Toyota donated $115,000 to the Canadian Red Cross to support relief efforts in the affected communities of British Columbia as a result of floods and extreme weather. Toyota Canada, Toyota Motor Manufacturing Canada, Toyota Financial Services, and Canadian AutoParts Toyota …
The Chicago Auto Show will return to McCormick Place in Illinois from February 12-21, 2022 at its traditional time of 10 a.m. to 10 p.m. with the exception of Presidents’ Day, according to the Chicago Automobile Trade Association (CATA). The …
B2B automotive trading platform Trade X secured additional debt financing from Forbright Bank and a global asset management firm to help expand its growth in North America and globally. The company said the new lines of credit total US$50 million …
Still on an up trend, prices continue to rise in the Canadian used wholesale market—now for the 16th straight week, based on Canadian Black Book’s weekly auto market update that ended on November 26. Declining new and used vehicle inventory …
Tight inventory and high prices for automobiles in the United States continue to put a damper on new vehicle sales, as November’s seasonally adjusted annual rate (SAAR) of sales is forecasted to finish near 13.4 million—which would be an increase …
The Senior Vice President and Head of TD Auto Finance, Michael McGhee, will be moving to a new role as Senior Vice President, Divisional Office, and Transformation within TD’s Business Bank—effective December 7, 2021. With this change the company also …
The new Kia Niro made its global debut at the 2021 Seoul Mobility Show. The redesigned model is part of the OEM’s growing eco-friendly line-up targeting the needs of “sustainability-conscious” consumers. “The all-new Kia Niro makes it simple to practice …
Canada Drives, self-described as the country’s largest 100 per cent online car shopping and to-your-door delivery platform, received an Enterprise Fast 15 award as part of the Technology Fast 50 program. The category it won aims to recognize the fastest-growing …
AutoTrader Media launched a new platform called TheCharge.ca to help bridge the gap between the rising consumer interest around electric vehicles, and the many barriers preventing them from actually following through on their intent to purchase. In an interview with …
A recent article by Driving.ca’s David Booth looks at the possibility that U.S. President Joe Biden’s “Build Back Better” plan could stimulate the American automotive industry—but at a cost: it will “kill” Canada’s. Booth said Biden’s EV incentive programs “so …
Car manufacturing in the United Kingdom declined 41.4% year-on-year in October 2021, with only 64,729 vehicles rolling off production lines, according to Auto Express—which called it the worst October for the industry since 1956. “Production for domestic and overseas markets …
An article published by Captive International notes that Canadian automotive dealerships with interests in captives “are being warned of the risk of fines due to increasingly complex reporting requirements.” MNP Partner Tim Bloos said dealers that fail to file correctly …
