Daimler is now officially just Mercedes-Benz, thanks to a corporate change that saw the OEM spin-off its truck division in February. The change is the latest in a string of structural reshuffles for the OEM. Tom Narayan, a European auto analyst at RBC Capital Markets, said “Investors could start viewing Mercedes as a Lucid Motors or Tesla type and start to give it an EV (electric vehicle) multiple.” (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.
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 …
Mercedes-Benz is giving its Canadian electric vehicle customers a major boost in charging convenience. The OEM announced that its battery electric drivers can now plug into more than 25,000 Tesla Superchargers across Canada and the United States. The move comes …
Market researcher Vincentric announced its annual Best Fleet Value in Canada Awards this week, with five automotive manufacturers — General Motors, Mercedes-Benz, Stellantis, Toyota and Volvo — tied for the highest number of award-winning vehicles. The company said these OEMs …
Mercedes-Benz is giving its Canadian electric vehicle customers a major boost in charging convenience. The OEM announced that its battery electric drivers can now plug into more than 25,000 Tesla Superchargers across Canada and the United States. The move comes …
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 …