Tesla restarted production at its Shanghai factory after a two-day suspension, as local COVID-19 restrictions ease again. “Enough workers have returned to their positions after being cordoned off in nearby residential compounds for 48 hours where they were required to …
Toyota is reducing its global production target by 150,000 vehicles in April to 750,000 vehicles, according to Driving. The adjustment is due to the microchip shortage and other impacts stemming from the COVID-19 pandemic. “The news comes about a week …
The total, average employment in the automotive industry increased 4.3% in 2021, compared to the 2020 average—which means that approximately 640,000 people were employed across different sectors last year, according to DesRosiers Automotive Consultants (DAC). The automotive retail industry saw …
Used vehicle wholesale prices remained relatively flat this week for the Canadian market, down slightly by 0.04% for the week ending on March 4, according to Canadian Black Book. Last week it was up 0.03%, while the industry average between …
The HGreg Group, which operates in both Canada and the United States, announced that Emilio B. Imbriglio—former President and CEO of Raymond Chabot Grant Thornton—will join the company’s board of directors effective April 2022. Raymond Chabot Grant Thornton is a …
Stéphane St-Hilaire was appointed Chairman of the Board for FIX4 Capital, a company that specializes in equal access vehicle repair financing. “I have long admired Stéphane’s achievements and always felt it would be an absolute joy to learn from him,” …
Jean Novak was recently named President and CEO of both Point S Canada and Distribution Stox—companies typically described as among Canada’s largest independent dealer and distribution networks for consumer and commercial tires. The announcement was made by the board of …
Digital vehicle subscription service Autonomy partnered with Equifax to allow consumers to do a fully digital subscription transaction through their smartphone—in as little as 10 minutes. Autonomy is able to do that by using Equifax’s InstaTouch ID, which is a …
Gasoline and diesel prices reached record highs in the United Kingdom, although the cost of crude oil softened slightly. Consumers are paying an average cost of more than £1.70 per litre for gasoline and reports suggest diesel reached £2.07 per …
General Motors is returning to Quebec to build a $500-million factory in Bécancour to make cathode active material—an integral component of electric vehicle batteries. “If you want to build a carbon-free future, Canada needs to be part of the equation,” …
Polestar U.K. CEO Jonathan Goodman says the car business is going to move online, but that there will always be a need for consumers to interact with a physical property, according to Autocar. “The big question for the industry is …
If gasoline and diesel prices continue to rise, consumers may take a harder look at electric vehicles as a cheaper option. “Gas prices rise and people respond immediately by buying more hybrid vehicles with better fuel efficiency,” said Recurrent CEO …
