Renault appears ready to exit the Russian vehicle production market, leaving local partner Avtovaz to build Lada vehicles without foreign car parts, according to Driving. “The Western carmaker with the greatest exposure to the Russian market said on (March 23) that it was considering taking a 2.2 billion-euro (US$2.42-billion) non-cash charge in the first half to write off its assets in Russia. That’s equivalent to a third of its current market value.” (Source: Driving) 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.
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 …
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 …