in the Wage Earner Protection Program, a move the attorney general condemned as “legal fiction” in a court filing. (The Logic)Talking point: An ongoing court case to decide the electric-vehicle firm’s fate just got more complicated.

2 weeks ago | thelogic.co | Anita Balakrishnan

The Quebec City-based maker of autonomous-driving technology said it will lay off 138 workers across all its offices. It hopes to buy time to either restructure its debt, sell itself or seek creditor protection, according to a press release. (The Logic)Talking point: LeddarTech failed to reach a financing or debt relief deal by late Tuesday, and its May 23 deadline to raise US$9.7 million is nearing. The layoffs, the software company said, will preserve cash as negotiations persist.

2 weeks ago | thelogic.co | Anita Balakrishnan

Shares in Chinese battery giant Contemporary Amperex Technology (CATL) rose as much as 18.4 per cent above the offer price on their first day on the Hong Kong Stock Exchange. (The Logic)Talking point: Automakers like Honda may be slowing their EV production plans, but China is embracing the technology. CATL’s newest EV battery can charge at a rate as high as 75 kilometres every 30 seconds, giving drivers up to 800 kilometres in driving range, the Ningde, Fujian-based firm said last month.