More than 40 automotive brands slashed vehicle prices ahead of a change in emissions rules in China. “Government plans for a stricter auto emissions standard effective July 1 has added pressure to automakers and dealers to clear inventories of vehicles that do not meet the standard, Fitch Ratings analysts said in a client note on Thursday,” said Autoblog. SAIC Volkswagen Automotive Co is offering $537 million in cash subsidies for car purchases in the East Asian country. (Source: Autoblog) Read the original story…
Mark Motors Group celebrates two milestones
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 …
taq Automotive Intelligence teams up with VinFast
Canadian-based taq Automotive Intelligence has teamed up with VinFast to support a digital retailing offering for customers of the electric vehicle manufacturer. The partnership was announced on July 4; under the agreement taq Automotive Intelligence will provide an “intelligence-based, white-labeled” …
Unifor calls for surtaxes, enforcement to protect EV sector from China
As the federal government continues its consultations around potential policy responses to protect Canada from China’s unfair electric vehicle trade practices, Unifor is calling for the implementation of a series of tough and comprehensive measures. “The United States and the European …
Myers Automotive Group set to expand number of stores
Ottawa’s largest automotive group is about to get bigger. The company is closing in on a 16th dealership that will formally be announced next week. Ground-breaking on its first Subaru dealership has already begun, and is scheduled to open in …