Daimler AG shareholders approved the separation of its trucking division, giving it the freedom to “react quickly to changing markets and focus on the new technologies that are transforming the automotive industry,” said CTV News. According to Daimler CEO Ola Kallenius, “by unlocking the full potential of both companies, we are establishing two undisputed innovation leaders who will set the pace in the transformation of their industries.” (Source: CTV News) 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.
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 …
AMBASSADORSHIP For extraordinary service to the community and the industry Duane Rath Motor Hub Auto Group, Truro, NS Most important success factor: The key factors for my success have certainly been my two great business partners. Initially, that was …
2024 CADA Workforce Study explores wages, retention and turnover The findings of the 2024 CADA Workforce Study were just released, where a record number of Canadian Automobile Dealers Association (CADA) member dealers participated in an extensive study of the labour …
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 …
Fifty years after opening its first Porsche dealership and 65 years after it started as a business, Mark Motors Group celebrated both anniversaries in style. Earlier this month, the Ottawa-based dealership group opened Mark Motors Porsche Destination Centre, replacing the …
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 …