Amazon has reportedly agreed to purchase self-driving startup Zoox for more than $1 billion. The move would allow the retail giant to expand its reach into autonomous vehicle technology. “A majority of Zoox investors are getting their money back, with some making a positive return,” said Reuters, in reference to a report by the Information. “Lux Capital, DFJ and Atlassian co-founder Michael Cannon-Brooks are some of the investors.” (Source: Reuters) Read the original article…
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.
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 …
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 …
Automotive State of the Union (ASOTU) has launched a docuseries on Prime Video about the automotive retail industry that shares untold stories they say will shatter industry stereotypes and “reveal a world few get to see.” The series is called …
Uncertain times are having dealers wondering about their exit timing Many of us are looking forward to watching 2024 ride into the sunset. With eager anticipation, we are hoping to see a red sky followed by a year of dealer delight. …
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 …