Biden administration officials are reportedly working on addressing the growing shortage of semiconductor chips impacting auto production around the globe. According to White House Press Secretary Jen Psaki, the Biden administration is “currently identifying potential chokepoints in the supply chain and actively working alongside key stakeholders in industry and with our trading partners to do more now.” For General Motors, the issue could cut into $2 billion of its 2021 profit. (Source: Reuters) Read the original article…
About Todd Phillips
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.
Is the time right?
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. …
Go Auto adds B.C.-based Subaru and Kia dealership to operations
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 …
Halted Canada-U.S. trade negotiations will resume
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 …
Newer Canadian business increasingly burdened by debt
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 …
Hyundai and GM release details on first five co-developed vehicles
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 …
GM cuts shifts at Oshawa plant where Chevy Silverado is assembled
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 …



