As General Motors prepares to make more ventilators, which are needed for critically-ill COVID-19 patients, the company will need to source parts from China — and may have to deal with a 25 per cent tariff upon entry into the U.S. “In a letter to the U.S. Trade Representative, the automaker has asked the Trump administration to drop the import charges on the parts, which will otherwise make the ventilators more expensive and take longer to build.” (Source: Driving.ca) Read the original story…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
A new analysis by market intelligence firm IDTechEx was released in the wake of the United States’ implementation of a broad range of tariffs. It found that, of the 1.3 million electric vehicles sold in 2024, 66% were assembled in …
Hyundai and General Motors have announced plans for their first five co-developed vehicles, with four of the vehicles aimed at the Central and South American market. The OEMs will also co-develop an electric commercial van for North America. Hyundai and …
Data from Equifax’s Canada Q3 Business Credit Trends Report may be of interest to dealers, especially those just starting out, as findings show newer Canadian businesses are driving significant growth in debt balances. The company said it sets a complex …
Go Auto has acquired two new dealerships in Richmond, B.C.: Go Richmond Subaru (formerly Richmond Subaru) and Go Richmond Kia (formerly Kia Richmond). “These acquisitions further solidify our presence in the Greater Vancouver Area and align with our strategic goal …
U.S. President Donald Trump’s tariff strategy to shift automotive manufacturing from Canada back to the United States appears to be working, with Unifor calling for swift action after General Motors announced it would reduce shifts at its Oshawa Assembly plant …
Automotive industry players in Canada likely heaved a sigh of relief after the federal government announced trade talks between Canada and the United States will resume. Both parties are eyeing a deal by July 21. It was not Canada’s automotive …